US Cash Grains-Corn and soy bids mixed as futures retreat from gains

CHICAGO, March 2 (Reuters) - Basis bids for corn and soybeans were mixed in the U.S. Midwest on Monday after recent price gains encouraged some farmers to sell crops, traders said

• The corn basis fell by 5 cents a bushel for delivery in the first half of March in Decatur, Illinois.

• Dealers rolled their basis bids for corn and soybeans to Chicago Board of Trade May contracts from March contracts.

• CBOT May corn CK26 reached its highest since January 12 while May soybeans SK26 set a contract high.

• Futures prices later pulled back as traders turned their focus away from the Middle East conflict that earlier sparked a wave of short-covering.

• Traders said they were worried that China, the world's biggest soybean importer, could back away from buying American supplies of the oilseed after Beijing condemned U.S. and Israeli attacks on Iran.

• Domestic and export demand remained solid for U.S. corn, traders said.

Basis values are quoted against CBOT futures in cts/ bu:

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