US Cash Grains-Corn bids mixed as futures fall

CHICAGO, Dec 12 (Reuters) - Spot basis bids for corn were steady to higher at elevators and processors, flat to lower at river terminals and ethanol plants as futures dipped on Friday, a spot check of locations showed.

• CBOT March corn CH26 settled down 5-3/4 cents at $4.40-3/4 per bushel.

• Traders shrugged off support from news that the U.S. Department of Agriculture (USDA) confirmed sales of 250,000 metric tons of U.S. corn to undisclosed destinations.

• Corn exports have been robust this week. The USDA on Tuesday raised its U.S. corn export forecast, as sales of the grain to global buyers have been stronger than anticipated.

• Data from the U.S. Commodity Futures Trading Commission showed that managed commodity funds built a massive net long position in CBOT soybean futures by mid-November, leaving the market prone to bouts of long liquidation.

• CBOT January soybeans SF26 settled down 16-3/4 cents at $10.76-3/4 per bushel after dipping to $10.75-3/4, the contract's lowest since October 30.

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