# Soybean barge bids mixed to lower; corn bids ease

> Soybean basis bids for barge loadings to the U.S. Gulf were mixed to lower as soybean futures hit their weakest level on demand concerns and strong Midwest crop prospects. Corn barge bids eased as Mississippi River levels crested and began falling, and traders watched weaker-than-expected Chinese second-quarter GDP.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7097-soybean-barge-bids-mixed-to-lower-corn-bids-ease
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Gulf basis and falling futures reduce the cost of US feed grains and soybean ingredients for buyers, while weak Chinese growth points to softer import demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3J70KD:0-soybean-barge-bids-mixed-to-lower-corn-bids-ease/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.