Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were unchanged to higher on Friday, underpinned by steady demand from China and weakening futures prices, traders said.

CIF corn basis bids were steady to firm.

Chinese state-owned importers have been booking regular purchases in recent days for shipment in early 2026, while private importers continued to book Brazilian supplies due to lower prices, traders said.

The U.S. Department of Agriculture on Friday confirmed private sales of 134,000 metric tons of U.S. soybeans to China for 2025/26 marketing year shipment, the latest in a string of daily sales announcements to the top soy importer.

The USDA updated its release schedule for a backlog of weekly export sales reports on Friday. Its next report, for the week ending December 4, is due out on Monday.
Source: Reuters