CIF/FOB Gulf Grain-Corn barge bids soften on farmer selling

CHICAGO, Nov 5 (Reuters) - Basis bids for corn shipped by barge to the U.S. Gulf Coast softened on Wednesday as farmer selling increased in some areas, pushing more grain into supply pipelines that feed the Gulf, traders said.

• CIF Gulf corn barges loaded in November were bid at 83 cents over Chicago Board of Trade December CZ25 futures, down 4 cents from Tuesday.

• FOB export premiums for December corn shipments were around 102 cents over futures, up 2 cents from Tuesday.

• For soybeans, CIF Gulf barges loaded in November were bid about 85 cents over CBOT November SX25 futures.

• FOB export premiums for soybeans loaded in December held steady at around 107 cents over CBOT January SF26 futures.

• Traders estimated export sales of U.S. corn in the week ended October 30 at 800,000 to 2,000,000 metric tons and soybean sales of 400,000 to 2,000,000 tons. However, the U.S. Department of Agriculture has not released its normal sales reports in recent weeks due to a government shutdown.

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