US Cash Grains-Generally steady to lower corn, soy basis bids

CHICAGO: The bulk of corn and soybean spot basis bids at elevators, processors and river markets in the US Midwest were flat to lower on Monday, following ramped up harvest activity that increased end-user supplies, dealers said.

Still a Decatur, Illinois corn processor increased bids by a penny per bushel after producers decreased sales in the area.

Light soybean selling by some farmers forced a Midwest river elevator in Seneca, Illinois to raise bids by 8 cents per bushel.