FOB Gulf Grain-Soy basis firms, corn/wheat steady

CHICAGO, May 15 (Reuters) – U.S. FOB Gulf soybean basis offers were 5 cents a bushel firmer for old-crop loadings and 1-2 cents firmer for new-crop loadings after futures dropped sharply on Thursday, traders said. * Corn and wheat basis offers were steady after futures fell on profit-taking. Exporters said inquiries for corn were still






GRAINS-Wheat falls, extends 7-day losses to 6.7 pct

SYDNEY, May 15 (Reuters) – U.S. wheat futures fell for a seventh consecutive session on Thursday as the grain continued to come under sustained pressure from forecasts for ample global stocks. FUNDAMENTALS * Chicago Board Of Trade July wheat fell 0.1 percent to $6.89-1/4 a bushel, having closed down 2.7 percent on Wednesday, its biggest




GRAINS-Soybeans extends 2-day gains to nearly 1.5 pct

SYDNEY, May 14 (Reuters) – U.S. soybean futures edged higher on Wednesday after rising more than 1 percent in the previous session as concerns over tight domestic stocks support prices ahead of a widely watched industry report this week. FUNDAMENTALS * Chicago Board of Trade July soybeans rose 0.1 percent to $14.85 a bushel, having