US Cash Grains-Soy, corn basis mixed as futures ease

CHICAGO, March 10 (Reuters) - Spot basis bids for corn and soybeans were steady to mixed in the U.S. Midwest on Tuesday after farmers took advantage of a recent rally in corn and soy futures to sell.

• Farmer selling eased as the rally in futures prices petered out.

• U.S. corn and wheat futures fell for a second straight session on Tuesday as tumbling crude oil prices fueled profit-taking in grains after a surge to multi-month peaks a day earlier.

• Soybeans shrugged off the crude oil pressure to end firmer, helped by intermarket spreading and as investors held out hope for a breakthrough in upcoming trade talks between U.S. President Donald Trump and Chinese President Xi Jinping.

• CBOT May corn CK26 settled 1-1/2 cents lower at $4.52-1/4 per bushel.

• May soybeans SK26 settled 5-1/2 cents higher at $12.01-3/4 a bushel.

Basis values are quoted against CBOT futures in cents/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-AM

For U.S. forward basis spreadsheets, please click on:

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 AM GRA/M

- U.S. CIF/FOB Gulf Grain GRA/F