Spot corn basis bids were mixed in the US Midwest on Thursday despite a pickup in farmer offerings this week as Chicago Board of Trade corn futures neared one-month highs, traders said. Farmer selling involved mostly old-crop corn, but growers sold some new-crop grain as well. CBOT July corn touched $4.00-1/2 per bushel on Wednesday but fell below $3.90 by 10:33 am CDT (1533 GMT) on Thursday, tracking broad weakness in commodities as the US dollar firmed.
Soyabean basis bids were mostly steady with a few mixed changes, and farmer selling was quietly steady. Forecasts called for warmer and mostly drier weather in the eastern Midwest through the middle of next week, which should help producers catch up with planting in areas that have been delayed, including Indiana and Ohio.