date:Jun 16, 2014
Soyabean spot basis bids were steady to lower around the US Midwest on Friday as US soyabean futures rebounded, dealers said. Technical buying boosted US soyabean futures on Friday after falling to their lowest since March 24 one day ago, traders said. Farmers' sales of the oilseed have remained slow as current cash prices were not meeting the growers' price target range, dealers said.
A closely watched processor in Decatur, Illinois lowered its soyabean bid by 5 cents per bushel to 90 cents o