Spot basis bids for soyabean were steady to weak early Wednesday across the US Midwest while corn basis bids were steady to mixed, dealers said.
Farmer sales of both crops were light, they added. "Some farmers around here still seem to have a bit of corn left to sell," an Ohio dealer said. "But otherwise it's very quiet."
Processor corn bids firmed in Ohio and Iowa, but weakened at Nebraska locations, according to dealers.
Meanwhile, soyabean processor bids fell sharply Wednesday in Indiana and Iowa, dealers said.
CIF Gulf soyabean basis bids were firm early Wednesday, while corn bids were steady to firm, they added.
At the Chicago Board of trade, e-cbot September corn settled up 1 cent and August soyabeans ended down 5-1/2 cents. New-crop CBOT November soyabeans ended overnight trade down 5 cents.
CBOT soyabeans were called to open 4 to 5 cents lower Wednesday as nearly ideal US crop weather bodes well for US crop development, traders said. Overnight US soya export business was quiet.
CBOT corn futures were called to open 1/2 to 1 cent higher Wednesday in a technical recovery, brokers said.
Overnight US corn export business was routine, with South Korea buying 52,500 tonnes of optional-origin corn from Cargill for arrival on November 20.
Cash bids for soft red winter wheat were steady to mixed Wednesday, with an Ohio location firming bids by one penny and an Indiana location dropping bids four cents, dealers said.
Combining of the crop has begun to wind down in soft red winter wheat and hard red winter wheat areas, dealers noted.
The US Department of Agriculture late Monday reported the US wheat crop was 83 percent harvested as of Sunday.
CBOT wheat futures were called to open steady to 1/2 cent higher in a mild technical bounce after Tuesday's slide to a one-year low, traders said.
In overnight export business, South Korea set a tender for Thursday to buy 13,800 tonnes of US wheat and Taiwan said it would tender Thursday for 42,500 tonnes of US wheat.
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