XM does not provide services to residents of the United States of America.

CIF/FOB Gulf Grain-Soy barge bids fall, corn mostly steady to lower



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>CIF/FOB Gulf Grain-Soy barge bids fall, corn mostly steady to lower</title></head><body>

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
</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.