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CIF/FOB Gulf Grain-Soybean barge bids firm ahead of USDA reports



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March 30 (Reuters) -Basis bids for soybeans shipped by barge to the U.S. Gulf Coast firmed on Thursday, and corn eased, as investors prepared for a pair of key U.S. crop reports due on Friday from the U.S. Department of Agriculture (USDA), traders said.


* Traders await the USDA's planting intentions and quarterly stocks reports due on Friday.

*The USDA on Thursday confirmed private sales of 178,000 tonnes of U.S. corn to China for delivery in the 2022/23 marketing year that began Sept. 1, 2022.

* Rates for empty barges on Midwest Rivers were steady to mixed, with spot rates ticking slightly up on Mississippi River at St. Paul to Savage, Minnesota; at McGregor, Iowa; and at Davenport and South.

* Grain trader Archer Daniels Midland Co ADM.N said on Thursday its footprint in Russia remains extremely limited.

* Global grain trader Viterra's management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian office, Nikolai Demyanov, told Reuters on Thursday.

* CIF Gulf soybean barges loaded in March were bid at 111 cents over CBOT May futures SK3, up 4 cents from Wednesday. April soy barges down 1 cent at 99 cents over futures.

* FOB basis offers for April soybean export loadings were around 118 cents over futures, up 1 cent from Wednesday; May offers were steady at around 111 cents over futures.

* For corn, CIF barges loaded in March were bid at 94 cents over CBOT May CK3 futures, down 1 cent, while April corn barges were bid down 1 cent at 93 cents over futures.

* FOB basis offers for April corn export loadings were offered at 105 cents over futures, up 1 cent from Wednesday, while May loadings were steady at around 100 cents over futures.



Reporting by P.J. Huffstutter; Editing by Shilpi Majumdar

For displays of CIF basis, click on the codes in brackets: U.S. CIF Gulf soybeans GRYM U.S. ClF Gulf corn GRYN U.S. CIF Gulf SRW wheat GRYO U.S. CIF Gulf HRW wheat GRYP For displays of FOB basis, please click on the following codes in brackets: U.S. FOB Gulf corn GRZC U.S. FOB Gulf soybeans GRZD U.S. FOB Gulf SRW wheat GRZE U.S. FOB Gulf HRW wheat GRZF LINKS Corn prices page: cpurl://apps.cp./cms/?pageid=corn-cash-market
Wheat prices page: cpurl://apps.cp./cms/?pageid=wheat-cash-market
U.S. barge freight BG/US
U.S. export sales estimates USDA/EST U.S. grain export summary GRA/U Brazil soybean export prices SYBS Brazil corn export prices SYBX Argentina grain prices GRA/ARG Russia grain prices GRA/RU
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