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CIF/FOB Gulf Grain-Soybean and corn barge bids rise

ReutersAug 22, 2025 9:42 PM

- Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals rose on Friday, traders said, as hopes increased for demand from top-importer China.

  • Corn bids also firmed.

  • Rumors that China was inquiring about U.S. soybeans supported Chicago Board of Trade futures prices, generating hope that China could end months of avoiding U.S. supplies amid a trade war with Washington.

  • There was no clear evidence of any purchases.

  • China has been buying soybeans from Brazil, the world's biggest exporter of the oilseed, and has not yet made confirmed purchases of U.S. soy from the upcoming harvest in an unusual delay.

  • China may need to turn to the U.S. for some supplies for October, November or December, a trader said.

  • Shippers have recently been cautious about the U.S.-China trade dispute while their capacity has been filling up with demand from other importers that are less traditional buyers, another trader said.

  • CIF Gulf soybean barges loaded in August were bid at 49 cents over Chicago Board of Trade November SX25 futures, up 4 cents. Bids also firmed on Thursday.

  • FOB export premiums for soybeans shipped from the Gulf in the first half of September were about 90 cents over November SX25 futures. Premiums rose for October and November shipments.

  • For corn, U.S. export demand remains robust.

  • Exporters sold 119,769 metric tons of U.S. corn to Costa Rica and 140,452 metric tons of U.S. corn to Spain, all for delivery in the 2025-26 marketing year, the U.S. Department of Agriculture said.

  • CIF Gulf corn barges loaded in August were bid at about 84 cents over CBOT September CU25 futures, up 4 cents.

  • FOB export premiums for corn shipped from the Gulf in September were around 132 cents over September futures.

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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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