Spot basis bids for corn and soybeans were flat to down at elevators, processors and river terminals at locations around the U.S. Midwest in a spot check on Monday.

• The corn basis fell at an elevator in Council Bluffs, Iowa, a processor in Lafayette, Indiana, and a river terminal in Morris, Illinois.
• The soybean basis fell at an elevator in Des Moines, Iowa, and a river terminal in Davenport, Iowa.
• Soybean futures rose on Monday in a short-covering bounce from four-month lows as the U.S. crop enters its critical reproductive stage of development.
• Corn futures eased and several contracts posted fresh lifetime lows as favorable U.S. crop weather reinforced expectations for a bumper harvest this autumn.
• CBOT December corn (CZ25) closed 3-3/4 cents lower at $4.07 a bushel.
• CBOT November soybeans (SX25) ended up 5-1/4 cents at $9.94-1/2 a bushel
  Source: Reuters