CHICAGO: Spot basis bids for corn were steady to firmer in the US Midwest on Tuesday, with the basis strengthening at Decatur, Illinois, a processing hub, merchandisers said.
The corn basis firmed at a Blair, Nebraska, processing site a day earlier, and bids firmed on Tuesday at ethanol plants in Illinois and Indiana.
Soybean basis bids were flat to weaker despite a lack of farmer offerings. The basis eased at Morris, Illinois, on the Illinois River, a possible reflection of softening demand from exporters at the US Gulf. CIF soybean bids declined at the Gulf on Tuesday.