CIF/FOB Gulf Grain-Corn, soybean barge bids rise amid river worries
Aug 20 (Reuters) -Spot basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast increased on Tuesday, trader said.
* Low water levels raised concerns about slower barge shipments on parts of the Mississippi River.
* Barge freight costs for deferred shipments have climbed recently amid worries about risks for a third straight year of harvest-season transportation disruptions, traders said.
* Export demand for U.S. soybeans has picked up, as the U.S. Department of Agriculture reported sales to China and Mexico in its daily reporting system. On Monday, USDA confirmed U.S. soy sales to China and unknown destinations.
* CIF Gulf corn barges loaded in August were bid 4 cents higher at about 60 cents over CBOT September CU24 futures. September corn barges were bid 4 cents higher at 72 cents over futures.
* FOB Gulf September corn export premiums were up 6 cents at around 88 cents over CBOT September corn futures. October export premiums were steady at 81 cents over CBOT December futures CZ24.
* CIF Gulf soybean barges loaded in August were bid 8 cents lower at about 65 cents over CBOT November SX24 soybean futures. September soybean barge bids were 4 cents higher at 64 cents over futures.
* FOB soy export premiums for early September loading at the Gulf were about 110 cents over November futures, up 2 cents. Last-half September shipments were offered steady at around 90 cents over futures.
Reporting by Tom Polansek; Editing by Mohammed Safi Shamsi
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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