date:Mar 18, 2014
Soyabean spot basis bids were mostly steady in quiet trade at processors and elevators around the US Midwest on Monday as farmers were reluctant to sell crops, dealers said. Farmers were big soya sellers earlier this month when US soyabean futures rallied and boosted cash prices above $14 per bushel. But now farmers' incentive to sell has tapered off on softer US soya futures values, dealers said.
A southern Ohio processor increased its bid by 22 cents per bushel in an effort to entice farmers