Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady with a firm tone on Tuesday, underpinned by steady to higher CIF barge basis values as futures prices dropped, traders said. Top importer China continued to book shipments from Brazil, mostly for near-term shipment. US prices for Pacific Northwest shipments in June and July are competitive in the world market, but Gulf prices are not, traders said.
FOB corn basis offers were flat on moderate demand and ample supplies.
Corn imports to China fell in March to the lowest since September 2013. Export premiums for soft red winter wheat were flat on dull demand, while hard red winter wheat premiums edged higher as costs for supplies delivered to Gulf elevators increased.
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