US Cash Grains-Corn, soybean basis higher as farmers focus on planting

CHICAGO, April 13 (Reuters) - Spot basis bids for corn and soybeans were steady to higher in the U.S. Midwest on Monday as farmers shifted focus to planting their 2026 crop.

• The U.S. Department of Agriculture reported that 6% of the U.S. soybean crop and 5% of the U.S. corn crop have been planted.

• Traders also monitored the Iran war, which has spiked prices for fertilizer needed to maximize corn yields. President Donald Trump said the U.S. military began a blockade of ships leaving Iran's ports and oil prices climbed back over $100 per barrel.

• CBOT May corn CK26 settled 3/4 cent lower at $4.40-1/4 per bushel.

• May soybeans SK26 fell 13-1/2 cents to $11.62-1/4 per bushel after reaching $11.83-3/4, the contract's highest price since March 16.

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