US Cash Grains-Corn basis bids rise at Midwest processing plants

ReutersMar 11, 2025 5:45 PM

CHICAGO, March 11 (Reuters) - Spot basis bids for corn rose at processors and ethanol plants in the U.S. Midwest on Tuesday as crop buyers sought to entice farmers to make more sales, brokers said.

Soybean basis bids were flat to higher.

The U.S. Department of Agriculture kept its estimates unchanged for 2024-25 U.S. corn ending stocks in a monthly report amid uncertainty over the impact of U.S. tariff disputes with major buyers Mexico, Canada and China. Analysts had expected stocks to decline.

USDA made no changes to its forecasts for how much U.S. corn will be exported or used to make ethanol, compared to February.

Chicago Board of Trade May corn futures CK25 were up 1-1/2 cents at $4.73-1/2 per bushel by 12:30 p.m. CDT (1730 GMT) as the market recovered from losses last week. CBOT May soybeans SK25 were up 1 cent at $10.15 a bushel.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	-7	+	K	UP 1	-3	+	K	UNC
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	UNC	-7	+	K	UP 3
DECATUR IN					+5	+	K	UNC
MORRISTOWN IN					+0	+	K	UNC
LAFAYETTE IN					-7	+	K	UNC
CEDAR RAPIDS IA	-15	+	K	UP 5	-25	+	K	UNC
COUNCIL BLUFFS IA					-30	+	K	UNC
LINCOLN NE					-35	+	K	UNC
BLAIR NE	-21	+	K	UP 2

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-10	+	K	UNC	-25	+	K	UNC
SENECA IL	-20	+	K	UNC	-15	+	K	UNC
SAVANNA IL	-36	+	K	UNC	-48	+	K	UNC
DAVENPORT IA	-25	+	K	UNC	-25	+	K	UNC

ETHANOL PLANTS
LINDEN IN	-16	+	K	UNC
UNION CITY IN	+3	+	K	UP 1
ANNAWAN IL	-12	+	K	DN 2
COUNCIL BLUFFS IA	-22	+	K	UNC

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

--------------------------------------------------------

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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.