CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

CIF/FOB Gulf Grain-Soybean, corn basis values flat-lower following futures gains

By Reuters News

CHICAGO, Nov 11 (Reuters) - Basis bids for soybeans shipped by barge to US Gulf Coast export terminals were flat to lower on Wednesday on rising futures prices and quiet demand, traders said.

  • Corn barge basis bids were also steady to lower on light demand.

  • Steep corn and soybean futures rallies on Tuesday following bullish supply forecasts from the US Department of Agriculture chilled exporter buying interest and weighed on basis values.

  • Exporters are awaiting further large US soybean purchases by China as the country works toward its 25-million-metric-ton annual buying commitment. Traders estimate that Chinese government buyers have booked around 18 million to 19 million tons to date.

  • Private importers have relied on South American soy instead due to costly tariffs on US shipments. Many have already filled their immediate needs and are now looking to new-crop Brazilian shipments for shipment in the first quarter of 2027, traders said.

  • The USDA is due to release weekly export sales data on Friday, a day later than usual due to a US federal holiday this week.

  • CIF soybean barges loaded in November traded at 103 cents a bushel over Chicago Board of Trade January futures and were re-bid at 102 cents over futures, down from bids of 104 cents over futures a day earlier. December barges traded at 112 cents over futures before bids slipped to 110 cents over late in the day, steady with bids late on Tuesday.

  • FOB basis offers for soybeans loaded in December were 118 cents over futures and January loadings were offered at 120 cents over futures, both down a penny from a day earlier.

  • CIF corn barges loaded in November were bid at 94 cents over CBOT December futures, steady with trades on Tuesday. December-loaded barges were bid 99 cents over futures, down 2 cents from trades a day earlier.

  • FOB export premiums for Gulf corn vessels loaded in December dipped by a penny to 108 cents over futures.

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

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.