US Cash Grains-Corn bids up, soy mixed as futures seesaw

ReutersMar 24, 2025 5:00 PM

CHICAGO, March 24 (Reuters) - Spot basis bids for corn ticked up on Monday, while soy bids were mixed in the U.S. Midwest as market players assessed tariff risks and awaited the U.S. Department of Agriculture's grain stocks and prospective plantings reports on March 31.

Spot soybean bids ticked up at an Ohio elevator and fell at an Illinois river terminal.

Spot corn bids ticked up at an Ohio elevator and Iowa processor.

Traders are monitoring tariff developments between the U.S. and its leading agricultural trading partners – Canada, Mexico and China.

U.S.-China tariff tensions have cut soybean exports, with China retaliating by raising duties on U.S. agricultural products.

Chicago Board of Trade May corn futures CK25 were up 1-1/4 cents at $4.65-1/2 per bushel. May soybeans SK25 were down 3/4 cent at $10.08-3/4 a bushel.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+1	+	K	UP 1	+10	+	K	UP 5
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA					UNQ			UNC
LINCOLN NE	-35	+	K	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	-6	+	K	UNC	+0	+	K	UNC
DECATUR IN					+8	+	K	UNC
MORRISTOWN IN					+5	+	K	UNC
LAFAYETTE IN					+5	+	K	UNC
CEDAR RAPIDS IA	-5	+	K	UP 3	-10	+	K	UNC
COUNCIL BLUFFS IA					-30	+	K	UNC
LINCOLN NE					-35	+	K	UNC
BLAIR NE	-12	+	K	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-5	+	K	UNC	-25	+	K	UNC
SENECA IL	-20	+	K	UNC	-15	+	K	DN 5
SAVANNA IL	-36	+	K	UNC	-48	+	K	UNC
DAVENPORT IA	-25	+	K	UNC	-25	+	K	UNC

ETHANOL PLANTS
LINDEN IN	-8	+	K	UNC
UNION CITY IN	+7	+	K	UNC
ANNAWAN IL	-10	+	K	UNC
COUNCIL BLUFFS IA	-16	+	K	UNC

SRW WHEAT
TOLEDO OH	-35	+	K	UNC
CINCINNATI OH	-30	+	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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