date:Jul 16, 2014
US FOB Gulf corn and soyabean basis offers were mostly steady on Monday, with importers cautious about committing to fresh sales after a violent move in prices, traders said. Importers were reluctant to be too aggressive in booking purchases after grain futures touched their lowest levels in years on Friday, traders said. Prices recovered a bit on Monday due to bargain buying and short covering.
The US Department of Agriculture sparked Friday's sell-off by increasing its US ending stocks estim