US Cash Grains-Soy and corn bids mostly flat-up, farmer sales stay slow

CHICAGO, June 6 (Reuters) - Spot soybean and corn basis bids were mostly steady to higher at U.S. Midwest processing facilities and river terminals on Friday amid a lack of selling by farmers, grain merchants said.

• The soybean basis rose by 5 cents per bushel at a river terminal in Seneca, Illinois, and was unchanged elsewhere.

• The corn basis fell by 16 cents at a grain elevator in Cincinnati, Ohio, and rose by 4 cents at an ethanol plant in Union City, Indiana.

• "Farmer selling appears to be slow still and the soybean basis values at the processor are quiet," CHS Hedging said.

• Farmers have largely finished planting corn and soybeans.

• Mostly cloudy, humid weather and scattered showers were limiting late-season planting efforts in the Corn Belt, the U.S. Department of Agriculture said in a daily weather report.

• The USDA on Monday is slated to issue weekly updates on corn and soy crop condition ratings.

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