CIF/FOB Gulf Grain-Soybean basis values tick down as cargoes confirmed sold to China

CHICAGO, Aug. 3 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals ticked down on Monday as the U.S. Department of Agriculture reported exporters sold beans to China and futures turned higher.

• The USDA confirmed private sales of 488,000 metric tons of U.S. soybeans for shipment to China and an additional 136,150 tons of soybeans to unknown destinations — both for delivery in the 2026/27 marketing year.
• Reuters reported on Friday that Chinese government buyers purchased at least eight cargoes of U.S. soybeans for shipment from U.S. Gulf Coast terminals and six cargoes for shipment from Pacific Northwest ports in October and November, citing two U.S. traders with knowledge of the deals.
• CIF soybean barges loaded in September were bid at 100 cents over Chicago Board of Trade November soybean futures SX26, while October barges were bid at 105 cents over the CBOT November contract.
• CIF corn barges loaded in August were bid at 101 cents over CBOT September futures CU26. September corn barge bids were at 114 cents over futures.