US Midwest corn and soya bids steady

Spot basis bids for corn and soyabeans held mostly steady around the US Midwest on Tuesday amid limited prompt demand from end users following farmer sales in recent days, dealers said. Some grain merchants who were pushing for supplies late last week were content with current supply levels even as lower soyabean futures and flat corn futures kept a lid on offerings from farmers.
Soya basis bids eased by 4 cents per bushel at an elevator in western Iowa and rose by 1 cent at a terminal along the Illinois River. The corn basis eased by 1 cent along the Illinois River and was unchanged elsewhere.