FOB Gulf Grain-Corn, soy premiums steady-firm on tight capacity

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Nov 25 (Reuters) - Corn and soybean export premiums at the
U.S. Gulf Coast were mostly unchanged to higher on Monday, with
nearby values supported by limited available loading capacity
amid steady demand, traders said.
* FOB basis offers for December and January loadings at the
Gulf were at a steep premium to deferred shipping positions
because nearby elevation capacity was almost fully booked,
mostly with soybean shipments.
* December corn shipments from the Gulf were lightly offered
at around 130 cents a bushel above Chicago Board of Trade
December futures, up 10 cents from last week and more than

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30 cents higher than the same time a year ago. January shipments
were up 15 cents from last week at 105 over CBOT March.
* New corn demand was slow on Monday and the market was
expected to be less active than normal later this week due to
the U.S. Thanksgiving holiday on Thursday.
* A group of Israeli private buyers are seeking up to
100,000 tonnes of any origin corn via a tender closing on
Wednesday.
* Chinese importers inquired on Monday about January through
March shipments from the United States, a position which the
world's top soy importer has been focused on in recent weeks.
* Traders could not confirm market rumors that Chinese
importers were trying to sell back recently purchased U.S.
soybean cargoes as prices rallied.
* Concerns about heavy Brazilian port congestion and limited
elevation capacity as the earliest new-crop soybean supplies

arrive at ports in February underpinned U.S. basis values,
traders said.
* China may lower its foodgrains self-sufficiency threshold
as its urbanization drive pushes up demand for grains.

* Wheat export premiums were unchanged.
* Iranian private buyers are in the market for at least
300,000 tonnes of wheat following a weekend deal on the
country's nuclear program.

(Reporting by Karl Plume in Chicago; Editing by Diane Craft)