FOB Gulf Grain-Corn, soy premiums flat; corn demand strong

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Reuters
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Published: December 11, 2013

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Dec 11 (Reuters) - Export premiums for corn and soybeans
held steady at the U.S. Gulf Coast on Wednesday.
    * Traders said the corn market had a firm tone due to rising
demand from overseas buyers.
    * For soybeans, most exporters had enough supplies to fill
their needs for December and January. 
    * Some buyers were looking for soybean supplies for February
but others were hoping that supplies from South American
countries would be available by then.
    * There were no wheat offers on the spot market due to tight
space on barges, a trader said. 
	

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* Egypt's GASC bought 300,000 tonnes of Romanian and French wheat for Jan 10-20 shipment. Prices ranged from $310.90 to $319.46 per tonne on a cost and freight basis. * The U.S. Agriculture Department said that private exporters reported the sale of 120,000 tonnes of U.S. corn to unknown destinations for delivery in the 2013/14 marketing year. * The Taiwan Sugar Corp has issued an international tender to buy 23,000 tonnes of U.S.-origin corn and 12,000 tonnes of U.S.-origin soybeans. Shipment was sought from the U.S. Gulf between Jan. 30 and Feb. 13 or from the U.S. Pacific North West coast between Feb. 14 and Feb. 28. (Reporting by Mark Weinraub; Editing by Marguerita Choy)

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