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Spot barge basis bids for US soybeans and corn at Gulf Coast terminals were steady to firmer on March 20 as CBOT futures fell. Farmer sales to river elevators slowed, tightening supplies for exporters.
China's soybean imports from the US in January and February were down nearly 84% year on year.
Firm Gulf basis with weak futures signals tight near-term exporter supply, but weak US export demand and cheap Brazilian beans limit upside for soybeans and corn.
longbridge.comMar 20, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
