U.S. Cash Grains-Corn, soy basis bids steady as CBOT prices slip

April 30 (Reuters) – Spot basis bids for corn and soybeans were mostly steady at processors and elevators around the U.S. Midwest early on Wednesday in quiet trading as lower Chicago Board of Trade futures pressured cash prices, dealers said.

* Farmers were not interested in booking old-crop sales with lower CBOT corn and soybean prices early on Wednesday, grain merchants said.

* While sales stalled, dealers also noted steady deliveries of previously contracted grain.

* Wet and rainy conditions around the region continued to keep farmers from out of fields, dealers said.

* Planting will likely be delayed as weather forecasts show rain showers through the end of the week, dealers said.

* Several dealers rolled basis bids to the Chicago Board of Trade July contract, from the May contract.

* A corn bids rose by 1 cent per bushel at a Council Bluffs, Iowa processor.

Basis values are quoted against CBOT futures in cts/bu:
                    CORN                  SOYBEANS          
 CINCINNATI OH         -6  +  K  UNC      +25     +  K  UNC
 BURNS HARBOR IN      -16  +  K  UNC      +10     +  K  UNC
 DECATUR IN           -30  +  N  NC                         
 DES MOINES IA                            UNQ           UNC
 LINCOLN NE           -17  +  K  UNC                    
                                                            
 PROCESSORS                                                 
                    CORN                  SOYBEANS          
 DECATUR IL           +16  +  K  UNC      +35     +  N  UNC
 DECATUR IN                               +55     +  N  NC
 MORRISTOWN IN                            +45     +  K  UNC
 LAFAYETTE IN                             +40     +  K  UNC
 CEDAR RAPIDS IA       +1  +  N  NC        +0     +  K  UNC
 COUNCIL BLUFFS IA                         +7     +  N  NC
 LINCOLN NE                                +3     +  N  UNC
 BLAIR NE              -5  +  K  UNC                        
                                                            
 RIVER TERMINALS                                            
                    CORN                  SOYBEANS          
 TOLEDO OH            -23  +  N  NC       +27     +  N  NC
 SENECA IL             +3  +  K  UNC       +2     +  K  UNC
 SAVANNA IL            -4  +  K  UNC       -8     +  K  UNC
 DAVENPORT IA          +1  +  K  UP 1      -4     +  K  UP 4
                                                            
 ETHANOL PLANTS                                             
 LINDEN IN             -3  +  K  UNC                        
 UNION CITY IN         -8  +  N  NC                         
 ANNAWAN IL            -2  +  N  UNC                        
 COUNCIL BLUFFS IA    -14  +  N  UP 1                       
                                                            
 SRW WHEAT                                                  
	
TOLEDO OH -8 + N UNC CINCINNATI OH -25 + N UNC DECATUR IN -15 + N NC BURNS HARBOR IN -25 + N UNC NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, K = May, N = July --------------------------------------------------------------- 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 Bernadette Baum)

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