US Cash Grains-Soy basis bids firm at river terminals, Midwest plantings begin

CHICAGO, April 14 (Reuters) - Spot basis bids for soybeans were flat to higher at Midwestern river terminals and grain elevators, spot checks showed on Monday.

Farmer selling is expected to be slow this week, keeping basis firm, as farmers take advantage of mostly dry weather to plant soy and corn crops, traders said.

Planting has just begun in Midwestern states including Iowa, Illinois and Nebraska, according to U.S. Department of Agriculture data issued on Monday. Nationally, 2% of the soy crop and 4% of corn were planted as of Sunday.

Chicago Board of Trade soybean futures closed mixed, with nearby contracts ending lower on profit-taking while deferred, new-crop contracts firmed a bit.

Basis values are quoted against CBOT futures in cents/bu:

NOTE: 0 = Option Price, UNC = Unchanged, UNQ = Unquoted,

NC = Not Comparable, DP = Delayed Price, N/A = Not Available,

F = January, H = March, K = May, N = July, Q = August,
U = September, X = November, Z = December

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LINKS: 0#USCSHGRN-AM

For U.S. forward basis spreadsheets, please click on:

CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- U.S. grain barge freight values BG/US

- U.S. Midwest cash grain AM GRA/M

- U.S. CIF/FOB Gulf Grain GRA/F