Export premiums for corn were flat at the US Gulf Coast on Friday as demand remained lackluster while some early harvested supplies entered the pipeline, traders said. Soyabean and wheat premiums also steady, underpinned by tight supplies and with buyers reluctant to purchase shipments after Thursday's rally in futures.
HRW wheat and corn premiums were higher for the week on support from thin stocks and expectations of a smaller corn harvest and fewer wheat acres due to drought in the southern US Plains. Traders were optimistic that the United States would win a Saudi Arabian tender for 660,000 tonnes of hard wheat, with results likely to be announced on Monday.
Soyabean premiums ended the week nearly unchanged as top buyer China stayed on the sidelines and demand remained seasonally slow from other importers. The early corn harvest was under way in mid-South states of Tennessee and Arkansas, with yields reportedly good and disease pressure low, traders said.
Algeria's state grains agency OAIC bought around 500,000 tonnes of optional-origin milling wheat at about $303-$304 a tonne, including cost and freight, European traders said on Friday. Shipments are planned for October and the wheat will likely come from France.
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