Soybean barge basis firms at US Gulf as China export demand holds
Reuters reports Gulf soybean barge bids edged up on steady China exports, while corn bids fell and USDA weekly inspections matched expectations.
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what happened
According to Reuters, basis bids for soybeans shipped by barge to the US Gulf Coast edged higher on Monday, supported by a brisk pace of shipments to China. Corn barge bids, by contrast, declined.
The US Department of Agriculture said soybean export inspections for the week to October 29 reached 2,444,828 metric tons, in line with trade expectations. Nearly half of that volume left through the Gulf. The agency also confirmed private sales of 136,000 tons of US soybeans to China and 1,729,740 tons of US corn to Mexico.
why it matters
For the market, this mainly confirms steady Chinese demand for US grain. The USDA figures broadly matched trader forecasts, so no sharp moves are expected. Soybean harvesting is running ahead of the five-year average while corn lags, which could affect shipments in the coming weeks.
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sources
- Soy barge bids firm as exports to China continue — Reuters, 3 November 2026 at 01:30 UTC
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