CIF/FOB Gulf Grain - U.S. Gulf soybean values mixed, corn values higher

CHICAGO, Sept. 4 (Reuters) - CIF basis bids for soybeans loaded on barges and delivered to U.S. Gulf Coast export terminals were mixed on Friday as freight costs remained high but some demand appeared to be filled, according to brokers. CIF basis bids for corn were steady to higher.

• CIF bids for soybeans fell by 11 cents for barges loaded in December, but rose by 4 cents for those loaded in September and 2 cents for barges loaded in November.
• CIF bids for corn rose by 17 cents for barges loaded in September, and 1 cent for barges loaded in October and November and 5 cents for December. They rose by 3 cents for those loaded in January.
• CIF values for soybeans and corn received support from higher freight costs, with lower water levels on the Mississippi River causing shippers to move lighter loads, resulting in fewer crops being transported through Gulf export terminals, according to brokers.
• But, an analyst said, demand at the Gulf for soybeans appeared to be slowing with plenty of supply available, pressuring values somewhat.
• Exporters sold 250,600 metric tons of soybeans to unknown destinations for 2026/2027 delivery, according to the U.S. Department of Agriculture.
• The most-active CBOT corn contract Cv1 settled down 4 cents at $5.36-3/4 per bushel.
• Most active soybeans Sv1 settled 6-1/2 cents lower to $13.09-3/4 per bushel.