date:Aug 08, 2014
US FOB Gulf soyabean basis offers were steady to firm on Wednesday afternoon, with November-December-January values up 5 to 6 cents a bushel on steady Chinese demand, traders said. FOB Gulf corn and wheat values were steady as futures climbed after Russia announced a ban on agricultural imports. Even though Russia is a big wheat exporter the mere mention that the world grain trade could be affected by the political turmoil in the Black Sea region, triggered a short-covering rally in US grains fu