Bids for barges of corn bound for the US Gulf weakened with cash prices on Thursday, traders said. Soyabean bids remained mostly stable. Bids for early September CIF corn barges were down about 4 cents from Wednesday to 20 cents above the Chicago Board of Trade December futures contract. Spot FOB offers were about 40 cents over CBOT December futures for early September loadings.
CIF soyabean barges loaded in September were bid at about 40 cents over CBOT November futures, up about 1 cent from Wednesday. Spot FOB offers for soyabeans were steady at about 75 cents over futures. CIF hard red winter wheat bids were stable at 145 cents over the K.C. December contract. FOB basis offers for September loadings from the Texas Gulf were unquoted, while October vessels were offered at 170 cents over December futures.
September barges of soft red winter wheat were bid around 30 cents over CBOT December futures and spot FOB offers at the Gulf were about 55 cents over December futures.