Markets

US Cash Grains-Corn, soybean bids generally flat/weaker

Published Updated

Adequate corn supplies kept a lid on most bids in the Midwest. But some bids were underpinned by spotty sales by farmers holding out for better money for their crops after weather worries boosted Chicago Board of Trade corn futures.

Tepid demand for soybeans destined to the US Gulf coast dropped bids at a river elevator at Seneca, Illinois, by 5 cents per bushel. A Davenport, Iowa, terminal upped bids by 2 cents to shore up inventories.

 

Copyright Reuters, 2017