FOB Gulf Grain-Wheat premiums hold as Iraq buys, soy firm

May 16 (Reuters) - Wheat export premiums held steady at the
U.S. Gulf Coast on Wednesday even as futures jumped 5 percent,
with a large purchase of U.S. wheat by Iraq helping to keep on a
lid on any losses in the basis, traders said.
* Iraq purchased 400,000 tonnes of wheat from the United
States, Australia, Russia, Romania and Kazakhstan, trade
ministry sources said.
* The U.S. sold as much as 200,000 tonnes of hard red winter
wheat to the major wheat importer while the rest of the p

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