US Cash Grains-Soybean bids up, corn mixed as futures rise

CHICAGO, June 3 (Reuters) - Spot soybean basis bids increased at two elevators while soybean bids were mixed as futures rose and selling remained muted, dealers said.

• Soybean bids rose at elevators in Ohio and Iowa.

• The corn basis rose at a Nebraska elevator and declined at an Illinois river terminal.

• Corn and soy planting is nearly complete.

• The U.S. Department of Agriculture's first rating of the soybean crop this year came in at 67% good to excellent, slightly below the average estimate of 68%.

• The USDA reported 93% of corn was seeded and 69% of the crop was in good to excellent condition. Both were in line with analyst expectations.

• Chicago Board of Trade July soybean futures SN25 settled up 7-1/4 cents, or 0.7%, at $10.40-3/4 per bushel. CBOT July corn CN25 rose 1/4 cent to end at $4.38-1/2 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