Global markets for grains and oilseeds

According to traders, basis prices for soybeans delivered by barge on the U.S. Gulf Coast remained virtually stable on Wednesday as China increased purchases from the U.S. and futures rose. On Wednesday, Chinese importers again inquired about prices, but traders could not confirm any additional sales. Demand from importers, apart from China, remained low as Brazilian soybeans were available at lower prices. According to a trader, January shipments from Brazil were approximately 50 cents per bushel cheaper on a free-on-board (FOB) basis. Basis prices for barges with soybeans on a cost, insurance, and freight (CIF) Gulf basis in November were not quoted. Prices for December delivery barges remained stable, around 70 cents per January futures on the Chicago Mercantile Exchange, while in the second half of December, barge prices remained stable at 76 cents per futures. Prices for January delivery barges remained unchanged at 83 cents per futures. Export premiums for soybeans with ...