US Cash Grains-Corn elevator basis narrowly mixed, processor bids flat

CHICAGO, July 18 (Reuters) - Spot basis bids for corn were narrowly mixed at U.S. Midwest elevators on Friday and unchanged at processing plants as futures climbed to a near-two-week peak, but farmer sales remained slow, merchants said.

• Spot soybean basis bids were mostly steady at elevators and crush plants.

• Corn and soybean crops have been developing under generally favorable weather this summer, and crop ratings are at the highest mid-July levels since 2016. Hot weather is forecast for the Midwest next week, which could stress some crops, but scattered rains forecast for the region are likely to offer crops some reprieve, meteorologists said.

• CBOT September corn futures CU25 settled 6-1/2 cents higher at $4.08-1/2 a bushel, while new-crop December corn CZ25 was up 6-3/4 cents at $4.27-3/4 a bushel.

• CBOT August soybean futures SQ25 rose 6-1/4 cents to $10.27-3/4 per bushel and new-crop November soybeans SX25 gained 9-1/4 cents to settle at $10.35-3/4 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