Soybean, corn barge bids ease; USDA data awaited

(.) CHICAGO, Sept 29 (Reuters) — Basis bids for soybeans and corn shipped by barge to the US Gulf Coast were lower on Tuesday as traders turned their attention to coming US stocks data and a rain-soaked harvest in parts of the Midwest. GRA/ FOB export premiums remained steady. The results of last week's US-China summit underwhelmed the market and drove down prices. The decline encouraged bargain buyers to emerge before the US Department of Agriculture issues a quarterly stocks report on Wednesday, traders said. They also adjusted positions before the end of the month and quarter. US farmers harvested 17% of the soybean crop and 18% of the corn crop as of Sunday, USDA said after grain trading ended on Monday. That matched five-year averages but was below analysts' expectations of 20% for both crops. States including Iowa were behind schedule. For displays of CIF basis, click on the codes in brackets: US CIF Gulf soybeans US CIF Gulf corn US CIF Gulf SRW wheat US CIF Gulf HRW wheat For displays of FOB basis, please click on the following codes in brackets: US FOB Gulf corn US FOB Gulf soybeans US FOB Gulf SRW wheat US FOB Gulf HRW wheat Links Corn prices page: cpurl://apps.cp./cms/?pageid=corn-cash-market Wheat prices page: cpurl://apps.cp./cms/?pageid=wheat-cash-market US barge freight BG/US US export sales estimates USDA/EST US grain export summary GRA/U Brazil soybean export prices Brazil corn export prices (Reporting by Heather Schlitz; Editing by Vijay Kishore) ((Heather.Schlitz@thomsonreuters.com;)