US Cash Grains-Corn basis steady-firmer at ethanol sites; soy bids flat

ReutersNov 19, 2025 5:58 PM

CHICAGO, Nov 19 (Reuters) - Basis bids for corn firmed at some Midwest ethanol plants on Wednesday while bids elsewhere held mostly steady as Chicago Board of Trade corn and soy futures declined.

The corn basis improved by 2 to 3 cents a bushel at ethanol facilities in Union City, Indiana, and Annawan, Illinois, spot checks showed.
The U.S. Energy Information Administration said weekly production of corn-based ethanol increased in the latest week to 1.091 million barrels per day. Weekly ethanol stockpiles rose to 22.307 million barrels, inching back up from a one-year low set in mid-October. EIA/S
Soybean basis bids were mostly flat after firming at river locations earlier this week, buoyed by demand from exporters along the Gulf Coast.
The U.S. Department of Agriculture confirmed sales of 330,000 metric tons of U.S. soybeans to China, a day after confirming sales to China of 792,000 tons of the oilseed.
China had bought at least four cargoes of U.S. soybeans on Tuesday night, including three from U.S. Gulf terminals, two China-based traders with knowledge of the deals said.
Chicago Board of Trade corn and soybean futures were lower in midday trading. As of 11:30 a.m. CST (1730 GMT), CBOT December corn CZ25 was down 6-1/2 cents at $4.30-1/4 a bushel and January soybeans SF26 were down 15-1/4 cents at $11.38-1/4 a bushel. GRA/

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+1	+	Z	UNC	-7	+	F	UNC
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA					UNQ			UNC
LINCOLN NE	-47	+	Z	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+5	+	Z	UNC	+0	+	F	UNC
DECATUR IN					-5	+	F	UNC
MORRISTOWN IN					+0	+	F	UNC
LAFAYETTE IN					+0	+	F	UNC
CEDAR RAPIDS IA	-9	+	Z	UNC	-35	+	F	UNC
COUNCIL BLUFFS IA					-50	+	F	UNC
LINCOLN NE					-30	+	F	UNC
BLAIR NE	-13	+	Z	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-10	+	Z	UNC	-35	+	F	UNC
SENECA IL	-6	+	Z	DN 4	-16	+	F	DN 1
SAVANNA IL	-31	+	Z	UNC	-61	+	F	UNC
DAVENPORT IA	-10	+	Z	UP 7	-35	+	F	UNC

ETHANOL PLANTS
LINDEN IN	+0	+	Z	UNC
UNION CITY IN	+15	+	Z	UP 3
ANNAWAN IL	+0	+	Z	UP 2
COUNCIL BLUFFS IA	-15	+	Z	UNC

SRW WHEAT
TOLEDO OH	-35	+	Z	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	-30	+	Z	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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