US Gulf soybean and corn bids mixed
DBA•Basis bids for corn and soybeans shipped by barge to the US Gulf were mixed on Tuesday, while export premiums were flat. December corn futures rose 10-3/4 cents to $5.08 a bushel, and November soybeans gained 22-1/4 cents to $13.03.
1. Gulf bids and futures
Basis bids for corn and soybeans shipped by barge to the US Gulf were mixed on Tuesday, and export premiums were flat. Corn futures rose after the US Department of Agriculture made a bigger-than-expected cut to its crop condition rating, raising concerns about a possible reduction in its yield outlook. Soybean futures gained as recent rains slowed harvesting and raised concerns about crop quality and oil content.
