US Cash Grains-Soy basis bids fall, price rally boosts farmer sales

ReutersFeb 6, 2026 3:58 PM

CHICAGO, Feb 6 (Reuters) - Basis bids for soybeans were steady to down in the U.S. Midwest on Friday as rallying prices encouraged farmers to book sales, grain dealers said.

Soybean futures extended gains on the Chicago Board of Trade after climbing on Wednesday when President Donald Trump said top-importer China was considering buying more U.S. supplies than expected.
Most-active futures Sv1 were up about 6.5% for the week.
Processors in Cedar Rapids, Iowa, and Decatur, Indiana, lowered their basis bids by 15 cents per bushel and 5 cents, respectively.
A river terminal in Seneca, Illinois, dropped its bid by 7 cents.
Next week, the U.S. Department of Agriculture is expected to trim its estimate for 2025-26 U.S. soybean ending stocks in a monthly report and keep its corn carryover estimate unchanged from January, according to a Reuters survey of analysts.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+4	+	H	UNC	+4	+	H	UNC
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	UNC	-55	+	H	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+3	+	H	UNC	+7	+	H	UNC
DECATUR IN					+5	+	H	DN 5
MORRISTOWN IN					+0	+	H	UNC
LAFAYETTE IN					-5	+	H	UNC
CEDAR RAPIDS IA	-17	+	H	UNC	-45	+	H	DN 15
COUNCIL BLUFFS IA					-50	+	H	UNC
LINCOLN NE					-45	+	H	UNC
BLAIR NE	-12	+	H	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	+10	+	H	UNC	-10	+	H	UNC
SENECA IL	-4	+	H	UNC	-17	+	H	DN 7
SAVANNA IL	-21	+	H	UNC	-46	+	H	UNC
DAVENPORT IA	-10	+	H	UNC	-19	+	H	UNC

ETHANOL PLANTS
LINDEN IN	+0	+	H	UNC
UNION CITY IN	+20	+	H	UNC
ANNAWAN IL	-10	+	H	UNC
COUNCIL BLUFFS IA	-12	+	H	UNC

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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