US Cash Grains-Soy, corn basis bids flat after quiet week

CHICAGO, May 30 (Reuters) - Spot soybean and corn basis bids were flat in the U.S. Midwest on Friday following a quiet week, dealers said.

• Farmers have continued to focus on planting the remainder of their corn and soy crops.

• Soybeans and corn ticked lower, curbed by expectations of ample supplies and beneficial weather, and soybeans faced additional pressure from uncertainty over biofuel demand as the U.S. government considers waivers for oil refiners.

• The soybean market was also assessing a Reuters report that the White House is considering a plan to clear a record backlog of requests from small refineries for exemptions from U.S. biofuel laws.

• The most active corn contract Cv1 on the Chicago Board of Trade (CBOT) dropped 3 cents to $4.44 a bushel.

• Most active soybeans Sv1 fell 10 cents to $10.41-3/4 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