US Cash Grains-Soybean bids flat to lower at elevators, processors, river terminals

ReutersJun 13, 2025 11:33 PM

CHICAGO, June 13 (Reuters) - Spot basis bids for U.S. soybeans were steady to weaker at elevators, processors and river terminals in the U.S. Midwest on Friday after a week in which ADM facilities slashed their soybean basis bids and other locations followed their lead.

Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil.
U.S. soyoil futures surged to their daily limit on Friday and soybeans hit a three-week high after President Donald Trump's administration proposed biofuel blending requirements that were above trade expectations, analysts said.
The U.S. Environmental Protection Agency proposed total biofuel blending volumes at 24.02 billion gallons in 2026 and 24.46 billion gallons in 2027, up from 22.33 billion gallons in 2025.
The soybean basis fell at a grain elevator in the Chicago, Illinois area, a processor in Lafayette, Indiana, and a river terminal in Toledo, Ohio, among other locations.
CBOT July soybeans SN25 settled up 27-1/2 cents, or 2.6%, at $10.69-3/4 per bushel and new-crop November soybeans SX25 rose 27-1/2 cents to end at $10.54-3/4 a bushel.
CBOT July corn CN25 settled up 6 cents at $4.44-1/2 per bushel.

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

	Current			Previous
	Bid			Bid
Chicago, Illinois
Corn processors	+15	+	N	+15	+	N	UNC
Corn elevators	+30	+	N	+30	+	N	UNC
Soybean elevators	-5	+	N	+0	+	N	DN 5
Wheat elevators	+0	+	N	+0	+	N	UNC
Wheat processors	-20	+	N	-20	+	N	UNC
Decatur IL corn	+5	+	N	+5	+	N	UNC
Decatur IL soybeans	-20	+	X	-20	+	X	UNC
Burns Harbor IN corn	UNQ			UNQ			UNC
Burns Harbor IN soy	UNQ			UNQ			UNC
Lafayette IN soy	-5	+	N	+5	+	N	DN 10
Toledo OH (port)
Corn	+15	+	N	+15	+	N	UNC
Soy	-5	+	N	+5	+	N	DN 10
SRW wheat	-35	+	N	-35	+	N	UNC
Davenport IA (river)
Corn	-9	+	N	-9	+	N	UNC
Soy	-22	+	N	-18	+	N	DN 4
Evansville IN (rail)
15-car CSX corn	+27	+	N	+27	+	N	UNC
Cincinnati OH (rail)
3-car corn	UNQ			UNQ			UNC
Hereford TX corn	+120	+	N	+120	+	N	UNC
Columbus OH (rail)
3-car corn	+34	+	N	+34	+	N	UNC
Morris IL (river)
Corn	-1	+	N	-1	+	N	UNC
Soybeans	-9	+	N	-7	+	N	DN 2
Fort Worth TX corn	+120	+	N	+120	+	N	UNC
Blair NE corn	+6	+	N	+6	+	N	UNC
Council Bluffs, IA (elevator)
Corn	+0	+	N	+0	+	N	UNC
Soy	-15	+	X	-5	+	X	DN 10
Des Moines IA soy	-30	+	X	-30	+	X	UNC
Sioux City IA soy	-15	+	N	-15	+	N	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-AM

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

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 AM GRA/M

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

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