CIF/FOB Gulf Grain-Soybean barge basis slumps in nearby loadings; corn firms
Soybean barge basis bids to the U.S. Gulf Coast fell due to price volatility and uncertain Chinese demand, while corn basis bids firmed. December corn futures hit a five-month high ahead of USDA reports. Taiwan bought 65,000 tons of U.S. corn. River freight costs remain steady amid tight barge supplies.
Reuters·