US Cash Grains-Soybean, corn basis mixed amid choppy futures trade

ReutersFeb 25, 2025 4:44 PM

CHICAGO, Feb 25 (Reuters) - Spot basis bids for soybeans and corn were steady to mixed in the U.S. Midwest on Tuesday, as futures seesawed up and down, with market players awaiting a U.S. Department of Agriculture conference later this week, at which it will give early supply and demand projections for next season.

The spot soybean basis ticked down at an Ohio elevator and increased at three processors.

The corn basis eased at two processors and increased at an Illinois river terminal.

Some buyers are raising bids ahead of spring planting season, while others have already purchased enough to cover short-term needs.

Renewed investor concerns about U.S. tariffs, after President Donald Trump said proposed levies on imports from Mexico and Canada were on track to be implemented, weighed on grain markets and added to fears of reprisals against U.S. agricultural exports.

Improving South American weather and a bumper Brazilian soy harvest is hanging over corn and soy futures.

Chicago Board of Trade May corn futures CK25 were down 5 cents at $4.92 per bushel near midday on Tuesday. CBOT May soybeans SK25 were down 3/4 cent at $10.465-1/4 a bushel.

Basis values are quoted against CBOT futures in cts/bu:

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+4	+	H	UNC	+2	+	H	DN 1
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA					UNQ			UNC
LINCOLN NE	-35	+	H	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+1	+	H	UNC	-5	+	H	UP 10
DECATUR IN					+10	+	H	UP 5
MORRISTOWN IN					+5	+	H	UP 15
LAFAYETTE IN					-2	+	H	UNC
CEDAR RAPIDS IA	-10	+	H	DN 2	-20	+	H	UNC
COUNCIL BLUFFS IA					-40	+	H	UNC
LINCOLN NE					-40	+	H	UNC
BLAIR NE	-12	+	H	DN 2

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-10	+	H	UNC	-15	+	H	UNC
SENECA IL	-5	+	H	UP 1	-5	+	H	UNC
SAVANNA IL	-36	+	H	UNC	-41	+	H	UNC
DAVENPORT IA	-12	+	H	UNC	-14	+	H	UNC

ETHANOL PLANTS
LINDEN IN	-5	+	H	UNC
UNION CITY IN	+8	+	H	UNC
ANNAWAN IL	-10	+	H	UNC
COUNCIL BLUFFS IA	-12	+	H	UNC

SRW WHEAT
TOLEDO OH	-30	+	H	UNC
CINCINNATI OH	-30	+	N	UNC
DECATUR IN	-45	+	H	DN 0
BURNS HARBOR IN	UNQ			UNC

NOTE: 0 = Option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DP = Delayed price, N/A = Not available,

F = January, H = March, K = May, N = July
Q = August, U = September, X = November, Z = December

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LINKS: 0#USCSHGRN-PM

For U.S. forward basis spreadsheets, please click:

CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- U.S. grain barge freight values BG/US

- U.S. Midwest cash grain PM GRA/PM

- U.S. CIF/FOB Gulf Grain GRA/F

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