US Cash Grains-Corn basis mixed at ethanol plants, steady-up at elevators and other processors

Reuters
2025/12/03
US Cash Grains-Corn basis mixed at ethanol plants, steady-up at elevators and other processors

CHICAGO, Dec 2 (Reuters) - Spot basis bids for corn were mixed at U.S. Midwest ethanol plants on Tuesday and mostly steady to higher at other processing plants and at interior and river elevators.

  • A corn processor in Lincoln, Nebraska, raised its spot basis bids by 3 cents a bushel. A river terminal in Seneca, Illinois, lifted its spot bid by 2 cents.

  • Bids at Midwest ethanol plants were up 5 cents a bushel to down 7 cents.

  • Grain merchants continued to roll their spot basis bids to the Chicago Board of Trade March contract CH26 from the December CZ25 ahead of the December contract's expiration next week.

  • Spot basis bids for soybeans were mostly steady to lower at interior elevators and processing plants and unchanged at barge-loading river elevators.

  • Farmer selling interest was muted on Tuesday as futures firmed but cash prices remained below recent highs.

  • CBOT March corn futures CH26 were 6-1/2 cents higher at midmorning on Tuesday at $4.51-1/2 a bushel and January soybeans SF26 were up 1 cent at $11.29 a bushel. GRA/

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+6

+

Z

UP 1

-11

+

F

DN 4

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-50

+

H

NC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-5

+

H

UNC

+0

+

F

UNC

DECATUR IN

-5

+

F

UNC

MORRISTOWN IN

-5

+

F

DN 5

LAFAYETTE IN

-12

+

F

UNC

CEDAR RAPIDS IA

+5

+

H

UNC

-25

+

F

UNC

COUNCIL BLUFFS IA

-45

+

F

UNC

LINCOLN NE

-55

+

F

UNC

BLAIR NE

-14

+

H

UP 3

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-15

+

H

UNC

-25

+

F

UNC

SENECA IL

-9

+

H

UP 2

-20

+

F

UNC

SAVANNA IL

-36

+

H

UNC

-61

+

F

UNC

DAVENPORT IA

-20

+

Z

UNC

-31

+

F

UNC

ETHANOL PLANTS

LINDEN IN

-12

+

H

NC

UNION CITY IN

+12

+

H

UNC

ANNAWAN IL

-12

+

H

DN 7

COUNCIL BLUFFS IA

-16

+

H

UP 2

SRW WHEAT

TOLEDO OH

-30

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-30

+

Z

NC

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 = JulyQ = August, U = September, X = November, Z = December

--------------------------------------------------------

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

(Reporting by Karl Plume; Editing by Lisa Shumaker)

((karl.plume@thomsonreuters.com; +1 313 484 5285))

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