US Cash Grains-Corn basis eases as futures climb; soy basis mixed

ReutersJan 28, 2026 6:44 PM

CHICAGO, Jan 28 (Reuters) - Spot basis bids for corn were steady to weaker in the U.S. Midwest on Wednesday, spot checks showed, as rising Chicago Board of Trade futures appeared to spur farmer grain sales in a few areas.

The basis had firmed in recent days as frigid temperatures and a massive weekend storm slowed the movement of grain into elevators and processing sites.
But corn bids ticked lower in a few locations by Wednesday as CBOT March corn futures CH26 climbed back to $4.30 a bushel for the first time since January 12, when bearish crop reports from the U.S. Department of Agriculture had sent prices tumbling.
The corn basis weakened by 8 cents a bushel at a Cincinnati, Ohio, elevator and by 3 cents at a Linden, Indiana, ethanol plant.
The U.S. Energy Information Administration said weekly production of corn-based ethanol decreased in the week ended January 23, ahead of the winter storm, to 1.114 million barrels per day, retreating from an all-time high of 1.196 million bpd two weeks ago. EIA/S
Ethanol stockpiles fell to 25.4 million barrels, down from a nine-month high of 25.739 million a week earlier.
Soybean basis bids were mixed. The basis improved by 5 cents a bushel at a crushing plant in Morristown, Indiana, but fell by 2 cents at Cincinnati.
Late in Wednesday's trading session, CBOT March corn CH26 was up 3-1/4 cents at $4.29-3/4 a bushel, paring gains after reaching $4.33-1/4. CBOT March soybeans SH26 were up 7 cents at $10.74-1/4 a bushel. GRA/

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+4	+	H	DN 8	+16	+	H	DN 2
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ		H	UNC	UNQ		H	UNC
DES MOINES IA	UNQ			UNC	UNQ			UNC
LINCOLN NE	-42	+	H	UNC	-55	+	H	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+3	+	H	UNC	+12	+	H	UNC
DECATUR IN					+5	+	H	UNC
MORRISTOWN IN					+10	+	H	UP 5
LAFAYETTE IN					+5	+	H	UNC
CEDAR RAPIDS IA	-12	+	H	UNC	-30	+	H	UNC
COUNCIL BLUFFS IA					-40	+	H	UNC
LINCOLN NE					-35	+	H	UNC
BLAIR NE	-7	+	H	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	+10	+	H	UNC	-10	+	H	UNC
SENECA IL	-10	+	H	UNC	-8	+	H	UNC
SAVANNA IL	-26	+	H	UNC	-51	+	H	UNC
DAVENPORT IA	-10	+	H	UNC	-16	+	H	UNC

ETHANOL PLANTS
LINDEN IN	-5	+	H	UNC
UNION CITY IN	+17	+	H	DN 3
ANNAWAN IL	-10	+	H	UNC
COUNCIL BLUFFS IA	-18	+	H	UNC

SRW WHEAT
TOLEDO OH	-5	+	H	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	-25	+	H	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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