US Cash Grains-Corn basis flat to lower as futures firm

- Basis bids for corn were flat to lower at U.S. Midwest elevators and ethanol plants on Wednesday, a spot check of locations showed, as futures ticked up slightly.


  • The corn basis weakened at an elevator in the Cincinnati, Ohio area and at an ethanol plant in Annawan, Illinois.

  • The corn basis rose, however, at a river terminal in Seneca, Illinois. It was unchanged at other locations in the spot check.

  • The soybean basis fell at the Cincinnati elevator and was flat elsewhere.

  • On the Chicago Board of Trade, corn and soybean futures edged higher as traders watched for any deals for China to buy U.S. crops or the feed ingredient called distillers dried grains with solubles, or DDGS. GRA/

  • This autumn, U.S. growers will harvest their second-largest soybean crop on record, while corn production is expected to drop 6% from last year, the USDA said in its first official forecast of the 2026/27 crop season.

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



ELEVATORS











CORN




SOYBEANS



CINCINNATI OH

+11

+

N

DN 3


+9

+

N

DN 1

BURNS HARBOR IN

UNQ



UNC


UNQ



UNC

DECATUR IN

UNQ



UNC


UNQ



UNC

DES MOINES IA

UNQ



UNC


UNQ



UNC

LINCOLN NE

-35

+

N

UNC


-55


N

UNC











PROCESSORS











CORN





SOYBEANS



DECATUR IL

+8

+

N

UNC


+15

+

N

UNC

DECATUR IN






+10

+

N

UNC

MORRISTOWN IN





+0

+

N

UNC

LAFAYETTE IN






+10

+

N

UNC

CEDAR RAPIDS IA

-12

+

N

UNC


-30

+

N

UNC

COUNCIL BLUFFS IA






-35

+

N

UNC

LINCOLN NE






-30

+

N

UNC

BLAIR NE

-17

+

N

UNC
















RIVER TERMINALS











CORN





SOYBEANS



TOLEDO OH

+10

+

N

UNC


-5

+

N

UNC

SENECA IL

-13

+

N

UP 1

-18

+

N

UNC

SAVANNA IL

-36

+

N

UNC


-51

+

N

UNC

DAVENPORT IA

-22

+

N

UNC


-34

+

N

UNC











ETHANOL PLANTS










LINDEN IN

+0

+

N

UNC






UNION CITY IN

+20

+

N

UNC






ANNAWAN IL

-18

+

N

DN 3






COUNCIL BLUFFS IA

-15

+

N

UNC
















SRW WHEAT










TOLEDO OH

-20

+

N

UNC






CINCINNATI OH

UNQ



UNC






DECATUR IN

-30

+

N

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