Corn and soyabean export premiums at the US Gulf Coast held mostly steady on Friday, with markets staying quiet following the Thanksgiving holiday in the United States, traders said. US corn export sales last week were 958,600 tonnes, well above analysts' estimates for 300,000 tonnes to 450,000 tonnes, the US Department of Agriculture said on Friday.
"We're hearing more and more that the world (corn) supplies are getting a little more exhausted," said Jason Britt, president of Central States Commodities. Corn offers have strengthened in deferred months, approaching offers for nearby months due to concerns about potential shipping restrictions on the Mississippi River due to low water levels, a trader said.
Private exporters struck deals to sell 20,000 tonnes of US soyabean oil to unknown destination for delivery during the 2012/13 marketing year, the USDA said. Weekly US soyabean export sales of 543,600 tonnes were within expectations, and US wheat export sales of 657,500 tonnes were above estimates for 200,000 tonnes to 400,000 tonnes. Brazilian buyers may have made a rare purchase of German wheat in response to lower supply from its main source Argentina, European traders and analysts said on Friday.
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