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Markets

US Cash Grains-Most corn bids steady/firmer on slow farmer sales

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By Shoaib Ur Rehman

CHICAGO: Spot basis bids for corn at processors, elevators and river terminals around the US Midwest on Thursday were mostly steady to firmer as farmer selling subsides, said merchants.

Farmers withheld old-crop grain while awaiting next week's US Department of Agriculture outlook for new-crop corn yields.

A Chicago corn processor dropped bids by 5 cents per bushel due to sufficient inventories.

Soybean bids at Midwest elevators, processors and river markets were generally unchanged.

 

 

Copyright Reuters, 2017
 

 

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