CIF/FOB Gulf Grain-Soybean barge basis firms on US export demand

CHICAGO, July 21 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were firm on Tuesday as solid export demand supported the market, traders said.

• China, the world's biggest soybean importer, has recently been an active buyer of U.S. supplies.
• Chicago Board of Trade soybean futures Sv1 pulled back after setting a two-month high on Monday due to U.S. export demand.
• Traders were watching to see if China buys U.S. corn or wheat, and monitored grain shipments from the Black Sea region.
• Russia banned the anchoring of vessels in areas that are unprotected by air defences in two ports along a key trading route for grains in the Azov Sea, a government decree showed.
• CIF soybean barges loaded in July were bid at 120 cents over CBOT August soybean futures SQ26. Barges loaded in August were bid around 117 cents over futures.
• FOB offers for August soybean shipments from the Gulf of Mexico were around 121 cents over CBOT August futures.
• CIF corn barges loaded in July were around 101 cents over CBOT September futures CN26. August corn barges were also bid at about 101 cents over futures.
• FOB export premiums for Gulf corn vessels loaded in August were about 113 cents over September futures.
• Leading South Korean feedmaker Nonghyup Feed Inc has issued an international tender to purchase up to 138,000 metric tons of animal feed corn from the U.S., South America or South Africa, according to European traders.
• South Korea's Major Feedmill Group and its partner company Cargill Agri Purina sought up to 140,000 metric tons of feed corn from South America or South Africa.