GRAINS-Soybeans extend losses to trade at 4-1/2 month low

SYDNEY, July 3 (Reuters) – U.S. soybeans edged lower on Thursday as expectations for bumper global stocks continued to weigh, although trading remained light ahead of a U.S. holiday on July 4. FUNDAMENTALS * November soybeans dipped 0.1 percent to $11.40-3/4 a bushel, having eased 0.5 percent on Wednesday. * Chicago Board Of Trade September

FOB Gulf Grain-Basis offers quietly steady ahead of holiday

CHICAGO, July 2 (Reuters) – U.S. FOB Gulf grain basis offers were unchanged after the mostly lower futures close on Wednesday with traders switching early into holiday mode ahead of Friday’s long July 4th holiday weekend. * This week’s sharply lower futures markets following bearish USDA reports amid mostly ideal weather in the Corn Belt