CIF/FOB Gulf Grain-Corn, soybean barge bids steady to higher

CHICAGO, June 18 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals were steady to slightly higher on Wednesday, as export buyers were showing some interest - particularly for bookings later this summer, traders said.

• Support for agricultural commodities such as soybeans and corn has been underpinned by rising energy prices, fueled by escalating tensions between Israel and Iran.

• Traders await market direction from the U.S. Department of Agriculture's weekly export sales report, which will be released on Friday, a day later than usual, due to the U.S. Juneteenth holiday on Thursday.

• CIF soybean barges loaded in June had no bids, but were offered at 66 cents over Chicago Board of Trade July SN25 soybean futures. July barge loadings were bid at 70 cents over July futures, up 2 cents.

• FOB export premiums for soybeans loaded from the Gulf in June were offered steady at about 79 cents over July futures.

• For corn, CIF barges loaded in June were bid at 66 cents over CBOT July corn futures CN25, unchanged from Tuesday. July barge loadings were bid at 67 cents over futures, up 1 cent.

• FOB export premiums for corn shipped from the Gulf in June were offered at about 80 cents over CBOT July corn futures, which was steady. Premiums for July shipments were steady at about 74 cents over futures.

      pj.huffstutter@thomsonreuters.com; 313-484-5275 (w); ; For displays of CIF basis, click on the codes in brackets:
U.S. CIF Gulf soybeans GRYM
U.S. CIF Gulf corn GRYN
U.S. CIF Gulf SRW wheat GRYO
U.S. CIF Gulf HRW wheat GRYP
For displays of FOB basis, please click on the following codes in brackets:
U.S. FOB Gulf corn GRZC
U.S. FOB Gulf soybeans GRZD
U.S. FOB Gulf SRW wheat GRZE
U.S. FOB Gulf HRW wheat GRZF

LINKS Corn prices page:   cpurl://apps.cp./cms/?pageid=corn-cash-market
Wheat prices page:  cpurl://apps.cp./cms/?pageid=wheat-cash-market
U.S. barge freight                  BG/US
U.S. export sales estimates         USDA/EST
U.S. grain export summary           GRA/U
Brazil soybean export prices        SYBS
Brazil corn export prices           SYBX
Argentina grain prices              GRA/ARG
Russia grain prices                 GRA/RU