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Markets

US Cash Grains-Corn bids firm; soybeans mostly flat

Published January 3, 2018 Updated January 3, 2018 07:39pm
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By Fawad MaqsoodReuters
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 CHICAGO: Spot basis bids for corn firmed at interior elevators, processors and ethanol plants around the US Midwest early on Wednesday amid slow sales of the yellow grain, dealers said.

River bids for corn held steady.

Soybean bids were mostly flat at interior locations but mixed at river terminals.

Although the interior soybean basis was mostly steady, bids rose by 4 cents per bushel in Cincinnati, Ohio.

Soybean sales were light in areas east of the Mississippi River but a dealer in Council Bluffs, Iowa, reported some farmer interest in booking deals.

Copyright Reuters, 2018

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