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Spot basis bids for corn and soybeans were mostly steady to firm at Midwest processors and interior elevators, while barge-loading terminals were flat to lower. Farmer sales were limited as futures hovered near multi-week lows, and USDA cut its corn condition rating for a third straight week to 61% good to excellent.
A falling corn crop rating raises yield concerns and supports corn futures. Slow farmer selling tightens nearby supply and supports cash bids.
stockopedia.comMay 25, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
