U.S. Cash Grains-Corn, soy bids mostly steady; rains delay planting

April 25 (Reuters) - Corn spot basis bids held mostly steady
at processors and elevators around the U.S. Midwest on Friday as
rainy conditions stalled planting in the Eastern Corn Belt,
grain merchants said. 
    * "These weather conditions certainly are not ideal," a
Chicago-based grain trader said. 
    * Corn basis bids firmed by 1 cent per bushel at an terminal
on the Illinois River and by 2 cents per bushel at an elevator
in Council Bluffs, Iowa.
    * U.S. corn futures rose on Friday on concerns that storms
forecast across the Midwest and colder-than-normal temperatures
	
will cause further delays to planting, traders said. * Grain merchants noted light farmer sales of corn early on Friday as CBOT corn futures firmed but trade was largely quiet in the later in the day, dealers said. * Soybean basis bids firmed by 6 cents per bushel at a Chicago elevator and by 3 cents per bushel at a Council Bluffs, Iowa elevator, but held mostly steady at other elevators and processors around the region. * U.S. soybean futures rose on Friday as investors rebuilt bull spreads due to tight U.S. supplies, traders said. * Farmers held off on selling the remainder of old-crop supplies even as CBOT soybeans rallied, dealers said. Basis values are quoted against CBOT futures in cts/bu: Current Previous Bid Bid Chicago, Illinois Corn processors +4 + K +4 + K UNC Corn elevators +2 + K +2 + K UNC Soybean elevators +10 + K +4 + K UP 6 Wheat elevators +0 + K +0 + K UNC Wheat processors +15 + K +15 + K UNC Decatur IL corn +12 + K +12 + K UNC Decatur IL soybeans +30 + K +30 + K UNC Burns Harbor IN corn -16 + K -16 + K UNC Burns Harbor IN soy +10 + K +10 + K UNC Lafayette IN soy +40 + K +40 + K UNC Toledo OH (port) Corn -17 + K -17 + K UNC Soy +20 + K +20 + K UNC
SRW wheat -8 + N -8 + N UNC Davenport IA (river) Corn +0 + K +0 + K UNC Soy -9 + K -9 + K UNC Evansville IN (rail) 15-car CSX corn +0 + K +0 + K UNC Cincinnati OH (rail) 3-car corn -10 + K -10 + K UNC Hereford TX corn +82 + K +82 + K UNC Columbus OH (rail) 3-car corn -12 + K -12 + K UNC Morris IL (river) Corn +3 + K +2 + K UP 1 Soybeans +2 + K +2 + K UNC Fort Worth TX corn +95 + K +95 + K UNC Blair NE corn -5 + K -5 + K UNC Council Bluffs, IA (elevator) Corn -8 + K -10 + K UP 2 Soy +0 + K -3 + K UP 3 Des Moines IA soy UNQ UNQ UNC Sioux City IA soy -18 + K -18 + K UNC NOTE: 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 David Gregorio)

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