date:Jul 24, 2014
Spot soyabean basis bids were steady to narrowly mixed at elevators and processors around the US Midwest in quiet trade on Tuesday as farmers sold light amounts of soyabeans, dealers said. Some farmers sold soyabeans in delayed pricing programs in the hope that prices would rise later, dealers said. Expectations of large crops and continued ideal growing weather have pressured CBOT corn and soya futures. Weak CBOT soya futures have dragged on cash prices in recent days, which have kept farmers f