US Cash Grains-Corn, soy bids mixed in muted trade

CHICAGO, July 22 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Tuesday as trade remained quiet and rains created a greenhouse-like effect for the nascent crops.

• The corn basis rose at an Illinois river terminal and fell at a Nebraska elevator. The soy basis rose at an Illinois elevator.

• Chicago Board of Trade corn futures extended session losses on Tuesday, weighed down by forecasts for crop-friendly rain in U.S. grain belts this week.

• Soybean futures closed modestly lower after a choppy session, turning higher at times on support from a decline in U.S. crop ratings and news that U.S. and Chinese trade officials will meet to discuss an August 12 deadline for a deal to avert sharply higher tariffs.

• The U.S. Department of Agriculture rated 74% of the U.S. corn crop in good-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.

• The most active corn contract Cv1 settled down 4-1/4 cents at $4.18 a bushel, while soybeans Sv1 ended 1/2-cent lower at $10.25-1/2 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