US FOB Gulf corn, soyabean offers steady

Export premiums for corn and soyabeans shipped from the US Gulf Coast were mostly steady on Friday, underpinned by tight nearby loading capacity and moderate demand, traders said.
Wheat export premiums were steady to firm as foggy conditions delayed loadings at Gulf Coast ports and as weather-related rail shipping delays to Pacific Northwest ports further slowed US exports.
Egypt's GASC bought 60,000 tonnes of Ukrainian wheat via a tender on Friday. No US wheat was offered in the tender.
Taiwan and South Korea each bought US wheat via tenders on Friday.
The US Department of Agriculture on Friday confirmed private sales of 126,312 tonnes of old-crop US corn to unknown destinations.
Soyabean import purchases by China are increasingly shifting to new-crop South American supplies. China's buying is also slowing ahead of the Lunar New Year holiday, which begins in a week.
February corn shipments from the Gulf were offered around 66 cents a bushel over Chicago Board of Trade March futures, which closed 3-1/2 cents higher at $3.69-3/4 a bushel.
FOB basis offers for February shipments of soyabeans were 48 cents a bushel above CBOT March futures, which closed 2-3/4 cents lower at $10.67-1/2 per bushel.
Offers for February soft red winter wheat shipments were about 70 cents over March futures, which closed 7-3/4 cents higher at $4.28-1/4 a bushel.
Spot hard red winter wheat shipments were 130 cents over March futures, which closed 3/4 cent lower $4.43 a bushel.