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Spot soybean basis values were mostly steady to weaker in the US Midwest as scattered weekend harvest activity brought fresh supplies to processors. Corn basis bids were steady to stronger, while futures fell after soybeans were excluded from proposed tariff cuts.
CHICAGO, Sept 18 (Reuters) — Spot basis values for corn and soybeans delivered to elevators and processors around the US Midwest were mostly steady on Friday, underpinned by tight supplies and lower futures prices. Spot soybean basis values were at a steep premium to bids for deferred deliveries at several western Midw
Merchants said spot basis for soybeans was steady to lower at U.S. Midwest processing plants, while soybean basis at elevators was mostly unchanged. Corn basis bids were narrowly mixed as harvest nears.
U.S. Midwest soybean spot basis was steady to higher at processing plants but steady to lower at interior and river elevators; corn bids were mostly unchanged. Basis is quoted versus CBOT futures in cents/bu.
Spot cash basis bids for corn and soybeans were steady to lower at most Midwest elevators and processing plants, with buyers looking ahead to the upcoming harvest.
Cash basis bids for corn and soybeans were mostly steady to down in the U.S. Midwest on Friday as futures plummeted after hitting near a three-year high during the session.Basis values are quoted against CBOT futures in cts/bu:NOTE: 0 = Option price, UNC = Unchanged, UNQ = UnquotedNC = Not comparab…
Spot cash basis bids for corn and soybeans delivered to U.S. Midwest elevators and processors were mostly steady to lower Thursday, after accelerated farmer sales earlier in the week; basis is quoted vs CBOT futures in cts/bu.