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Soybean basis bids in the US Midwest were mixed on Wednesday due to harvest delays in some areas, while other locations lowered bids anticipating increased October supplies. Corn basis remained mostly steady to firm.
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.