US Cash Grains-Soybean basis bids steady to higher at elevators, processors

Reuters
2025/12/04
US Cash Grains-Soybean basis bids steady to higher at elevators, processors

CHICAGO, Dec 3 (Reuters) - Spot basis bids for soybeans were mostly steady to higher at U.S. Midwest elevators and processing plants on Wednesday on slow farmer sales and lower futures prices.

  • Spot corn basis bids were steady to higher at elevators and ethanol plants and flat to lower at other processors.

  • Farmer selling interest was muted on Wednesday as easing futures prices on the Chicago Board of Trade reduced cash bids at most locations. Many growers are delaying making further sales until prices improve after booking sales during a rally last month.

  • Agriculture Secretary Brooke Rollins said Tuesday that the Trump administration will announce a “bridge payment” for farmers next week that is designed to provide short-term relief while longer trade and aid packages are finalized. The aid could temper some grain sales as it would provide growers with cash for seeds and other crop inputs ahead of the spring planting season, grain merchants said.

  • CBOT March corn futures CH26 were 6-1/2 cents lower near midday on Wednesday at $4.43-1/2 a bushel and January soybeans SF26 were down 7 cents at $11.17-3/4 a bushel. GRA/

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+9

+

Z

UP 3

-8

+

F

UP 3

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-50

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-5

+

H

UNC

+0

+

F

UNC

DECATUR IN

-5

+

F

UNC

MORRISTOWN IN

-5

+

F

UNC

LAFAYETTE IN

-5

+

F

UP 7

CEDAR RAPIDS IA

+0

+

H

DN 5

-25

+

F

UNC

COUNCIL BLUFFS IA

-45

+

F

UNC

LINCOLN NE

-55

+

F

UNC

BLAIR NE

-14

+

H

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-15

+

H

UNC

-25

+

F

UNC

SENECA IL

-8

+

H

UP 1

-20

+

F

UNC

SAVANNA IL

-31

+

H

UP 5

-61

+

F

UNC

DAVENPORT IA

-20

+

Z

UNC

-31

+

F

UNC

ETHANOL PLANTS

LINDEN IN

-12

+

H

UNC

UNION CITY IN

+16

+

H

UP 4

ANNAWAN IL

-12

+

H

UNC

COUNCIL BLUFFS IA

-15

+

H

UP 1

SRW WHEAT

TOLEDO OH

-30

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-30

+

Z

UNC

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 Diane Craft)

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

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