US Cash Grains-Soy, corn basis nearly unchanged amid slow selling

CHICAGO, May 28 (Reuters) - Spot soybean and corn basis bids were muted in quiet cash trade on Wednesday as farmer selling was mixed as planting was in varying stages across the country.

• The corn basis rose by 4 cents at a rail terminal in Ohio. Corn, soy and wheat basis bids were steady elsewhere, spot checks showed.

• The USDA said U.S. farmers had planted 87% of their intended corn acres by Sunday, up from 78% a week earlier and ahead of the five-year average of 85%.

• The USDA rated 68% of the U.S. corn crop as good to excellent in its first condition ratings for the 2025 season, well below the average estimate of 73% in a Reuters analyst poll.

• Agribusiness consultancy Datagro increased its forecasts for Brazil's 2024/25 corn crop, a statement showed on Monday. Total corn production was estimated to reach 132.7 million tons, 0.7% higher than the previous estimate of 131.7 million tons.

• CBOT July corn futures CN25 settled down 8-1/2 cents on Wednesday at $4.51 per bushel.

• July soybeans SN25 settled 14 cents lower at $10.48-1/2 a bushel.

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