For soybeans, CIF barges loaded in July were bid at 122 cents over Chicago Board of Trade August soybean futures SQ26, while August soybean barges were bid at 120 cents over futures. Both were unchanged.
FOB offers for August soybean shipments from the Gulf rose 2 cents to about 123 cents over CBOT August futures.
Corn barge basis steady at the U.S. Gulf
Basis bids for corn shipped by barge to U.S. Gulf Coast terminals held steady on Friday as traders focused on active fighting between grain exporters Russia and Ukraine.
The U.S. export program for corn was top-of-mind because of uncertainty over how attacks in the war would affect grain shipments from the Black Sea region.
Renewed threats to vessels and port facilities raised fears that exporters could struggle to move crops to buyers in Africa, the Middle East and Asia. Some analysts said global demand could shift to the U.S.
Vegetable oil producer Allseeds said it was halting operations in Ukraine's southern Odesa region due to intensifying Russian attacks on port infrastructure, the third company to announce such a move recently.
Ukraine's agriculture minister denied reports of discussions of alternative mechanisms to ensure grain exports via the Black Sea ports of Odesa.
CIF corn barges loaded in July were bid at 101 cents over Chicago Board of Trade September futures CU26, and August corn barges were bid at about 100 cents over futures. Both were steady from Thursday.
FOB export premiums for Gulf corn vessels loaded in August were steady at 113 cents over September futures. Export premiums rose for loadings later in the year.