US Cash Grains-Corn bids mixed, soy steady as futures rise

Reuters
2025/06/04
US Cash Grains-Corn bids mixed, soy steady as futures rise

CHICAGO, June 3 (Reuters) - Spot soybean bids were steady, while corn bids were steady to mixed in the U.S. Midwest on Tuesday as planting wound to a close and selling remained relatively slow.

  • The U.S. Department of Agriculture's first rating of the soybean crop this year came in at 67% good to excellent, slightly below the average estimate of 68%.

  • The USDA reported 93% of corn was seeded and 69% of the crop was in good to excellent condition. Both were in line with analyst expectations.

  • Regular rain has helped most soybean and corn crops in the Midwest get off to good starts, though the showers also delayed planting in some areas.

  • Soybean futures Sv1 were last up 6-1/4 cents to $10.39-1/2 per bushel. Corn futures Cv1 were up 1-1/4 cents to $4.39-1/2 per bushel

Basis values are quoted against CBOT futures in cts/bu:

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+10

+

N

UNC

+7

+

N

UNC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-25

+

N

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+5

+

N

UNC

+20

+

N

UNC

DECATUR IN

+35

+

N

UNC

MORRISTOWN IN

+35

+

N

UNC

LAFAYETTE IN

+30

+

N

UNC

CEDAR RAPIDS IA

-1

+

N

UNC

-15

+

N

UNC

COUNCIL BLUFFS IA

-10

+

N

UNC

LINCOLN NE

-10

+

N

UNC

BLAIR NE

+2

+

N

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

N

UNC

+15

+

N

UNC

SENECA IL

+0

+

N

DN 1

-5

+

N

UNC

SAVANNA IL

-18

+

N

UNC

-36

+

N

UNC

DAVENPORT IA

-7

+

N

UNC

-15

+

N

UNC

ETHANOL PLANTS

LINDEN IN

+15

+

N

UNC

UNION CITY IN

+34

+

N

UNC

ANNAWAN IL

-8

+

N

UP 2

COUNCIL BLUFFS IA

+0

+

N

UNC

SRW WHEAT

TOLEDO OH

-25

+

N

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-50

+

N

UNC

BURNS HARBOR IN

UNQ

UNC

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 = JulyQ = August, U = September, X = November, Z = December

--------------------------------------------------------

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

(Reporting by Heather Schlitz; Editing by Shailesh Kuber)

((Heather.Schlitz@thomsonreuters.com;))

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