CHICAGO, July 10 (Reuters) - Spot basis bids for corn were mostly steady to lower at grain elevators, processors and river terminals in the U.S. Midwest on Friday after some farmers booked sales this week, dealers said.

• An elevator in Cincinnati, Ohio, reduced its corn basis by 5 cents per bushel. Basis declined by 1 cent each at a processor in Blair, Nebraska, and a river terminal near Davenport, Iowa.

• Farmers and grain dealers monitored U.S. weather because July is the critical month for development of the corn crop.

• Forecasts have pointed to more moderate heat in the U.S. grain belt after a hot period, dealers said. Timely rains will reach the Midwest, according to Commodity Weather Group.

• The U.S. Department of Agriculture made bigger-than-expected cuts to its estimates of U.S. 2026-27 corn and soybean ending stocks in a monthly report.

• Tighter supplies will leave grain markets more vulnerable to rallies if U.S. crops face harsh weather this summer, market analysts said.

• For soybeans, some dealers rolled their basis bids to Chicago Board of Trade November SX26 futures.

• A processor in Decatur, Illinois, raised its soybean bid by 10 cents per bushel for delivery by July 20.

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

ELEVATORS
	CORN					SOYBEANS
CINCINNATI OH	+24	+	U	DN 5		+25	+	Q	DN 2
BURNS HARBOR IN	UNQ			UNC		UNQ			UNC
DECATUR IN	UNQ			UNC		UNQ			UNC
DES MOINES IA	UNQ			UNC		UNQ			UNC
LINCOLN NE	-25	+	U	UNC		-25		X	NC
PROCESSORS
	CORN					SOYBEANS
DECATUR IL	+16	+	U	UNC		+35	+	Q	UP 10
DECATUR IN						+15	+	X	UNC
MORRISTOWN IN						+20	+	X	UNC
LAFAYETTE IN						+20	+	Q	UNC
CEDAR RAPIDS IA	-10	+	U	UNC		+10	+	Q	UNC
COUNCIL BLUFFS IA						+0	+	X	UNC
LINCOLN NE						+10	+	X	NC
BLAIR NE	-11	+	U	DN 1
RIVER TERMINALS
	CORN					SOYBEANS
TOLEDO OH	+15	+	U	UNC		+10	+	Q	UNC
SENECA IL	+2	+	U	UNC		-7	+	Q	UNC
SAVANNA IL	-26	+	U	UNC		-41	+	Q	UNC
DAVENPORT IA	-13	+	U	DN 1		-20	+	Q	UP 2
ETHANOL PLANTS
LINDEN IN	+20	+	U	UNC
UNION CITY IN	+35	+	U	UNC
ANNAWAN IL	-3	+	U	UP 5
COUNCIL BLUFFS IA	-8	+	U	UNC
SRW WHEAT
TOLEDO OH	-5	+	U	UP 10
CINCINNATI OH	UNQ			UNC
DECATUR IN	-20	+	U	UNC
BURNS HARBOR IN	UNQ			UNC

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-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