US Cash Grains-Corn basis steady to lower at river terminals, ethanol plants

CHICAGO, July 29 (Reuters) - Basis bids for corn were steady to weaker at ethanol plants and river terminals in a spot check of facilities in the U.S. Midwest on Tuesday as corn and soy futures fell.

• The corn basis fell at a river terminal in Davenport, Iowa, and an ethanol plant in Annawan, Illinois.

• The soybean basis fell at river terminals in Savanna, Illinois, and Davenport, Iowa, but rose at a river terminal in Seneca, Illinois.

• The U.S. Department of Agriculture in a weekly report on Monday rated 73% of the nation's corn crop as being in good or excellent condition as of Sunday, compared with 74% a week earlier and in line with analysts' estimates in a Reuters poll. It was the highest rating for this time of the summer since 2016.

• The USDA rated 70% of the U.S. soybean crop as being in good or excellent condition, up from 68% last week. Analysts expected 67%, which would have matched last year's rating.

• The good-to-excellent rating in Illinois, the biggest U.S. soybean-producing state, jumped to 65% from 60% last week.

• Forecasts for beneficial cooler weather in the Midwest weighed on futures on the Chicago Board of Trade. As of 12:20 p.m. CDT (1720 GMT), CBOT September corn futures CU25 were down 4-1/2 cents at $3.89-1/4 a bushel and new-crop December corn CZ25 was down 3 cents at $4.11 a bushel.

• CBOT August soybeans SQ25 were down 9-1/2 cents at $9.79-1/4 a bushel and the new-crop November contract SX25 was down 4-3/4 cents at $10.06-3/4.

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