US Cash Grains-Corn, soybean basis mostly steady as CBOT futures climb

CHICAGO, Jan 21 (Reuters) - Spot basis bids for corn and soybeans were mostly steady in the U.S. Midwest on Tuesday with a few mixed changes while frigid temperatures gripped much of the region.

The spot corn basis firmed by 7 cents a bushel at a Cedar Rapids, Iowa, processing plant. But corn bids were mixed at terminal elevators, with the basis improving by 1 cent at Cincinnati, Ohio, and falling by 2 cents at Lincoln, Nebraska.

For soybeans, the basis declined by 5 cents at a Cedar Rapids crushing plant but strengthened by 1 cent at a Cincinnati elevator.

Farmers have rewarded rallies in Chicago Board of Trade soybean Sv1 and corn Cv1 futures in recent weeks by selling grain, and a higher trend in futures on Tuesday continued to keep farmers engaged.

CBOT March soybean futures were up 25 cents a bushel, or 2.4%, at $10.59 a bushel at mid-session, and March corn CH25 was up 5 cents, or 1%, at $4.89-1/4 a bushel after reaching $4.90-1/2, buoyed by worries about Argentine crop weather and relief that tariffs promised by U.S. President Donald Trump did not immediately materialize after Monday's inauguration. GRA/

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 = July
Q = 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 Julie Ingwersen; Editing by Andrea Ricci)

((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))