Soybean, Corn Premiums Rise as Rain Slows Shipping, Farmer Sales

Cash premiums for soybeans and corn shipped in May to terminals near New Orleans rose relative to Chicago futures as shipping delays and reduced farmer sales tightened supplies. The spot-basis bid, or premium, for soybeans delivered next month was at 64 cents to 70 cents a bushel above May futures, up from 60 cents to 70 cents yesterday, U.S. Department of Agriculture data show. Corn basis bids

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