US Cash Grains-Soybean, corn bids mostly higher as selling picks up

ReutersDec 9, 2025 10:15 PM

CHICAGO, Dec 9 (Reuters) - Spot soybean and corn basis bids were steady to higher in the U.S. Midwest on Tuesday as selling picked up and industry players reviewed the U.S. Department of Agriculture's monthly supply and demand report that was released earlier in the day.

The USDA left its U.S. soybean export forecast unchanged as sales to China have resumed after the top importer shunned purchases for months during a bruising trade war with Washington.
The USDA pegged soybean exports in the 2025/26 season that ends on August 31 at a 13-year low of 1.635 billion bushels, down 13% from the prior year. Ending stocks were unchanged from a month earlier at 290 million bushels.
Corn exports have been robust, and the USDA on Tuesday raised its U.S. corn export forecast as sales of the grain to global buyers have been stronger than anticipated.
Chicago Board of Trade March corn futures CH26 settled up 4-1/4 cents $4.48 per bushel, pushing through chart resistance at its 200-day moving average near $4.47.
CBOT January soybeans SF26 settled down 6-1/2 cents at $10.87-1/4 per bushel after hitting $10.84-1/2, the contract's lowest since October 30.

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

	Current			Previous
	Bid			Bid
Chicago, Illinois
Corn processors	-4	+	H	-4	+	H	UNC
Corn elevators	-10	+	H	-10	+	H	UNC
Soybean elevators	-10	+	F	-10	+	F	UNC
Wheat elevators	-15	+	H	-15	+	H	UNC
Wheat processors	-18	+	H	-18	+	H	UNC
Decatur IL corn	+5	+	H	+0	+	H	UP 5
Decatur IL soybeans	+5	+	F	+0	+	F	UP 5
Burns Harbor IN corn	UNQ			UNQ			UNC
Burns Harbor IN soy	UNQ			UNQ			UNC
Lafayette IN soy	-5	+	F	-5	+	F	UNC
Toledo OH (port)
Corn	-5	+	H	-5	+	H	UNC
Soy	-20	+	F	-20	+	F	UNC
SRW wheat	-20	+	F	-30	+	H	NC
Davenport IA (river)
Corn	-19	+	H	-22	+	H	UP 3
Soy	-30	+	F	-34	+	F	UP 4
Evansville IN (rail)
15-car CSX corn	+14	+	Z	+14	+	Z	UNC
Cincinnati OH (rail)
3-car corn	UNQ			UNQ			UNC
Hereford TX corn	+95	+	Z	+95	+	Z	UNC
Columbus OH (rail)
3-car corn	+20	+	Z	+20	+	Z	UNC
Morris IL (river)
Corn	-5	+	H	-2	+	H	DN 3
Soybeans	-10	+	F	-10	+	F	UNC
Fort Worth TX corn	+95	+	Z	+95	+	Z	UNC
Blair NE corn	-14	+	H	-14	+	H	UNC
Council Bluffs, IA (elevator)
Corn	-20	+	H	-20	+	H	UNC
Soy	-60	+	F	-60	+	F	UNC
Des Moines IA soy	-25	+	F	-25	+	F	UNC
Sioux City IA soy	-40	+	F	-45	+	F	UP 5

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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