date:Jul 24, 2014
US FOB Gulf wheat basis values were steady to firm after the close on Tuesday with Egypt's GASC tendering for September offers overnight while corn and soyabean basis offers were steady to lower, receding from the gains of the last week, traders said. GASC is seeking offers for September 1-10 loading in its first tender since July 9 when it bought 240,000 tonnes of Romania wheat for last half August shipment.
With the US winter wheat harvest pushing toward completion SRW prices are competitive