US Cash Grains-Spot soybean, corn bids steady as planting continues

CHICAGO, May 29 (Reuters) - Spot soybean and corn basis bids were steady in the U.S. Midwest on Thursday as farmers focused on seeding the remainder of their crop.

• The corn and soy bid ticked up at an Illinois river terminal.

• Basis bids were steady elsewhere, spot checks showed.

• A stronger dollar, which was triggered by a U.S. federal court blocking President Donald Trump's "Liberation Day" tariffs from going into effect, has made U.S. goods less competitive globally.

• U.S. exporters sold 104,000 metric tons of corn to Mexico and 101,096 tons of corn to unknown destinations for 2024/25 delivery, the U.S. Department of Agriculture reported.

• Sluggish demand and an ongoing U.S.-China trade war have continued to weigh on corn and soy futures.

• CBOT July corn futures CN25 were last down 5-1/4 cents at $4.45-3/4 per bushel and July soybean futures SN25 were steady at $10.48-1/2 per bushel.

Basis values are quoted against CBOT futures in cts/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-PM

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

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 PM GRA/PM

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