date:Mar 13, 2014
FOB US Gulf grain basis values held on Tuesday on tight supplies and high freight costs given a long winter of logistical snarls moving commodities by barge and rail to export terminals, exporters said. While soyabean basis offers were unchanged, old-crop Chicago Board of Trade futures fell on concerns about Chinese demand.
CBOT May closed 5-3/4 cents lower at $14.13 a bushel, falling 44-3/4 cents since Friday's close. Exporters were uneasy that China might cancel US purchases, especially afte