CHICAGO: Corn and soybean spot basis bids at elevators and processors around the Midwest held steady on Monday after soft corn futures and higher soybean contracts limited farmer selling, dealers said.
Chicago Board of Trade corn slipped while awaiting findings later on Monday from the annual Pro Farmer Midwest Crop Tour.
The US Department of Agriculture's weekly crop condition report on Monday afternoon rated corn condition 75 percent good/excellent versus 74 percent a week ago.
Soybean futures finished higher, partly driven by solid export demand.
The USDA reported export inspections of US soybeans in the latest week at 961,414 tonnes, above a range of trade expectations of 650,000 to 850,000 tonnes.
The federal government's good/excellent rating for soybeans on Monday was 72 percent, the same as a week ago.
Corn basis bids at Midwest river terminals were steady to firmer and mixed for soybeans.
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