US Cash Grains-Corn, soybean basis bids mostly steady or firmer

CHICAGO, Jan 15 (Reuters) - Spot basis bids for U.S. corn and soybeans were mostly steady or stronger on Thursday at Midwestern grain elevators and processors, traders said.

• A processor in Lafayette, Indiana, increased its soybean basis by 5 cents per bushel, while an elevator in Cincinnati, Ohio, raised its corn basis by 2 cents and its soybean basis by 1 cent.

• Corn basis bids were steady to mixed at ethanol plants.

• The administration of President Donald Trump plans to finalize 2026 biofuel blending quotas by early March, keeping them close to its initial proposal while dropping a plan to penalize imports of renewable fuels and feedstocks, according to two sources familiar with the plans.

• In December, the U.S. soybean crush likely rose to the second-highest level on record, while soyoil stocks swelled to the highest mark since May 2024, according to analysts surveyed ahead of a National Oilseed Processors Association report due on Thursday.

• Traders were still digesting bearish U.S. Department of Agriculture crop data issued on Monday, but some said it appeared that futures prices may have set near-term lows on Tuesday.

• Grain and soy futures edged up for a second day on the Chicago Board of Trade.GRA/

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

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