Markets

US Cash Grains-Corn mostly unchanged; soy steady to firmer

Published December 16, 2016 Updated December 16, 2016 08:17pm

1 min

By Fawad Maqsood

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CHICAGO: Most spot corn bids at elevators and processors around the US Midwest were unchanged on Friday and bids were steady to firmer for soybeans, grain merchants said.

* They said minimal farmer selling underpinned corn bids and prompted an Iowa elevator to raise bids by 9 cents per bushel. Ample global supplies weakened Chicago Trade corn futures, which also tempered producer sales.

* Solid US exports underpinned soybean bids along with CBOT soybean contracts.

* On Friday morning, The US Agriculture Department said private exporters reported a deal to ship 205,000 tonnes of soybeans to unknown destinations in the 2016/17 marketing year.

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