US Cash Grains-Corn, soy basis up amid slow selling

ReutersMar 7, 2025 6:27 PM

CHICAGO, March 7 (Reuters) - Spot basis bids for corn and soybeans ticked up in the U.S. Midwest on Friday as industry players evaluated changes in U.S. trade policy while farmers remained reluctant to sell at relatively low prices.

The corn basis increased at an Ohio elevator, an Illinois river terminal and two ethanol plants. The basis decreased at an Illinois processor.

The soy basis increased at an Ohio elevator, Indiana processor and two Illinois river terminals.

Chicago corn and soybeans edged down on Friday, pausing after a two-day rally fuelled by U.S. tariff exemptions, with traders monitoring the next trade policy steps and awaiting U.S. jobs data.

On Thursday, U.S. President Donald Trump suspended the tariffs he imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy.

Farmers have turned focus to spring planting intentions.

Chicago Board of Trade May corn futures CK25 were up 5-1/2 cents to $4.69-3/4 per bushel at midday. CBOT May soybeans SK25 fell 1/2 cent to $10.27 a bushel.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	-9	+	K	UP 1	-4	+	K	UP 1
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA					UNQ			UNC
LINCOLN NE	-40	+	K	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	-8	+	K	DN 2	-10	+	K	UNC
DECATUR IN					+5	+	K	UP 10
MORRISTOWN IN					-5	+	K	UNC
LAFAYETTE IN					-7	+	K	UNC
CEDAR RAPIDS IA	-20	+	K	UNC	-20	+	K	UNC
COUNCIL BLUFFS IA					-35	+	K	UNC
LINCOLN NE					-35	+	K	UNC
BLAIR NE	-23	+	K	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-15	+	K	UNC	-25	+	K	UNC
SENECA IL	-20	+	K	UP 3	-15	+	K	UP 4
SAVANNA IL	-36	+	K	UNC	-48	+	K	UP 4
DAVENPORT IA	-25	+	K	UNC	-25	+	K	UNC

ETHANOL PLANTS
LINDEN IN	-16	+	K	UNC
UNION CITY IN	+2	+	K	UP 2
ANNAWAN IL	-10	+	K	UNC
COUNCIL BLUFFS IA	-22	+	K	UP 2

SRW WHEAT
TOLEDO OH	-25	+	N	UNC
CINCINNATI OH	UNQ		N	UNC
DECATUR IN	-45	+	K	UNC
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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