Soy and corn cash basis bids rise as merchants seek old-crop coverage
Spot cash basis bids for U.S. soybeans and corn rose at some processing facilities and grain elevators on Wednesday, as merchandisers sought to buy old-crop stocks until new-crop harvest boosts supplies.
Spot cash basis bids for U.S. soybeans and corn rose at some processing facilities and grain elevators on Wednesday as merchandisers sought to buy old-crop stocks to cover their needs until the new-crop harvest begins to boost supplies.Basis values are quoted against CBOT futures in cts/bu:NOTE: 0…