US Cash Grains-Corn bids mixed as futures bounce back

CHICAGO, July 9 (Reuters) - Spot basis bids for corn were mixed in a spot check of elevators, processors, river and rail terminals in the U.S. Midwest on Wednesday as futures recovered after hitting new contract lows.

• The corn basis rose at a processor in Decatur, Illinois, a river terminal in Davenport, Iowa and a rail terminal in Columbus, Ohio.

• The corn basis fell at an elevator in Council Bluffs, Iowa and a river terminal in Morris, Illinois.

• The soybean basis improved at the Morris river terminal and a processor in Lafayette, Indiana.

• Corn futures rebounded after favorable crop conditions pushed the commodity to life of contract lows earlier in the session.

• CBOT December corn CZ25 finished up 1-1/4 cents at $4.15-1/2 a bushel.

• CBOT November soybeans SX25 ended 10-1/4 cents lower at $10.07-1/4 a bushel.

Basis values are quoted against CBOT futures in cents/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-AM

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

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 AM GRA/M

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