US Cash Grains-Corn bids flat, soy higher as planting progresses

CHICAGO, May 30 (Reuters) - Spot soybean and corn basis bids were mostly steady in the U.S. Midwest on Friday following a week of quiet trading and minimal movement as most farmers focused on seeding the rest of their corn and soy crops.

• Soy bids increased at an Ohio elevator and an Iowa river terminal but were steady elsewhere.

• Some farmers who have finished planting have begun marketing their crop.

• Soybeans ticked lower to hold near Thursday's three-week low, curbed by expectations of ample supplies along with uncertainty over biofuel demand as the U.S. government considers waivers for oil refiners.

• Corn futures were mixed as traders weighed Brazil's large upcoming corn crop with large export sales reported on Thursday by the U.S. Department of Agriculture.

• The USDA said export sales of corn for the current marketing year totaled 916,700 tons, in line with expectations.

• CBOT July corn futures CN25 were last down 1-3/4 cents at $4.45 per bushel and July soybean futures SN25 were down 10-3/4 cents at $10.40-1/2 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