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US Cash Grains-Corn basis steady-firmer, soy mostly flat

ReutersNov 20, 2025 6:18 PM

- Basis bids for corn were mostly higher while soy bids were mostly steady on Thursday as Chicago Board of Trade futures fell.

  • Farmers took advantage of a previous rally in prices to sell off some of their recently harvested crop, dealers said.

  • The USDA reported export sales of U.S. corn for the week ended October 2 at 2,259,700 metric tons, toward the high end of a range of trade expectations for 1,400,000 to 2,500,000 tons.

  • The USDA confirmed private sales of 462,000 metric tons of U.S. soybeans to China, marking the third soybean "flash" sales announcement this week.

  • The USDA separately reported export sales of U.S. soybeans for the week ended October 2 at 919,400 metric tons, in line with a range of trade expectations for 600,000 to 1,600,000 tons.

  • Chicago Board of Trade corn and soybean futures were lower in midday trading. CBOT December corn CZ25 was last down 2-3/4 cents to $4.27 a bushel and January soybeans SF26 were down 9-3/4 cents to $11.27 a bushel. GRA/

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+1

+

Z

UNC

-8

+

F

DN 1

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

-8

+

Z

UP 5

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-10

+

Z

UNC

-35

+

F

UNC

SENECA IL

-6

+

Z

UNC

-16

+

F

UNC

SAVANNA IL

-31

+

Z

UNC

-61

+

F

UNC

DAVENPORT IA

-10

+

Z

UNC

-35

+

F

UNC

ETHANOL PLANTS

LINDEN IN

+0

+

Z

UNC

UNION CITY IN

+20

+

Z

UP 5

ANNAWAN IL

+2

+

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

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

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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