US Cash Grains-Corn, soy basis bids up as farmer selling halts

ReutersApr 9, 2025 9:51 PM

CHICAGO, April 9 (Reuters) - Spot basis bids for soybeans and corn ticked higher in the U.S. Midwest on Wednesday as farmer selling ground to a halt amid low futures prices, dealers said.

* The soy basis rose at an Indiana crush plant, an Iowa elevator, an Iowa crush plant and an Iowa processor.

* The corn basis rose at an Iowa elevator.

* Farmers busy with spring planting and planting preparations have been reluctant to sell their crop, dealers said.

* Rains have delayed spring corn and soy planting in parts of the U.S.

* The USDA is expected on Thursday to report U.S. corn ending stocks at 1.405-1.605 billion bushels, according to a Reuters poll of analysts.

* Soybean futures soared by 2% on Wednesday while corn and wheat closed higher, rallying along with crude oil CLc1 and equity markets after U.S. President Donald Trump said he would pause the tariff increases he announced last week for most countries, even as he raised them on China.

* CBOT May soybean futures SK25 settled up 20 cents at $10.12-3/4 per bushel.

* May corn futures CK25 ended up 5 cents at $4.74 a bushel and May wheat WK25 rose 2-1/4 cents to finish at $5.43-1/4 a 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	-10	+	K	-10	+	K	UNC
Soybean elevators	-10	+	K	-10	+	K	UNC
Wheat elevators	+0	+	K	+0	+	K	UNC
Wheat processors	-5	+	K	-5	+	K	UNC
Decatur IL corn	+1	+	K	+1	+	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	+15	+	K	+10	+	K	UP 5
Toledo OH (port)
Corn	+0	+	K	+0	+	K	UNC
Soy	-10	+	K	-10	+	K	UNC
SRW wheat	-35	+	K	-35	+	K	UNC
Davenport IA (river)
Corn	-23	+	K	-25	+	K	UP 2
Soy	-30	+	K	-33	+	K	UP 3
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	+25	+	K	+25	+	K	UNC
Morris IL (river)
Corn	-10	+	K	-10	+	K	UNC
Soybeans	-13	+	K	-13	+	K	UNC
Fort Worth TX corn	+130	+	K	+130	+	K	UNC
Blair NE corn	-8	+	K	-8	+	K	UNC
Council Bluffs, IA (elevator)
Corn	-8	+	K	-8	+	K	UNC
Soy	-30	+	K	-30	+	K	UNC
Des Moines IA soy	-20	+	K	-25	+	K	UP 5
Sioux City IA soy	-5	+	K	-15	+	K	UP 10

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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