# Weekly Grain Movement -  Jan 3, 2017

> Farm Futures reports that soybean buyers at the US Gulf need supplies for incoming vessels, supported by December sales mainly to China. January Gulf soybean bids were about 47 over CBOT January, and farmer selling of old-crop corn remained slow. South American soybeans are expected to arrive by late January or February, which should ease Gulf demand.

- Date: 2017-01-03 · published 2017-01-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72897-weekly-grain-movement-jan-3-2017
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong near-term Gulf demand supports soybean and corn basis, but expected South American supply in February points to a weaker spread later in the crop year.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weekly-grain-movement-jan-3-2017

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