date:Mar 13, 2014
Spot basis bids for corn and soyabeans were mostly steady at processors and elevators on Tuesday around the US Midwest in quiet trade with few farmers selling grain and soya, dealers said. Soft US corn futures values kept farmers from booking crop sales while the growers began to mull over planting plans, sources said.
US corn futures rose more than 1 percent on Tuesday, supported by bargain buying following a steep decline on Monday as well as a surge in wheat futures, traders said. US soyabe