US Gulf soybean bids lower; export premiums flat
SOYB•Basis bids for soybeans shipped by barge to the US Gulf were lower on Monday, while export premiums were flat. October CIF soybean barges traded at 92 cents over CBOT November soybean futures.
1. Soybean bids and futures
Basis bids for soybeans shipped by barge to the US Gulf were lower on Monday, while export premiums were flat, brokers said. October CIF soybean barges traded at 92 cents over CBOT November soybean futures. November soybeans settled 2-1/2 cents higher at $12.80-3/4 a bushel after reaching a five-week low in the previous session.
2. Markets watch crop report
Grain traders are watching US weather forecasts and harvest progress reports ahead of a monthly USDA crop supply and demand report due Friday. December corn fell 1/2 cent to $4.97-1/4 a bushel after earlier reaching its lowest point in 6-1/2 weeks.
