June 5 (Reuters) – Spot basis bids for corn and soybeans were steady to lower at U.S. Midwest river terminals on Thursday, pressured by limited demand and higher shipping costs on some waterways, grain merchants said.
* Soybean bids stabilized at processing plants after steep declines tied to the roll of the basis to Chicago Board of Trade August futures from July futures. The soy basis fell to the lowest level in a month in the CIF barge market, reflecting seasonally light exporter demand.
* The soy basis fell 2 to 7 cents per bushel at Mississippi River terminals while corn bids eased 4 to 5 cents on the Mississippi and Illinois rivers. Increasing shipping costs on the Illinois River further weighed on bids, the dealers said.
* Corn bids firmed 3 cents at an ethanol plant in western Iowa but eased by 1 cent at facilities in Illinois and Indiana.
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 PROCESSORS 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 +25 + N UNC +75 + Q UNC COUNCIL BLUFFS IA +62 + Q UNC LINCOLN NE +62 + Q UNC BLAIR NE -1 + N UNC RIVER TERMINALS CORN SOYBEANS TOLEDO OH -13 + N UNC +85 + Q NC SENECA IL -1 + N DN 5 +15 + N UNC SAVANNA IL +0 + N UNC -7 + N DN 7 DAVENPORT IA +3 + N DN 4 -1 + N DN 2 ETHANOL PLANTS LINDEN IN -1 + N DN 1 UNION CITY IN +12 + N UNC ANNAWAN IL +8 + N DN 1 COUNCIL BLUFFS IA +0 + N UP 3 SRW WHEAT TOLEDO OH -3 + N UNC CINCINNATI OH -15 + N UNC 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 Michael Hirtzer in Chicago; Editing by Jonathan Oatis)