FOB Gulf Grain-Offers flat in post-holiday lull

Dec 26 (Reuters) - Export premiums for corn, soybeans and
wheat at the U.S. Gulf Coast were largely unchanged on Thursday
in light dealings following Wednesday's Christmas holiday,
traders said.
    * Few trades were seen in the FOB or CIF markets with many
traders still on holiday and loading capacity effectively sold
out through the end of next month at most Gulf export terminals.
    * Bids for corn and soybeans were narrowly higher in the CIF
barge market, lifted by a 1 percent downturn in futures for each
commodity at the Chicago Board of Trade. But nearby FOB
offers remained scarce due to the limited loading capacity. * Export offers for the corn-ethanol byproduct dried distillers' grains, or DDGs, were said to be lower in the wake of news that China rejected 2,000 tonnes after the shipment was found to contain an unapproved genetically modified strain of corn. * U.S. soybean export demand was fading seasonally as South American supplies will be available from February. However, U.S. suppliers continue to capture some sales due to often-lengthy delays at South American ports. * Weekly USDA export sales data will be released on Friday morning, delayed by a day because of to the holiday. (Reporting by Michael Hirtzer in Chicago; editing by Jim Marshall)

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