US Cash Grains-Soybean, corn bids hold steady at processors

CHICAGO: Spot basis bids for corn and soybeans steadied at processors around the US Midwest early on Thursday after rising earlier in the week, grain dealers said.

At interior elevators, corn bids were flat while soybean bids were steady to firm, rising by 5 cents per bushel in Cincinnati, Ohio.

River bids for corn and soybeans were steady to firm.

Corn bids were steady to weak at ethanol plants, falling by 2 cents per bushel in Council Bluffs, Iowa.

Farmer selling of both commodities was slow, with weakness in the futures market further chilling already light selling interest from growers, an Iowa dealer said.