date:Feb 24, 2014
late March as loading capacity at Gulf elevators was sold out. Basis offers that were quoted were at a steep premium to deferred prices. Gulf exporters struggled to source enough barge shipments of soyabeans to meet nearby loading commitments as icy conditions have slowed navigation on northern sections of the river system. Basis bids for barges arriving at the Gulf by next Friday were about $1.30 per bushel above Chicago Board of Trade March futures.
Export elevators at Pacific Northwest ele