Corn, soybean basis bids steady to higher

Basis bids for corn and soybeans were flat to higher at river terminals in the U.S. Midwest on Friday, a spot check of locations showed,

• Corn basis bids rose at a river terminal in Morris, Illinois, while soybean basis bids rose at a river terminal in Toledo, Ohio.

• Harvest activity is expanding in the U.S. Midwest. Unusually warm temperatures this week are pushing crops toward maturity, the Department of Agriculture said in a daily weather note.

• Traders are monitoring early corn yield reports to gauge the impact of crop diseases and late-summer dryness that could prompt the USDA to lower its yield estimates next month.

• CBOT December corn (CZ25) settled up 1/4 cent at $4.24 per bushel.

• CBOT November soybeans (SX25) settled down 12 cents at $10.25-1/2 per bushel after dipping to $10.24, the contract's lowest since September 11.

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

- CBOT soybean report

- CBOT wheat report

- U.S. grain barge freight values

- U.S. Midwest cash grain AM

- U.S. CIF/FOB Gulf Grain