CIF/FOB Gulf Grain-Soy and corn basis bids sag, traders monitor US-China dispute

CHICAGO, Oct 14 (Reuters) - Spot basis bids slipped for soybeans and corn shipped by barge to U.S. Gulf Coast terminals on Tuesday, traders said, as they monitored tense relations between Washington and Beijing.

• U.S. President Donald Trump said he believed China was committing an "Economically Hostile Act" by not buying U.S. soybeans. He added in a social media post that Washington was considering terminating some trade ties with China, including in relation to cooking oil.

• China, the world's biggest soy importer, officially started collecting special port fees from U.S.-owned, operated, built, or flagged vessels, according to state broadcaster CCTV.

• China has bought South American soybeans during its trade war with Washington and not purchased crops from the autumn U.S. harvest.

• The U.S. Department of Agriculture reported 994,008 metric tons of U.S. soybeans were inspected for export in the week that ended last Thursday, which was toward the top of analysts' estimates. With China missing, major destinations included Spain and Bangladesh.

• October soy barges traded at 73 cents over Chicago Board of Trade November SX25 futures and 76 cents over futures, traders said.

• CIF basis bids for October soybean barges fell 3 cents to about 70 cents over CBOT November SX25 futures. November barges were bid at 72 cents over futures, which was flat.

• FOB export premiums for October-loaded soybeans were unchanged at about 78 cents over futures.

• For corn, October barges traded at 79 cents over CBOT December CZ25 futures, while December barges traded at 80 cents over futures, traders said.

• CIF corn basis bids for October barges were down 3 cents at about 77 cents over December CZ25 futures. November barge loadings were bid 2 cents lower at 78 cents over December futures.

• FOB export premiums for October corn shipments eased 3 cents to about 94 cents over futures.

• Weekly U.S. corn export inspections were 1.1 million metric tons, below analysts' expectations.