Spot corn and soyabean basis bids held mostly steady in the US Midwest on Wednesday, while farmer crops sales were slow, dealers said. Farmers sold light amounts of corn and soyabeans earlier in the week on Monday, but trading activity was quiet in the markets ahead of the New Year's Day holiday on Thursday.
A closely watched processor in Decatur, Illinois lowered its soyabean bid by 8 cents to even with the Chicago Board of Trade price of $10.19-1/4 per bushel, a grain merchant said. Chicago Board of Trade corn futures fell 2 percent on Wednesday, extending losses to the third straight session as investors liquidated long positions in the final session of 2014, traders said. Chicago Board of Trade soyabean futures fell Wednesday on end-year technical selling and bright South American crop prospects that should build world supplies, traders said.
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