Spot basis bids for corn and soyabeans were steady to mixed in the US Midwest on Friday as declines in futures limited farmer sales while some processors already had ample supplies on hand, grain merchants said. Soyabean bids fell by 6 cents per bushel at a processor in Lafayette, Indiana, adding to the 10-cent decline in Chicago Board of Trade soyabean futures. However, bids for soyabeans were up by 7 cents at an Indiana elevator and slightly higher along Midwest rivers.
The corn basis declined by the fourth time this week at a wet mill in Blair, Nebraska, but gained along the Illinois and Mississippi rivers.
Barge freight costs were firm on Midwest rivers, boosted by increased demand for empty barges for February loadings, a barge source said.
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