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Markets

Soybean bids weak at rivers, flat around interior

Published Updated

 CHICAGO: Spot basis bids for soybeans weakened at river terminals in the US Midwest early on Friday as weakness in the export market cut demand from shippers at the US Gulf.

* The soybean basis was mostly unchanged at interior processors and elevators, grain dealers said.

* Corn bids also were mostly flat around the interior but mixed at river locations.

* Farmers were showing little interest in booking new deals for their corn or soybeans, a northern Ohio dealer said.

* Many growers were making final preparations for planting, although cold soil temperatures and wet fields were causing delays around the region.

Copyright Reuters, 2019

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