CHICAGO, Jan 16 (Reuters) - Spot basis bids for corn and soy were mostly flat at elevators, river terminals, ethanol plants other types of processors around the U.S. Midwest on Thursday after a week of revived farmer sales, a spot check showed.

* Corn and soy futures fell back after hitting multi-month highs earlier in the week, following a U.S. Department of Agriculture report on Friday that showed crop estimates lower than trade expectations. Farmer sales picked up, curbing the rally, according to analysts.

* The spot basis for soybeans fell at a processor in Council Bluffs, Iowa and rose at another processing location in Lafayette, Indiana.

* The corn basis rose at an ethanol plant in Linden, Indiana.

* Soybean futures Sv1 were down 19-3/4 cents at $10.23 a bushel at 10:06 a.m. CST (1606 GMT).

* Corn futures Cv1 fell 4-1/4 cents to $4.74-1/2 per bushel, but hit highs near the multi-month peak reached on Tuesday.

Basis values are quoted against CBOT futures in cts/bu:

NOTE: 0 = Option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DP = Delayed price, N/A = Not available,

F = January, H = March, K = May, N = JulyQ = August, U = September, X = November, Z = December

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LINKS: 0#USCSHGRN-PM

For U.S. forward basis spreadsheets, please click:

CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- U.S. grain barge freight values BG/US

- U.S. Midwest cash grain PM GRA/PM

- U.S. CIF/FOB Gulf Grain GRA/F

(Reporting by Renee Hickman; Editing by Shailesh Kuber)

((renee.hickman@thomsonreuters.com))