US cash grains: soybean basis bids steady to higher, corn weaker
Spot soybean basis values across the US Midwest were steady to higher as tight supplies and delayed harvesting supported processors' bids. Corn basis bids were steady to weaker.
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Spot soybean basis values across the US Midwest were steady to higher as tight supplies and delayed harvesting supported processors' bids. Corn basis bids were steady to weaker.
Soybean futures rose on Monday as traders anticipated that a meeting between US President Donald Trump and Chinese President Xi Jinping this week could spur more Chinese buying of American supplies. Most-active soybean futures rose 23-1/2 cents to $13.27 a bushel by 12:30 p.m. CDT (1730 GMT). CBOT corn was 13-1/2 cents
Corn futures on the Chicago Board of Trade closed higher on Tuesday, with strength in soybeans and wheat offsetting seasonal U.S. harvest pressure, traders said.