Export premiums for soyabeans shipped from the US Gulf Coast were flat to lower on Thursday, sinking in tandem with easing CIF barge basis values and as competition from South American shipments intensified, traders said. China has booked several US soyabean cargoes this week amid profitable domestic crush margins, but the top importer is increasingly booking shipments from South America as prices there have dropped, traders said. Several Brazilian cargoes for December and January were booked this week, a trader said.
Corn export premiums were mostly steady on moderate demand and ample supplies, while weak demand capped wheat premiums. Mexico booked its smallest US corn volume in a month last week as the slumping peso reduced buying interest.
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