date:Aug 20, 2014
US FOB Gulf soyabean basis offers firmed late on Monday as exporters pushed their bids to entice farmers to sell any remaining old-crop beans and book new-crop sales out of the South to help meet nearby commitments, traders said. FOB corn and wheat basis values were steady with exporters comfortable with letting lower futures uncover fresh business.
Gulf September soyabean offers rose 10 cents to 245 cents over CBOT November futures as exporters and processors scrambled to source nearby beans.