Soybean bids ease at rivers, elevators, processors

Spot basis bids for soybeans softened at U.S. Midwest river terminals processors and elevators on Thursday, grain dealers said.

* Sporadic rains across parts of the Midwest have aided corn and soybean crops, but significant rainfall is needed to boost plant development, one Indiana grain dealer noted.

* Soybeans basis was down at river terminals in Seneca, Illinois and Davenport, Iowa, as well as an elevator in Cincinnati, Ohio and a Morristown, Indiana processor.

* Corn bids eased at a Cincinnati, Ohio elevator.

* Wheat basis fell in Toledo, Ohio and Decatur, Indiana.

* Dealers continued to roll their corn bids to the Chicago Board of Trade September contract (CU2) from the July contract (CN2).

* Dealers have also continued rolling soybean bids to the Chicago Board of Trade August contract (SQ2) from the July contract (SN2).

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

- CBOT soybean report

- CBOT wheat report

- U.S. grain barge freight values

- U.S. Midwest cash grain AM

- U.S. CIF/FOB Gulf Grain