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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 cash basis bids for soybeans delivered to U.S. Midwest elevators and crush plants were mostly steady on Friday while corn basis bids were unchanged at elevators and mixed at processing facilities, grain merchants said. Farmer selling was slow on Friday as Chicago Board of Trade futures
Soybean spot basis at Midwest elevators and processors was mostly steady, with tighter near-term supplies after rains delayed harvesting in western areas of the farm belt.
Spot cash basis bids for soybeans delivered to U.S. Midwest processing plants were mostly steady to higher, supported by harvest delays and more rain in the forecast that left some buyers short of immediate supplies, grain merchants said.