CIF/FOB Gulf Grain-Soy barge bids fall, corn mostly steady to lower
Nov 7 (Reuters) -Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals fell on Thursday, while bids for corn barge loadings were steady to lower, as farmer selling in the cash market slowed, traders said.
* Empty barge freight costs continued to fall as water levels rise, and deeper drafts are making it easier for heavier barges to move along interior rivers, brokers said. BG/US
* Cash basis bids for corn and soybeans were steady to higher at facilities across the U.S. Midwest on Thursday, signaling continued demand at processors and elevators with the harvest season winding down.
* The U.S. Department of Agriculture on Thursday confirmed private sales of 120,000 metric tons of U.S. corn to unknown destinations for delivery in the 2024/25 marketing year.
* South Korea's Feed Leaders Committee (FLC) on Thursday purchased around 65,000 metric tons of animal feed wheat to be sourced from the United States or other worldwide origins in a private deal without issuing an international tender, European traders said.
* CIF soybean barges loaded in November were bid at 89 cents over CBOT January soybean SF25 futures, down 7 cents, while December loadings were bid down 1 cent at 85 cents over January futures.
* Soybean export premiums were offered at 138 cents, down 2 cents, over futures for shipment either in the first or last half of November.
* CIF November corn barge bids were steady at 85 cents over CBOT December corn CZ24 futures, while December loadings were also steady and bid at 84 cents over futures.
* FOB Gulf offers for November corn shipments ticked down 2 cents at about 113 cents over futures.
Reporting by P.J. Huffstutter in Chicago; Editing by Mohammed Safi Shamsi
For displays of CIF basis, click on the codes in brackets: U.S. CIF Gulf soybeans GRYM U.S. CIF Gulf corn GRYN U.S. CIF Gulf SRW wheat GRYO U.S. CIF Gulf HRW wheat GRYP
For displays of FOB basis, please click on the following codes in brackets: U.S. FOB Gulf corn GRZC U.S. FOB Gulf soybeans GRZD U.S. FOB Gulf SRW wheat GRZE U.S. FOB Gulf HRW wheat GRZF LINKS Corn prices page: cpurl://apps.cp./cms/?pageid=corn-cash-market
Wheat prices page: cpurl://apps.cp./cms/?pageid=wheat-cash-market
U.S. barge freight BG/US
U.S. export sales estimates USDA/EST
U.S. grain export summary GRA/U
Brazil soybean export prices SYBS
Brazil corn export prices SYBX
Argentina grain prices GRA/ARG
Russia grain prices GRA/RU
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