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US Cash Grains-Corn, soy basis bids mixed around Midwest

US Cash Grains-Corn, soy basis bids mixed around Midwest

Mon May 13 2019

 

Spot basis bids for corn and soy were mixed around the US Midwest early on Monday, grain dealers said. Slow selling of corn from storage underpinned basis bids at interior elevators, processors and ethanol plants, traders said.

 

An elevator in Lincoln, Nebraska, raised its bid by 2 cents from Friday. Soybean bids were mixed at river terminals. Weakness in the futures market has pulled cash prices well below break even levels for most growers.

 

Soybean futures on Monday touched their lowest prices since December 2008, on concerns about the escalating US-China trade war.

 

Source: Reuters

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