US Cash Grains-Corn basis rises at river terminals, ethanol plants

ReutersFeb 4, 2026 7:57 PM

CHICAGO, Feb 4 (Reuters) - Basis bids for corn were steady to higher at river terminals and ethanol plants and steady to lower at other kinds of processors at locations in the U.S. Midwest on Wednesday as futures firmed slightly.

The corn basis fell at processors in Decatur, Illinois, and Cedar Rapids, Iowa. It rose at a river terminal in Seneca, Illinois, and an ethanol plant in Council Bluffs, Iowa.
The soybean basis fell at an elevator in Cincinnati, Ohio, and rose at a processor in Lafayette, Indiana, and a river terminal in Seneca, Illinois.
In a post on his Truth Social platform, Trump said China is "lifting the Soybean count to 20 Million Tons for the current season (They have committed to 25 Million Tons for next season!"
Chicago Board of Trade March corn futures CH26 rose 1 cent to $4.29-1/2 a bushel. CBOT March soybeans SH26 were up 26.5 cents to $10.92-1/4 a bushel.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+5	+	H	UNC	+8	+	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	-35	+	H	UP 2	-55	+	H	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+3	+	H	DN 2	+12	+	H	UNC
DECATUR IN					+10	+	H	UNC
MORRISTOWN IN					+10	+	H	UNC
LAFAYETTE IN					+10	+	H	UP 2
CEDAR RAPIDS IA	-15	+	H	DN 3	-30	+	H	UNC
COUNCIL BLUFFS IA					-45	+	H	UNC
LINCOLN NE					-40	+	H	UNC
BLAIR NE	-10	+	H	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	+10	+	H	UNC	-10	+	H	UNC
SENECA IL	-6	+	H	UP 2	-7	+	H	UP 3
SAVANNA IL	-21	+	H	UNC	-46	+	H	UNC
DAVENPORT IA	-10	+	H	UNC	-16	+	H	UNC

ETHANOL PLANTS
LINDEN IN	+0	+	H	UNC
UNION CITY IN	+22	+	H	UNC
ANNAWAN IL	-10	+	H	UNC
COUNCIL BLUFFS IA	-12	+	H	UP 2

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

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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