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CIF/FOB Gulf Grain-Soybean, corn barge bids steady



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July 16 (Reuters) -Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were generally steady on Tuesday, traders said.

* Corn FOB premiums in Ukraine have been turning higher, with Ukraine corn basis now being quoted more than $1 a bushel over Chicago Board of Trade corn futures as supplies tighten ahead of harvest, two traders said.

* Ukraine's 2024 corn yield could fall by 30-35% because of extreme heat and drought, the county's major agricultural producers group, the Ukrainian Agrarian Council, said on Tuesday.

* Traders said some Chinese buyers were actively seeking soybean shipments loaded in November. Reuters was not able to confirm any sales or sale inquiries.

* The U.S. soy crush declined in June and fell below most trade estimates but was still the highest on record for the sixth month of the year, according to National Oilseed Processors Association (NOPA) data released on Monday.

* Egypt's state grains buyer bought 770,000 metric tons of mostly Russian wheat in an international tender, marking its biggest single purchase since 2022 following a dip in Russian prices. The purchase is comprised of 50,000 metric tons of Bulgarian wheat and 720,000 metric tons of Russian wheat, the General Authority for Supply Commodities (GASC) said.

* CIF corn barges loaded in July were bid around 63 cents over Chicago Board of Trade September CU24 corn futures, steady from Monday. Barges loaded in August were bid about 65 cents over futures, also steady.

* FOB offers for corn shipments loaded from the Gulf in August were steady at around 76 cents over September futures.

* CIF soybean barges loaded in July were bid at 75 cents a bushel over CBOT August SQ24 futures, steady from Monday. Bids for August barge loadings were 59 cents over futures, traders said.

* FOB export premiums for soybean shipments loaded from the Gulf in August were steady at around 95 cents over CBOT August futures.



Reporting by P.J. Huffstutter; Editing by Maju Samuel

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
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