US Cash Grains-Soybean bids flat to lower at elevators, processors, river terminals

Reuters
14 Jun
US Cash Grains-Soybean bids flat to lower at elevators, processors, river terminals

CHICAGO, June 13 (Reuters) - Spot basis bids for U.S. soybeans were steady to weaker at elevators, processors and river terminals in the U.S. Midwest on Friday after a week in which ADM facilities slashed their soybean basis bids and other locations followed their lead.

  • Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil.

  • U.S. soyoil futures surged to their daily limit on Friday and soybeans hit a three-week high after President Donald Trump's administration proposed biofuel blending requirements that were above trade expectations, analysts said.

  • The U.S. Environmental Protection Agency proposed total biofuel blending volumes at 24.02 billion gallons in 2026 and 24.46 billion gallons in 2027, up from 22.33 billion gallons in 2025.

  • The soybean basis fell at a grain elevator in the Chicago, Illinois area, a processor in Lafayette, Indiana, and a river terminal in Toledo, Ohio, among other locations.

  • CBOT July soybeans SN25 settled up 27-1/2 cents, or 2.6%, at $10.69-3/4 per bushel and new-crop November soybeans SX25 rose 27-1/2 cents to end at $10.54-3/4 a bushel.

  • CBOT July corn CN25 settled up 6 cents at $4.44-1/2 per bushel.

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

Current

Previous

Bid

Bid

Chicago, Illinois

Corn processors

+15

+

N

+15

+

N

UNC

Corn elevators

+30

+

N

+30

+

N

UNC

Soybean elevators

-5

+

N

+0

+

N

DN 5

Wheat elevators

+0

+

N

+0

+

N

UNC

Wheat processors

-20

+

N

-20

+

N

UNC

Decatur IL corn

+5

+

N

+5

+

N

UNC

Decatur IL soybeans

-20

+

X

-20

+

X

UNC

Burns Harbor IN corn

UNQ

UNQ

UNC

Burns Harbor IN soy

UNQ

UNQ

UNC

Lafayette IN soy

-5

+

N

+5

+

N

DN 10

Toledo OH (port)

Corn

+15

+

N

+15

+

N

UNC

Soy

-5

+

N

+5

+

N

DN 10

SRW wheat

-35

+

N

-35

+

N

UNC

Davenport IA (river)

Corn

-9

+

N

-9

+

N

UNC

Soy

-22

+

N

-18

+

N

DN 4

Evansville IN (rail)

15-car CSX corn

+27

+

N

+27

+

N

UNC

Cincinnati OH (rail)

3-car corn

UNQ

UNQ

UNC

Hereford TX corn

+120

+

N

+120

+

N

UNC

Columbus OH (rail)

3-car corn

+34

+

N

+34

+

N

UNC

Morris IL (river)

Corn

-1

+

N

-1

+

N

UNC

Soybeans

-9

+

N

-7

+

N

DN 2

Fort Worth TX corn

+120

+

N

+120

+

N

UNC

Blair NE corn

+6

+

N

+6

+

N

UNC

Council Bluffs, IA (elevator)

Corn

+0

+

N

+0

+

N

UNC

Soy

-15

+

X

-5

+

X

DN 10

Des Moines IA soy

-30

+

X

-30

+

X

UNC

Sioux City IA soy

-15

+

N

-15

+

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

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

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

(Reporting by Renee Hickman in Chicago; editing by Diane Craft)

((renee.hickman@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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