US Cash Grains-Soybean bids down, corn steady-higher

CHICAGO, July 2 (Reuters) - Spot basis bids for soybeans were steady to lower while corn bids were steady to higher in the U.S. Midwest on Wednesday as farmers remained reluctant to sell amid low futures prices.

• The soy basis ticked down at an Ohio elevator and an Indiana processor.

• The corn basis ticked higher at an Illinois ethanol plant.

• With a mix of showers and warm weather set to continue, traders currently see limited threats to corn crops as they approach the crucial pollination stage.

• Expectations of ample supplies have also weighed on the soybean market, with prices hitting their lowest since April in the past week.

• Chicago Board of Trade most-active corn futures rose 1-3/4 cents to $4.07-3/4 per bushel. CBOT most-active soy futures Sv1 rose 9-1/4 cents to $10.36 per bushel.

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