Monday, December 3, 2012

RTRS - Soy basis bids jump 20 cts in Cincinnati on strong demand


Nov 30 (Reuters) - Soybean spot basis bids jumped 20 cents per bushel in Cincinnati, Ohio early on Friday, supported by tightening supplies and strong demand for the oilseed, dealers said.

Draft restrictions beginning next week on the Mississippi River south of St. Louis are expected to slow traffic on the waterway and lead to more demand for soybeans on the Ohio River near Cincinnati, the dealers said.