US Cash Grains-Soybean crusher basis steady to firm, corn bids flat to lower

CHICAGO, July 17 (Reuters) - Spot basis bids for soybeans were steady to higher at U.S. Midwest processing plants on Thursday and mostly steady at interior elevators and barge-loading river terminals, merchants said.

• A soybean crusher in Des Moines, Iowa, raised its spot basis bid by 10 cents a bushel on Thursday while other processing plants left bids unchanged. A large crusher in central Illinois and two processors in Iowa lifted their spot soy basis by 5 cents earlier in the week.

• Spot corn basis bids were mostly steady to lower at elevators and processing plants on Thursday.

• Farmer selling of both commodities remained slow on Thursday as futures prices hovered remain near recent lows. Soybean futures on the Chicago Board of Trade touched three-month lows at the start of the week, while corn contracts posted lifetime lows amid strong production prospects in the United States.

• CBOT September corn futures CU25 settled 3-1/4 cents lower at $4.02 a bushel, while new-crop December corn CZ25 was down 3 cents at $4.21 a bushel.

• CBOT August soybean futures SQ25 rose 8 cents to $10.21-1/2 per bushel and new-crop November soybeans SX25 gained 6 cents to settle at $10.26-1/2 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