CIF Gulf Grain-Corn, soy bids steady to firm on slow loadings

Your Reading List

Dec 10 (Reuters) - Basis bids for corn and soybeans shipped
by barge to the U.S. Gulf Coast were steady to firm early on
Tuesday, supported by a slowdown in loadings.
* Spot CIF bids for wheat were steady but bids for deferred
months strengthened.
* Dealers said the cold snap and snow that hit the U.S.
Midwest during the last few days was causing some delays in
moving grain from terminals onto the barges.
* More time than usual was needed to clear ice from grain
chutes and prevent accidents.
* A dealer on the lower Ohio River said workers at his

Read Also

It's Your Business: Canola, soybean strength could be short-lived
Spillover from a rising CBOT soy complex has helped push ICE canola futures higher, offering a reprieve — for now, at least — from seasonal harvest pressure and the absence of demand from China.

facility loaded just three barges on Monday, below expectations
for six or seven.
* Traffic was moving nicely on rivers once the barges were
loaded due to rising water levels, the dealer added.
* CIF basis bids for soybean barges loaded in December were
105 cents over Chicago Board of Trade January futures,
unchanged from Monday afternoon. First-half January loadings
also were bid at a 105 over, 1 cent higher than Monday
afternoon.
* CIF basis bids for corn barges loaded in the first half of
December were unchanged at 69 cents per bushel over CBOT March
futures while last-half December bids rose 3 cents to 73
over.
* CIF basis bids for soft red winter wheat barges loaded in
the first half and last half of December held steady at 97 cents
over CBOT March futures.

To check displays of CIF basis, double-click on following:
U.S. CIF Gulf soybeans

U.S. CIF Gulf corn
U.S. CIF Gulf SRW wheat
U.S. CIF Gulf HRW wheat

LINKS:
* FOB U.S. Gulf Coast Grain
* U.S. grain export summary
* Brazil soybean export prices
* Brazil corn export prices
* U.S. barge freight

(Reporting by Mark Weinraub; Editing by Marguerita Choy)