US Cash Grains-Corn, soy bids fall as futures slide

CHICAGO, July 21 (Reuters) - Spot basis bids for corn and soybeans ticked lower in the U.S. Midwest on Tuesday as futures slid, though demand for U.S. soybeans in particular remained high.

• Chicago corn and soybean prices fell on Tuesday as better-than-expected U.S. crop ratings weighed on prices that hit multi-month highs in the previous session on strong demand and renewed fighting inthe Middle East.

• The U.S. Department of Agriculture on Monday kept condition ratings for the nation's corn and soybean crops mostly steady from the previous week, surpassing analyst expectations in a Reuters poll of 11 analysts.

• Chicago Board of Trade most-active corn futures Cv1 were last unchanged at $4.73 per bushel.

• CBOT most-active soybean futures were last down 5 cents at $12.21-1/4 per bushel.

Basis values are quoted against CBOT futures in cts/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-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

(Reporting by Heather Schlitz; Editing by Mark Porter)

((Heather.Schlitz@thomsonreuters.com;))