Chicago Board of Trade corn, soybean and wheat futures set contract highs on Wednesday as a media report said Russia may escalate its attacks on Ukraine. Both countries are major grain exporters.
CIF basis bids for corn barges loaded in August were flat at 80 cents a bushel over CBOT September CU26 futures. Basis bids for September barges remained around 95 cents over futures.
FOB corn export premiums were around 112 cents over futures for shipment in the first half of September and around 111 cents over futures for shipments in late September.
For displays of CIF basis, click on the codes in brackets:
U.S. CIF Gulf soybeans GRYM
U.S. CIF Gulf corn GRYN
U.S. CIF Gulf SRW wheat GRYO
U.S. CIF Gulf HRW wheat GRYP
For displays of FOB basis, please click on the following codes in brackets:
CHICAGO, Aug. 26 (Reuters) - Basis bids for soybeans loaded on barges and delivered to U.S. Gulf Coast terminals were flat to lower on Wednesday as export demand remained solid.
Traders said there was unconfirmed talk that China bought more U.S. soybeans.
Exporters sold 333,000 metric tons of U.S. soybeans to China for delivery in the 2026/27 marketing year, the U.S. Department of Agriculture confirmed in its daily reporting system.
The USDA on Thursday is scheduled to issue export sales data for the week that ended on August 20. Analysts expect weekly 2026-27 sales of 1.5 million to 3 million metric tons for soybeans and of 600,000 to 1.6 million metric tons for corn, according to a Reuters poll.
CIF soybean basis bids for barges loaded in August were 1 cent lower at 106 cents over CBOT November SX26 futures.
October barges traded at 108 cents over futures, down 2 cents from where they traded on Tuesday.
FOB basis offers were around 125 cents over futures for soybeans loaded in early September and late September.
SOYB•
