CIF Gulf corn and soya steady

30 Sep, 2008

US Gulf CIF corn and soyabean basis values held steady Monday amid little fresh export demand and tight supplies of empty barges, trader said. Declines in crude oil and a stronger US dollar seen pressuring CBOT grains, with corn called to open down 12 to 15 cents a bushel, soyabeans down 25 to 30 cents and wheat down 15 to 17 cents.
Traders expecting USDA late Monday to report US corn harvest at 12-14 percent complete, soyabeans 2-4 percent complete. Jordan tenders to buy 100,000 tonnes of hard wheat.

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