US Cash Grains-Soybean basis higher, corn mixed as futures bounce

CHICAGO, Oct 28 (Reuters) - Spot cash soybean basis bids were higher and corn bids were mixed on Tuesday as some farmers took advantage of a price bounce to sell.

• The soybean basis rose at two river terminals.

• The corn basis fell at an Iowa processor and Indiana ethanol plant and rose at an Iowa river terminal.

• U.S. President Donald Trump said on Monday the U.S. and China were set to "come away with" a trade deal, while Treasury Secretary Scott Bessent told NBC on Sunday that China would make "substantial" soybean purchases under a proposed framework.

• Broader market optimism over trade talks has caused a bounce in commodity prices.

• The U.S. soybean harvest was 84% complete as of Sunday and the corn harvest was 72% finished, according to a Reuters poll of 10 analysts on Monday.

• Chicago Board of Trade most-active corn futures Cv1 were last up 6-1/4 cents to $4.35 per bushel as of midday.

• Most-active soybean futures Sv1 were up 19 cents to $10.86-1/2 a bushel.

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