March 25 (Reuters) - Soybean export premiums at the U.S. Gulf Coast eased on Monday on weak demand for old-crop supplies, although tight stocks of the oilseed prevented prices from falling more sharply, traders said. * Less expensive South American soybeans were attracting the bulk of near-term demand despite loading delays at Brazilian ports of up to 60 or 65 days. * Offers for nearby soy shipments from the Gulf were at least $28 per tonne FOB higher than spot shipments from Brazil's Paranagua port, Reuters data showed. * Top importer China continued to shop for new-crop U.S. soybeans, although traders could not confirm any fresh purchases. * The U.S. Agriculture Department early on Monday confirmed private sales of 234,000 tonnes of U.S. soybeans to China for 2013/14 marketing year delivery.ID:nL2N0CH0FB WHEAT, CORN * Soft red winter wheat export premiums at the Gulf were lower on weak export demand for the lower protein grain. * Egypt is unlikely to be able to buy more wheat at international tenders until at least the end of June, despite dangerously low stockpiles. SRW would have been in a strong position to capture Egyptian business.ID:nL5N0CH38X * Hard red winter wheat FOB basis offers at the Gulf were mostly steady to weak, capped by a lull in export demand. * Australian wheat was offered at a considerable discount to rival origins in an Iraqi wheat tender which closed on Sunday.ID:nL5N0CH18V Iraq has yet to make a purchase, but traders said it was unlikely it would buy U.S. wheat due to the wide price discrepancy. * A weekend snowstorm dumped more than a foot of snow in Kansas and other sections of the Plains wheat belt, choking off grain movement on Monday. Cold weather raised concerns about damage to some more mature fields.ID:nL2N0CH1PS * U.S. Gulf corn export premiums were flat on sluggish export demand due to uncompetitively high prices. * Spot offers for Brazilian corn at Paranagua port were about $16 per tonne below U.S. Gulf prices, on a FOB basis, according to Reuters data. Argentine new-crop prices were at least $40 per tonne lower, traders said. To check displays of FOB basis, please double-click on the following codes in brackets: U.S. FOB Gulf cornGRZC U.S. FOB Gulf soybeansGRZD U.S. FOB Gulf SRW wheatGRZE U.S. FOB Gulf HRW wheatGRZF LINKS * FOB U.S. Gulf GrainGRA/F * U.S. grain export summaryGRA/U * Brazil soybean export pricesSYBS * Brazil corn export pricesSYBX * Argentine grain pricesGRAIN/ARG * Russian grain pricesGRAIN/RU (Reporting by Karl Plume in Chicago; Editing by David Gregorio) ((karl.plume@thomsonreuters.com)(+1-312-408-8704)(Reuters Messaging: karl.plume.thomsonreuters.com@reuters.net)) ((For help: double-click "Contact Us" on your desktop, double-clickHELP or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products. For client training: training.americas@thomsonreuters.com)) Keywords: MARKETS GRAINS/FOB
FOB Gulf Grain-Soybean premiums weak on sluggish nearby demand
March 25, 2013




















