NC = Not comparable, DP = Delayed price, N/A = Not available
F = January, H = March, K = May, N = July, Q = August, U = September, X = November, Z = December
Midwest cash grain bids and futures firm on higher crude
CHICAGO, July 22 (Reuters) - Spot basis bids for corn were steady to lower while soybean bids were steady to stronger in the U.S. Midwest on Wednesday.
Higher corn and soybean futures sparked a flurry of activity in cash markets.
Soybeans and corn futures firmed, tracking higher crude prices amid escalating tensions in the Middle East, which have curtailed global oil supplies.
Rising crude oil prices CLc1, LCOc1 are underpinning soybean and corn markets as higher petroleum prices boost demand for agricultural feedstocks used to produce biofuels.
Chicago Board of Trade most-active corn futures Cv1 were last 9-1/2 cents higher to $4.84-3/4 per bushel.
CBOT most-active soybean futures were last up 15 cents to $12.37-3/4 per bushel.