CIF/FOB Gulf Grain-US Gulf soybean bids steady to higher

By Reuters News

CHICAGO, Sept 25 (Reuters) - Basis bids for soybeans shipped by barge to the US Gulf Coast were flat to higher on Friday as market players watched to see if US-China trade talks would produce agricultural trade deals. GRA/

  • Prices also came under pressure from early losses in corn and soybean futures after a US-China summit failed to immediately deliver concrete announcements on additional Chinese purchases of American crops, analysts said. GRA/

  • The United States is expected to release details on the outcome of trade negotiations with China on Monday, US Trade Representative Jamieson Greer said on Friday.

  • US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday but there was little sign of a breakthrough on a host of sensitive issues.

  • At the Gulf, bids for CIF soybean barges loaded in October rose 6 cents to $1.00 over Chicago Board of Trade November soybean futures, and bids for October soy barges were $1.09 over futures.

  • CIF Gulf corn basis bids were largely steady. Barges loaded in September were bid 59 cents over CBOT December futures and offered around 70 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

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

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.