US Cash Grains-Soy basis bids firm at river terminals, Midwest plantings begin

CHICAGO, April 14 (Reuters) - Spot basis bids for soybeans were flat to higher at Midwestern river terminals and grain elevators, spot checks showed on Monday.

* Farmer selling is expected to be slow this week, keeping basis firm, as farmers take advantage of mostly dry weather to plant soy and corn crops, traders said.

* Planting has just begun in Midwestern states including Iowa, Illinois and Nebraska, according to U.S. Department of Agriculture data issued on Monday. Nationally, 2% of the soy crop and 4% of corn were planted as of Sunday.

* Chicago Board of Trade soybean futures closed mixed, with nearby contracts ending lower on profit-taking while deferred, new-crop contracts firmed a bit.

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