CIF/FOB Gulf Grain-Corn basis bids steady-higher, soy steady-lower

CHICAGO, Oct 3 (Reuters) - Basis bids for corn shipped by barge to U.S. Gulf Coast terminals were steady-to-higher on Friday, while nearby soybean bids were generally steady, amid growing uncertainty over future Chinese export demand, traders said.

• CIF Gulf soybean barges loaded in September were steady at 62 cents over CBOT November SX25 futures; October barges were bid at 62 cents over futures, also steady from Thursday.

• FOB export premiums for October-loaded soybeans were steady at 70 cents over futures.

• CIF basis bids for October corn barges were up 4 cents at 82 cents over Chicago Board of Trade December CZ25 futures.

• FOB export premiums for October corn shipments were steady at 95 cents over futures.

• U.S. soybean futures Sv1 closed lower on Friday as pressure from a fast-advancing U.S. harvest offset early-session support from hopes that upcoming U.S.-China talks could revive stalled soybean trade.

• U.S. Treasury Secretary Scott Bessent on Thursday predicted a "pretty big breakthrough" from the Trump-Xi talks while also flagging U.S. government aid for soybean farmers.

• Soybean cash basis bids were mostly steady-to-higher at processors and river terminals in the U.S. Midwest on Friday as grain dealers sought to buy supplies from farmers who are harvesting their fields.

• The Taiwan Flour Millers' Association purchased an estimated 80,550 metric tons of milling wheat to be sourced from the United States in an international tender on Thursday, European traders said Friday.

• Low water levels on interior rivers continues to create delays and keep empty barge freight rates elevated, market analysts said. BG/US

• A representative of the Federal Grain Inspection Service (FGIS), part of the U.S. Department of Agriculture, told Reuters on Thursday that the U.S. weekly inspection report is expected to be released on Monday. The numbers show the amount of each commodity inspected by FGIS for export from U.S. ports.

• Many USDA data reports have been suspended due to a federal government funding lapse.

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