US Cash Grains-Soy and corn basis bids flat-mixed, farmers do field work

CHICAGO, April 2 (Reuters) - Spot basis bids for soybeans and corn were steady to mixed in the U.S. Midwest on Thursday as farmers increasingly turned their attention to field work, dealers said.

• The soybean basis fell by 5 cents per bushel at a processor in Lincoln, Nebraska, after rising by 10 cents at that location on Wednesday.

• An ethanol plant in Council Bluffs, Iowa, increased its corn basis by 2 cents after a 3-cent increase on Wednesday. Another ethanol plant in Annawan, Illinois, lowered its corn basis by 2 cents.

• Farmers have been focusing on field work ahead of plantings in the Midwest, instead of selling crops, and are hoping for higher prices, dealers said.

• The U.S. Department of Agriculture is scheduled to resume regular weekly U.S. crop progress reports on Monday. Farmers had planted 2% of the nation's corn crop as of April 6, 2025.

• Drier weather next week would aid early field work in the Midwest before rain is expected in the middle of April, Commodity Weather Group said in a forecast.

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