Midwest Soybean Basis Offers Flat, Corn Steady to Lower

On June 8, according to media reports, grain dealers said that the spot price basis of corn in the Midwest of the United States remained stable to lower on Wednesday, and the basis price of soybean was roughly stable, because the sales of farmers were still light. (CBOT) The July contract is approaching the delivery stage, traders will roll over the bids of the corn futures contract to the August contract, and soybeans to September.

Much of the Midwest is expected to see much-needed rain Saturday through Monday, weather technology company Maxar said in a daily weather report.