US Cash Grains-Soy bids down, corn steady as trade slows

Bunge Global SA

13/03/2026 18:36

CHICAGO, March 13 (Reuters) - Spot basis bids for soybeans were steady to lower and corn bids were mostly stable in the U.S. Midwest on Friday as a huge swell of farmer selling triggered by high prices slowed.

U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year's harvests due to weak prices.

Since the U.S. and Israel attacked Iran, farmers across the Midwest have capitalized on climbing prices by selling corn, soy and wheat from storage bins to ethanol producers and major traders including Archer-Daniels-Midland ADM.N and Bunge BG.N.

During an investor event on Tuesday, Bunge Chief Operating Officer Julio Garros said the company is filling all of its grain elevators in North America and South America due to an uptick in farmer selling.

U.S. soybean futures weakened on Friday in a profit-taking setback after hitting a near two-year high in the previous session on surging crude oil prices, while corn firmed as traders squared positions ahead of the weekend.

Chicago Board of Trade most-active corn contract Cv1 gained 4-3/4 cents to $4.67-1/4 a bushel.

The most-active soybean contract Sv1 settled 2-1/4 cents lower to $12.25-1/4 per bushel.

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

Current
Previous
Bid
Bid
Chicago, Illinois
Corn processors
+0
+
K
+0
+
K
UNC
Corn elevators
-7
+
K
-7
+
K
UNC
Soybean elevators
-10
+
K
-10
+
K
UNC
Wheat elevators
-15
+
K
-15
+
K
UNC
Wheat processors
-50
+
K
-50
+
K
UNC
Decatur IL corn
-8
+
K
-8
+
K
UNC
Decatur IL soybeans
-8
+
K
-8
+
K
UNC
Burns Harbor IN corn
UNQ
UNQ
UNC
Burns Harbor IN soy
UNQ
UNQ
UNC
Lafayette IN soy
-10
+
K
-10
+
K
UNC
Toledo OH (port)
Corn
+0
+
K
+2
+
K
DN 2
Soy
-10
+
K
-10
+
K
UNC
SRW wheat
-5
+
K
-5
+
K
UNC
Davenport IA (river)
Corn
-30
+
K
-30
+
K
UNC
Soy
-45
+
K
-40
+
K
DN 5
Evansville IN (rail)
15-car CSX corn
+15
+
K
+15
+
K
UNC
Cincinnati OH (rail)
3-car corn
UNQ
UNQ
UNC
Hereford TX corn
+95
+
K
+95
+
K
UNC
Columbus OH (rail)
3-car corn
+25
+
K
+25
+
K
UNC
Morris IL (river)
Corn
-17
+
K
-17
+
K
UNC
Soybeans
-30
+
K
-30
+
K
UNC
Fort Worth TX corn
+95
+
K
+95
+
K
UNC
Blair NE corn
-20
+
K
-21
+
K
UP 1
Council Bluffs, IA (elevator)
Corn
-23
+
K
-23
+
K
UNC
Soy
-81
+
K
-81
+
K
UNC
Des Moines IA soy
-50
+
K
-50
+
K
UNC
Sioux City IA soy
-50
+
K
-50
+
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

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

     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 Heather Schlitz; editing by Diane Craft)

 ((Heather.Schlitz@thomsonreuters.com;))