# VALERO ENERGY | US Cash Grains-Corn, soybean basis mostly steady-firm on slow farmer sales

> 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.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35978-valero-energy-us-cash-grains-corn-soybean-basis-mostly-steady-firm-on-slow
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A falling corn crop rating raises yield concerns and supports corn futures. Slow farmer selling tightens nearby supply and supports cash bids.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Sources

- stockopedia.com: https://www.stockopedia.com/share-prices/valero-energy-NYQ:VLO/news/us-cash-grains-corn-soybean-basis-mostly-steady-firm-on-slow-farmer-sales-019fc97b-3f44-7973-9e23-f806e1a9763e/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.