U.S. Cash Grains-Corn bids mixed, soybean bids mostly steady in quiet trade

July 8 (Reuters) – Spot corn basis bids were mixed while soybean bids held mostly steady around the U.S. Midwest in quiet trade on Tuesday as farmers were reluctant crop sellers, dealers said.

* On Tuesday, Chicago Board of Trade soy fell for the seventh straight session and CBOT corn fell for the sixth straight session, dragging on cash prices and keeping farmers hesitant to sell crops.

* Some dealers noted light scattered sales of new-crop soybeans and corn in the last week, but the crops sales have not been steady due to the weak CBOT futures.

* A western Iowa dealer said phone calls from farmers inquiring about soybean pricing tapered off on Tuesday afternoon as CBOT soybean futures fell 2.6 percent near a five-month low keeping trade in the cash market slow.

* Corn bids rose by 3 cents per bushel on the Illinois and Mississippi Rivers, but fell by same amount at a large processor in Nebraska.

* A terminal on the Mississippi River at Davenport, Iowa rolled its bid to the Chicago Board of Trade August contract, from the July. A large portion of the Mississippi River, known as the Rock Island District, has been effectively closed since last week to barge traffic due to high water levels.

* Soft red winter wheat harvest has been delayed in several parts of Ohio and Indiana due to rainy weather conditions.

* SRW winter wheat delivery pace increased in northern Ohio, but was still limited by the wet conditions. A dealer at the location expected harvest pace to pick up even more next week.

* An elevator near Chicago increased its SRW wheat bid by 5 cents per bushel to 10 cents under the Chicago Board of Trade July contract prices.

* The U.S. Department of Agriculture is scheduled to release its monthly crop supply and demand report on Friday, July 11 at 12 p.m. EDT (1600 GMT).

Basis values are quoted against CBOT futures in cts/bu:
    
    
                        Current           Previous         
                       Bid                Bid              
 Chicago, Illinois                                         
 Corn processors       +14     +  U            +15   +  U  DN 1
 Corn elevators         +0     +  N             +0   +  N  UNC
 Soybean elevators     -15     +  N             -5   +  N  DN 10
 Wheat elevators       -10     +  N            -15   +  N  UP 5
 Wheat processors      -20     +  U            -20   +  U  UNC
 Decatur IL corn       +20     +  U            +20   +  U  UNC
 Decatur IL soybeans   +10     +  Q           +100   +  Q  UNC
                         0                                 
 Burns Harbor IN corn  -15     +  U            -15   +  U  UNC
 Burns Harbor IN soy   +45     +  Q            +45   +  Q  UNC
 Lafayette IN soy      +90     +  Q            +90   +  Q  UNC
 Toledo OH (port)                                          
 Corn                   -8     +  U             -7   +  U  DN 1
 Soy                   +70     +  Q            +70   +  Q  UNC
 SRW wheat              +5     +  N             +5   +  N  UNC
 Davenport IA (river)                                      
 Corn                   +8     +  U             +5   +  U  UP 3
 Soy                   +78     +  Q             +0   +  N  NC
 Evansville IN (rail)                                      
                                                           
 15-car CSX corn       +14     +  U            +14   +  U  UNC
 Cincinnati OH (rail)                                      
 3-car corn             +6     +  U             +6   +  U  UNC
 Hereford TX corn      +10     +  U           +108   +  U  UNC
                         8                                 
 Columbus OH (rail)                                        
 3-car corn             +6     +  U             +6   +  U  UNC
 Morris IL (river)                                         
                                                           
 Corn                  +13     +  U            +10   +  U  UP 3
 Soybeans              +90     +  Q            +75   +  Q  UP 15
 Fort Worth TX corn    +90     +  U            +90   +  U  UNC
 Blair NE corn          -3     +  U             +0   +  U  DN 3
 Council Bluffs, IA                                        
 (elevator)                                                
 Corn                  -10     +  U            -10   +  U  UNC
 Soy                   +55     +  Q            +55   +  Q  UNC
 Des Moines IA soy     UNQ                     UNQ         UNC
 Sioux City IA soy     +70     +  Q            +70   +  Q  UNC
	
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, N = July, Q = August, U = September ---------------------------------------------------------------- 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 James Dalgleish)

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