CIF/FOB Gulf Grain-Soybean and corn barge bids mixed
CHICAGO, Sept 30 (Reuters) - Basis bids for soybeans and corn shipped by barge to the US Gulf Coast were mixed on Wednesday as market players digested a slew of US Department of Agriculture data.
FOB export premiums remained steady.
CIF corn and soybean bids were mixed.
CIF soybean barges loaded in October traded at 100 cents over the Chicago Board of Trade November soybean contract , November loadings traded at 111 cents over November futures and December loadings traded at 105 cents over CBOT January 2027 futures.
Chicago Board of Trade corn futures dropped sharply on Wednesday as investors scrambled to liquidate their positions, after the USDA reported that US farmers and grain handlers had 35% more corn in storage as of September 1 than a year earlier.
Corn stocks reached a seven-year high of 2.095 billion bushels for September 1, up from 1.551 billion a year ago, the USDA said in a quarterly report. Analysts, on average, had expected the agency to report 1.918 billion bushels, according to a Reuters survey.
US farmers harvested 17% of the soybean crop and 18% of the corn crop as of Sunday, USDA said after grain trading ended on Monday. That matched five-year averages but was below analysts' expectations of 20% for both crops. States including Iowa were behind schedule.
For displays of CIF basis, click on the codes in brackets:
US CIF Gulf soybeans
US CIF Gulf corn
US CIF Gulf SRW wheat
US CIF Gulf HRW wheat
For displays of FOB basis, please click on the following codes in brackets:
US FOB Gulf corn
US FOB Gulf soybeans
US FOB Gulf SRW wheat
US FOB Gulf HRW wheat
LINKS
Corn prices page: cpurl://apps.cp./cms/?pageid=corn-cash-market
Wheat prices page: cpurl://apps.cp./cms/?pageid=wheat-cash-market
US barge freight BG/US
US export sales estimates USDA/EST
US grain export summary GRA/U
Brazil soybean export prices
Brazil corn export prices