U.S. Cash Grains-Corn basis bids mixed, soy steady in quiet trade

June 9 (Reuters) – Spot basis bids for corn were mixed at processors and ethanol plants, but held steady at elevators around the U.S. Midwest on Monday as farmers were slow to sell crops, dealers said.

* Weaker U.S. corn futures values kept a lid on corn sales in the cash market, grain merchants said. Front-month July corn futures fell more than 2 percent on Monday.

* Corn bids were narrowly mixed at river terminals and ethanol plants as slowed farmer sales were offset by limited demand and plentiful supplies.

* Soybean basis bids held mostly steady in quiet trade. U.S. soybean futures traded higher but farmers waited before selling crops, dealers said.

* Crops were still being assessed in western portions of Iowa after a strong hail and wind storm caused damage last week, a dealer in Council Bluffs, Iowa said.

* Soft red winter wheat bids held steady and farmer sales were quiet while harvest is still a couple weeks away, dealers said.

Basis values are quoted against CBOT futures in cts/bu:
                      CORN                   SOYBEANS          
 CINCINNATI OH           +2  +  N  UNC          +95  +  Q  UNC
 BURNS HARBOR IN        -12  +  N  UNC          +15  +  N  UNC
 DECATUR IN             -15  +  N  UNC                         
 DES MOINES IA                                  UNQ        UNC
 LINCOLN NE             -13  +  N  UNC                     
                      CORN                   SOYBEANS          
 DECATUR IL             +18  +  N  UNC          +95  +  Q  UNC
 DECATUR IN                                    +115  +  Q  UNC
 MORRISTOWN IN                                 +115  +  Q  UNC
 LAFAYETTE IN                                  +115  +  Q  UNC
 CEDAR RAPIDS IA        +23  +  N  DN 2         +70  +  Q  DN 5
 COUNCIL BLUFFS IA                              +62  +  Q  UNC
 LINCOLN NE                                     +62  +  Q  UNC
 BLAIR NE                +0  +  N  UP 1                        
 RIVER TERMINALS                                               
                      CORN                   SOYBEANS          
 TOLEDO OH              -13  +  N  UNC          +85  +  Q  UNC
 SENECA IL               -1  +  N  UNC          +15  +  N  UNC
 SAVANNA IL              -1  +  N  UNC           -5  +  N  UP 2
 DAVENPORT IA            +5  +  N  UNC           -1  +  N  UNC
 ETHANOL PLANTS                                                
LINDEN IN +0 + N UNC UNION CITY IN +9 + N DN 1 ANNAWAN IL +6 + N DN 2 COUNCIL BLUFFS IA +0 + N UNC SRW WHEAT TOLEDO OH +0 + N UNC CINCINNATI OH -10 + N UP 5 DECATUR IN -15 + N UNC BURNS HARBOR IN -20 + N UNC NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, N = July, Q = August --------------------------------------------------------------- LINKS: For U.S. forward basis spreadsheets, please double-click on: - CBOT corn report - CBOT soybean report - CBOT wheat report - U.S. grain barge freight values - U.S. Midwest cash grain PM - U.S. CIF Gulf Grain - U.S. FOB Gulf Grain (Reporting by Meredith Davis in Chicago; Editing by Meredith Mazzilli)

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