US Cash Grains-Corn, soybean basis mostly flat as futures rise

CHICAGO, July 18 (Reuters) - Spot basis bids for corn and soybeans delivered to U.S. Midwest processing plants and interior elevators were mostly steady on Friday, capped by higher futures prices ahead of the weekend.

• Farmer sales of both commodities have been slow this week as cash prices are hovering near recent lows.

• Corn and soybean crops have been developing under generally favorable weather this summer, which has lifted crop ratings to the highest mid-July levels since 2016. Hot weather is forecast for the Midwest next week, along with scattered precipitation, meteorologists said.

• CBOT September corn futures CU25 were up 6-1/4 cents at $4.08-1/4 a bushel at 10:00 a.m. CDT (1500 GMT), while new-crop December corn CZ25 was up 6-1/4 cents at $4.27-1/4 a bushel.

• CBOT August soybean futures SQ25 were up 13-3/4 cents at $10.35-3/4 per bushel. New-crop November soybeans SX25 were up 15-1/2 cents at $10.42 a 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