CIF/FOB Gulf Grain-Corn, soybean barge bids firm as spot barge supplies tighten

CHICAGO, Nov 12 (Reuters) - Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast firmed on Wednesday, as availability of barges in nearby loading positions tightened in some markets, traders said.

• CIF Gulf soybean barges loaded in November were bid at 70 cents a bushel over Chicago Board of Trade January SF26 futures, up 8 cents from Tuesday.

• FOB export premiums for soybeans loaded in December were steady at around 103 cents over CBOT January SF26 futures.

• CIF Gulf corn barges loaded in December traded at 84 cents over CBOT December CZ25 futures.

• Meanwhile, November corn barge bids were up 3 cents at 79 cents over December futures.

• FOB export premiums for December corn shipments were at around 97 cents over futures — steady from Tuesday.

• Spot basis bids for corn and soybeans delivered to U.S. Midwest processing plants and barge-loading river elevators were mostly steady to higher on Wednesday, as farmer selling slowed, brokers said.

• Meanwhile, U.S. soybean futures ticked up as traders adjusted positions ahead of the release of official U.S. data on global supply and demand on Friday, the first update in weeks, but prices were capped by a lack of large Chinese purchases. GRA/

• Spot river freight costs were steady to higher on Wednesday on tighter available supplies of barges. BG/US