Markets

US Cash Grains-River corn, soy bids firm on cheap barge freight

Published Updated

CHICAGO: Spot basis bids for corn and soybeans firmed at river locations in the US Midwest on Friday as costs for barge freight continued to sag, merchandisers said.

Nearby barges were offered at 375 percent of tariff on the Illinois River late Thursday, down from 425 percent a day earlier and 490 percent a week ago.

Soy processor bids were mixed, with values firming in Iowa and softening at Lafayette, Indiana.

Conditions were mostly dry for harvesting across the Corn Belt.

Copyright Reuters, 2016