date:Jul 21, 2014
US FOB Gulf soyabean basis offers jumped to the highest levels in nearly five years on Friday on strong demand for new-crop supplies and tight autumn export capacity, traders said. Premiums for loadings in September increased by about 20 cents to $2 per bushel above Chicago Board of Trade November soyabean futures, the highest since August 2009. Existing supplies remained tight ahead of the autumn harvest while international buyers, lead by top importer China, have bought large volumes of new-cr