date:Aug 21, 2014
Spot soyabean processor bids were steady to higher around the US Midwest on Tuesday as old-crop supplies tighten, dealers said. Bids for soyabeans jumped by as much at 50 cents per bushel at a closely followed processor in Decatur, Illinois. A large processor in western Iowa also increased its bid by 30 cents per bushel.
Inventory levels at some processors have decreased in recent weeks as available old-crop supplies dwindle. Processors increased bids in an attempt to attract farmers with old-