US Cash Grains-Corn, soy bids gain as farmers curb sales

CHICAGO: Spot corn and soybeans basis bids at processors and elevators on Wednesday in the US Midwest were steady to higher after farmers reduced sales, grain merchants said.

Some producers scaled back corn and soybean sales while wrapping up the fall harvest. Others resisted selling grain before Thursday's US Department of Agriculture monthly supply and demand report.

Firmer basis bids for corn and soybeans at Midwest river elevators reflected good export demand, which supported bids for grain loaded on barges destined for US Gulf Coast terminals.