US Cash Grains-Corn, Soy basis bids mostly flat as futures climb

Dec 26 (Reuters) - Basis bids for soybeans and corn were mostly steady at elevators, processors, river terminals and ethanol plants around the U.S. Midwest in a spot check on Thursday.

* The one exception was an elevator in Blair, Nebraska, where the basis fell by 1 cent.

* CBOT most-active March soybeans SH25 settled up 16 cents, or 1.6%, at $9.97-1/4 per bushel.

* CBOT March corn CH25 ended up 5-1/4 cents, or 1.2%, at $4.53-3/4 per bushel after rising to $4.54-1/4, the highest level on a continuous chart of the most-active corn futures contract CV1 since June 26.

* Chicago corn futures hit a six-month high on Thursday on spillover strength from wheat and soybeans with a thin holiday trade and expectations of tightening U.S. corn supplies, traders said.

* Chicago soybean futures rose more than 1% as concerns about dry weather in parts of Argentina prompted speculators to exit short positions, according to traders.

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

(Reporting by Renee Hickman; Editing by Richard Chang)

((renee.hickman@thomsonreuters.com))