Bids for corn and soyabeans delivered on the cash market fell at processors and elevators around the US Midwest on Thursday, pressured by heavy farmer selling of both commodities. A rally in the futures market prompted the sales, which included old-crop and new-crop corn and soyabeans. Sales of old-crop corn were the heaviest, a grain dealer in Davenport, Iowa, said. Dealers continued to roll their basis bids to the Chicago Board of Trade August soyabean futures contract from the July contract, which enters the delivery period next week.
Comments
Comments are closed.