US Cash Grains-Corn basis bids rise as futures fall

CHICAGO, Feb 2 (Reuters) - Spot basis bids for corn were mostly steady to higher in the U.S. Midwest on Monday as futures ticked lower under pressure from a slumping overall commodities market and a rising U.S. dollar.

• Extreme cold weather conditions slowed grain sales last week and falling futures gave farmers little incentive to sell.

• The corn basis rose at an elevator in Lincoln, Nebraska, a processor in Decatur, Illinois, a river terminal in Seneca, Illinois and ethanol plants in Union City, Indiana, Annawan, Illinois and Council Bluffs, Iowa.

• The soybean basis fell at an elevator in Cincinnati, Ohio and river terminals in Seneca, Illinois and Savanna, Illinois.

• At 1:03 p.m. CST (1903 GMT) Chicago Board of Trade March corn futures CH26 fell 2-1/2 cents to $4.25-3/4 a bushel. CBOT March soybeans SH26 were down 4 cents to $10.60-1/4 a bushel. GRA/

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