CIF/FOB Gulf Grain-Soybea, corn barge basis steady-firm as futures drop
CHICAGO, March 27 (Reuters) - Spot basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were steady to firmer on Friday as futures values declined.
Chicago Board of Trade corn Cv1 and soybean Sv1 contracts ended lower on Friday and finished down slightly in the week.
CIF Gulf corn barges loaded in March were bid a penny higher at 87 cents over CBOT May CK26 futures. April barge bids were steady at 85 cents over futures.
FOB corn offers for vessels loaded in April were unchanged around 96 cents over futures..
For soybeans, CIF Gulf barges loaded in March were bid at 71 cents over CBOT May SK26 soybean futures, steady with Thursday. April soy barge bids were up a penny at 74 cents over futures.
FOB export premiums for April soybean vessels were around 92 cents over futures, unchanged. Soybean export buyers were side-lined by volatile grain and crude oil futures markets since the Iran conflict began, one trader said.
