CIF/FOB Gulf Grain-Soybean basis bids, offers mostly steady to higher
CHICAGO, Oct 30 (Reuters) - Basis bids and offers for soybeans shipped by barge to the US Gulf Coast were mostly flat to up as the export pace of soybeans to China continued to pick up.
CIF soybean barges loaded in November were bid at 114 cents over Chicago Board of Trade November soybean futures, unchanged since Thursday.
November soybeans were offered at 122 cents over futures, up 6 cents from Thursday.
November soybean barges traded at 114 cents over futures, while last half of November barges traded at 118 cents over futures.
The US Department of Agriculture reported exporters sold 165,150 metric tons of US soybeans to unknown destinations for 2026/2027 delivery. The USDA also reported exporters sold 132,000 metric tons to unknown buyers for 2026/2027 delivery.
Many vessels that originally are registered for "unknown" destinations are eventually designated for China, according to analysts.
CIF corn barges loaded in November were bid at 95 cents over CBOT December corn futures, down 2 cents from Thursday. Barges loaded in December were bid at 101 cents over futures, up 1 cent from the previous day.
South Korea made multiple purchases of corn on Friday, traders said.
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
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