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Markets

US Cash Grains-Corn basis steady to firm; soy basis mostly flat

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The corn basis was underpinned by slow country movement.

Farmers have been reluctant to book sales in recent weeks due to concerns about planting delays leading to a smaller-than-expected harvest in the fall, dealers said.

Corn bids were steady at ethanol plants.

The soybean basis was mostly unchanged at elevators, processors and river terminals.

Copyright Reuters, 2019