Soy, corn bids mostly flat as futures ease

Spot basis bids for corn and soybeans were mostly steady in a spot check of elevators, ethanol plants, other kinds of processors and river terminals in the U.S. Midwest on Tuesday, as futures for both commodities fell.

• One exception was the soybean basis at a processor in Decatur, Illinois, which rose 5 cents.

• Futures were pressured as forecasts for more benign weather fueled expectations for a bumper harvest.

• Additional pressure came from worries that U.S. President Donald Trump's tariff disputes with key trading partners may hurt demand for U.S. crops at a time when farmers are increasingly expected to produce large yields.

• In a weekly U.S. Department of Agriculture crop report, the agency rated 74% of the nation's corn crop in good-to-excellent condition, and 66% of the nation's soybean crop as good-to-excellent.

• CBOT December corn (CZ25) finished down 6-1/2 cents at $4.14-1/4 a bushel.

• CBOT November soybeans (SX25) ended 3-1/4 cents lower at $10.17-1/2 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

- CBOT soybean report

- CBOT wheat report

- U.S. grain barge freight values

- U.S. Midwest cash grain AM

- U.S. CIF/FOB Gulf Grain