U.S. Cash Grains-Elevator bids for soybeans, corn mixed

Reuters

1 Feb, 2023 a las 7:03 p. m. GMT

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CHICAGO, Feb 1 (Reuters) -Spot basis bids for soybeans and corn were mixed at elevators around the U.S. Midwest on Wednesday, grain dealers said.

* Corn bids were steady to firm at processors, rising by 5 cents a bushel in Chicago.

* Processor bids for soybeans were unchanged.

* The cash basis for soft red winter wheat was strong, with the market underpinned by slow farmer sales in recent months.

* Farmer sales of all three commodities were slow on Wednesday.

* Grain dealers said that farmers had already priced enough deals to meet their short-term cash flow needs and were waiting to see if prices rally.

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-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

Reporting by Mark Weinraub; editing by Diane Craft

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