US Cash Grains-Corn, soy bids steady-mixed as futures fall

CHICAGO, Nov 2 (Reuters) - Basis bids for corn and soybeans were steady to mixed in the US Midwest on Monday as focus remained on harvesting and low futures prices disincentivized farmer selling.

• Scattered rains may cause harvest delays.

• Crop prices have fallen recently while the US Department of Agriculture has estimated that farmers are harvesting the biggest soybean crop on record and the second-largest corn crop. For soybeans, futures have slid 9% since rising last month to the highest price in about three years.

• CBOT January soybeans ended down 17-1/2 cents at $12.16-3/4 per bushel and touched their lowest level since August 19.

• December corn closed up 1/2 cent at $4.48-1/4 per bushel after dropping earlier to the lowest price since July 6.

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:

For US forward basis spreadsheets, please click on:

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- US grain barge freight values BG/US

- US Midwest cash grain AM GRA/M

- US CIF/FOB Gulf Grain GRA/F