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Midwest cash basis bids for corn and soybeans rose as buyers tried to attract sales from farmers reluctant to sell, while futures were nearly unchanged. Analysts expected the USDA to forecast record soybean production of 4.597 billion bushels and corn production of 15.962 billion bushels; the USDA reported that soybean harvest was 88% complete and corn harvest was 74% complete.
Stronger basis bids indicate nearby buyers are competing for farmer-held supplies, lending local support to cash markets. Expectations for large crops, especially record soybean production, may limit broader price gains.
rallies.aiRallies AINov 6, 2026Not 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.
