Global grain and oilseed markets

According to dealers, on Monday, spot prices for corn and soybeans remained mostly unchanged and declined at elevators and processing plants in the U.S. Midwest under pressure from expectations of a large U.S. harvest and sufficient supplies. According to traders, basis rates for soybean barges delivered to terminals on the U.S. Gulf Coast remained under pressure on Monday due to a lack of demand from China amid the trade dispute between Washington and Beijing. Traders are concerned that Washington and Beijing may need months to agree on a trade deal that could open the door for U.S. soybean shipments to China, the world's largest importer of oilseeds. Barges with soybean beans on CIF Gulf terms, loaded in August, were offered at a price of 39 cents above November futures on the Chicago Mercantile Exchange, which remained unchanged after the price drop on Friday. September lots were offered at a price of 41 cents above November futures, down by 4 cents. Soybean futures on the ...