US Cash Grains-Soy, corn bids flat in quiet trade

ReutersMar 28, 2025 9:39 PM

CHICAGO, March 28 (Reuters) - Spot basis bids for corn and soybeans were unchanged in the U.S. Midwest on Friday as farmers and buyers awaited a set of U.S. Department of Agriculture reports, which will be released on Monday.

* Corn and soy bids rose earlier in the week as buyers sought to entice selling from farmers who have been busy with spring planting preparations, dealers said.

* Grain markets were looking ahead to Monday's U.S. planting and stocks data from the U.S. Department of Agriculture, as well as seeking greater clarity on broad tariffs promised by U.S. President Donald Trump from April 2.

* Chicago Board of Trade corn futures on Friday slumped to the lowest price in more than three months on expectations of increased U.S. planting this year, before rebounding on a spate of fundamental trading and bargain-buying, market analysts said.

* Soybeans also fell for most of the session under pressured from a bumper Brazilian soybean crop, before ending higher on potential domestic demand after the Trump administration asked oil and biofuels producers to hash out a deal on the next phase of the nation's biofuels.

* The most-active Chicago Board of Trade corn contract Cv1 settled up 3-1/4 cents at $4.53-1/4 a bushel, after earlier reaching its lowest since December 20 at $4.42 a bushel.

* CBOT soybeans Sv1 ended 6-1/4 cents higher at $10.23 per bushel.

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

	Current			Previous
ELEVATORS	Bid			Bid
Chicago, Illinois
Corn processors	+5	+	K	+5	+	K	UNC
Corn elevators	-25	+	K	-25	+	K	UNC
Soybean elevators	-15	+	K	-15	+	K	UNC
Wheat elevators	+0	+	K	+0	+	K	UNC
Wheat processors	-15	+	K	-15	+	K	UNC
Decatur IL corn	-6	+	K	-6	+	K	UNC
Decatur IL soybeans	+6	+	K	+6	+	K	UNC
Burns Harbor IN corn	UNQ			UNQ			UNC
Burns Harbor IN soy	UNQ			UNQ			UNC
Lafayette IN soy	+5	+	K	+5	+	K	UNC
Toledo OH (port)
Corn	-2	+	K	-2	+	K	UNC
Soy	-15	+	K	-15	+	K	UNC
SRW wheat	-35	+	K	-35	+	K	UNC
Davenport IA (river)
Corn	-25	+	K	-25	+	K	UNC
Soy	-25	+	K	-25	+	K	UNC
Evansville IN (rail)
15-car CSX corn	UNQ			UNQ			UNC
Cincinnati OH (rail)
3-car corn	UNQ			UNQ			UNC
Hereford TX corn	+130	+	K	+130	+	K	UNC
Columbus OH (rail)
3-car corn	+18	+	K	+18	+	K	UNC
Morris IL (river)
Corn	-19	+	K	-19	+	K	UNC
Soybeans	-10	+	K	-10	+	K	UNC
Fort Worth TX corn	+130	+	K	+130	+	K	UNC
Blair NE corn	-10	+	K	-10	+	K	UNC
Council Bluffs, IA (elevator)
Corn	-12	+	K	-12	+	K	UNC
Soy	-40	+	K	-40	+	K	UNC
Des Moines IA soy	-25	+	K	-25	+	K	UNC
Sioux City IA soy	-15	+	K	-15	+	K	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-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

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