CHICAGO: Spot basis bids for corn and soybeans were mixed on Thursday in most of the US Midwest interior on Thursday amid light sales, dealers said.
* Cash wheat bids held steady.
* There were some old crop corn sales early on Thursday, but offers tapered off as CBOT corn futures softened midday, a grain merchant in Iowa said. The merchant also noted deliveries of previously contracted grain.
* In Iowa, a corn bid improved by 1 cent at an ethanol plant.
* A river broker on the Illinois River noted a few sales of both old and new crop corn and soybeans.
* Barge freight values held steady, barge sources said.
* Planting pace worries persist in the eastern Midwest where rain and wet conditions have stalled progress.
* Producers waited for the fields to dry out in portions of Ohio hoping to get planters rolling by the weekend, a dealer in Toledo said.
* Cash basis bids have firmed over the last few days, but grain merchants noted aside from a few sales movement has generally been slow.
* Producers' price targets remain around $14 per bushel for soybeans and $7 per bushel for corn.
* At the Chicago Board of Trade, corn futures closed mixed with July firm on tight stocks and weather worries.
* CBOT soybean futures closed firm on Thursday on unwinding of corn/soy spreads in choppy dealings.
* US wheat futures were mixed on Thursday, with Chicago Board of Trade contracts falling but high-protein wheat contracts at the MGEX and Kansas City Board of Trade rose amid concerns about crop production, traders said.
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