US Cash Grains-Soybean bids mixed, corn flat as farmers wrap up planting

CHICAGO, June 4 (Reuters) - Spot soybean basis bids were mixed and corn bids were flat in the U.S. Midwest on Wednesday as farmers hesitated to sell amid low prices.

• The soybean basis increased at an Illinois processor and decreased at an Indiana crush plant.

• The corn basis was steady, spot checks showed.

• Corn seeding is nearly over and soybean seeding is 84% complete, the U.S. Department of Agriculture reported on Monday.

• Corn and soybean futures moved higher on bargain buying after the benchmark Chicago Board of Trade corn contract Cv1 hit a multi-month low and soybeans Sv1 touched a seven-week low earlier this week.

• Chicago Board of Trade July soybean futures SN25 rose 4-1/4 cents to settle at $10.45 per bushel. CBOT July corn CN25 rose 1/4 cent to settle at $4.38-3/4 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