Corn, soybean basis bids flat to down

ReutersFeb 6, 2026 1:56 AM

CHICAGO, Feb 5 (Reuters) - Spot basis bids for corn and soybeans were steady to lower at processors in the U.S. Midwest on Thursday, a spot check of locations showed, as farmers sold their crops following gains in soybean and corn futures.

Chicago Board of Trade soybean futures continued their ascent for a third session following Wednesday comments by U.S. President Donald Trump about China buying more U.S. soybeans, traders said.
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!"
Corn futures also followed the upward trajectory of soybeans.
Farmers rewarded the rally by selling, which caused pressure in the cash markets, analysts said.
CBOT March soybeans SH26 settled 20 cents higher at $11.12-1/4 a bushel. CBOT March corn CH26 closed 5-1/2 cents higher at $5.35 per bushel.

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

	Current			Previous
	Bid			Bid
Chicago, Illinois
Corn processors	+0	+	H	+0	+	H	UNC
Corn elevators	+0	+	H	+3	+	H	DN 3
Soybean elevators	-5	+	H	-5	+	H	UNC
Wheat elevators	-5	+	H	-5	+	H	UNC
Wheat processors	-30	+	H	-30	+	H	UNC
Decatur IL corn	+3	+	H	+3	+	H	UNC
Decatur IL soybeans	+7	+	H	+10	+	H	DN 3
Burns Harbor IN corn	UNQ			UNQ			UNC
Burns Harbor IN soy	UNQ			UNQ			UNC
Lafayette IN soy	-5	+	H	+10	+	H	DN 15
Toledo OH (port)
Corn	+15	+	H	+15	+	H	UNC
Soy	-10	+	H	-10	+	H	UNC
SRW wheat	+0	+	H	+0	+	H	UNC
Davenport IA (river)
Corn	-10	+	H	-10	+	H	UNC
Soy	-19	+	H	-16	+	H	DN 3
Evansville IN (rail)
15-car CSX corn	+22	+	H	+22	+	H	UNC
Cincinnati OH (rail)
3-car corn	UNQ			UNQ			UNC
Hereford TX corn	+95	+	H	+95	+	H	UNC
Columbus OH (rail)
3-car corn	+31	+	H	+31	+	H	UNC
Morris IL (river)
Corn	-4	+	H	-6	+	H	UP 2
Soybeans	-17	+	H	-7	+	H	DN 10
Fort Worth TX corn	+95	+	H	+95	+	H	UNC
Blair NE corn	-12	+	H	-12	+	H	UNC
Council Bluffs, IA (elevator)
Corn	-15	+	H	-15	+	H	UNC
Soy	-65	+	H	-60	+	H	DN 5
Des Moines IA soy	-35	+	H	-30	+	H	DN 5
Sioux City IA soy	-45	+	H	-35	+	H	DN 10

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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