date:Jul 17, 2014
US FOB Gulf soyabean basis offers were mostly firmer on Tuesday on rising demand from China for post-harvest shipments and light farmer selling following recent steep price declines, traders said. Nearby soyabean offers were unquoted due to limited available old-crop supplies and competition from cheaper South American soyabeans on the world market.
Chinese crushers have stepped up prchases of US soyabean cargoes this week for shipment in the last quarter of the year. The world's top soya impo