US Cash Grains-Soy basis steady-higher, corn ticks down

CHICAGO, July 22 (Reuters) - Spot basis bids for corn were steady to lower while the soy basis was steady to higher in the U.S. Midwest on Tuesday as futures were mixed.

• The corn basis rose at an Indiana processor and an Illinois river terminal.

• The soy basis fell at a Nebraska processor, Illinois river terminal and an Iowa ethanol plant.

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

• Warm weather and heavy rains have created a beneficial greenhouse-like effect for the corn and soy crops in the U.S. Midwest.

• The U.S. Department of Agriculture rated 74% of the U.S. corn crop in good-to-excellent condition as of Sunday, the highest rating for this time of year since 2016 and unchanged from the previous week.

• The USDA rated 68% of the soybean crop in good-excellent condition, down from 70% the previous week and below the average analyst estimate.

• CBOT September corn futures CU25 were last down 3-1/4 cents to $4.00-1/2 per bushel, while new-crop December corn CZ25 was down 2-1/2 cents to $4.19 a bushel as of midday.

• CBOT August soybean futures SQ25 were up 1/2 cent to $10.15-1/2 per bushel. New-crop November soybeans SX25 were up 2-3/4 cents to $10.28-3/4 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