US Cash Grains-Corn basis bids flat to mixed, crop weather improves

Valero Energy

01/08/2026 24:11

CHICAGO, July 31 (Reuters) - Spot basis bids for corn were steady to mixed at processing plants and grain elevators across the U.S. Midwest on Friday, grain merchants said, as crop weather improved.
The corn basis rose by 3 cents per bushel at a major processor in Decatur, Illinois, and dropped by 2 cents at a river terminal in Morris, Illinois.
U.S. corn and soybean futures slipped as much-needed rains reached Midwestern growing areas.
With soybean pod filling set to increase in August, analysts were assessing whether improving crop weather may support better-than-average soybean yields. 
The U.S. Department of Agriculture is scheduled to issue an update on crop conditions and development in a weekly progress report due on Monday.
In demand news, Chinese government buyers purchased at least 840,000 metric tons of U.S. soybeans, two U.S. traders with knowledge of the deals said.
Basis values are quoted against CBOT futures in cents/bu:

Current



Previous



Bid



Bid



Chicago, Illinois








Corn processors 
+15
+
U

+15
+
U
UNC
Corn elevators
+25
+
U

+25
+
U
UNC
Soybean elevators
-15
+
Q

-15
+
Q
UNC
Wheat elevators
-20
+
U

-20
+
U
UNC
Wheat processors
-5
+
U

-10
+
U
UP 5
Decatur IL corn
+13
+
U

+10
+
U
UP 3
Decatur IL soybeans
+35
+
X

+35
+
X
UNC
Burns Harbor IN corn
UNQ



UNQ


UNC
Burns Harbor IN soy
UNQ



UNQ


UNC
Lafayette IN soy
+30
+
Q

+30
+
Q
UNC
Toledo OH (port)








Corn
+15
+
U

+15
+
U
UNC
Soy
+0
+
X

+0
+
X
UNC
SRW wheat
-15
+
U

-15
+
U
UNC
Davenport IA (river)








Corn
-32
+
U

-32
+
U
UNC
Soy
-23
+
Q

-23
+
Q
UNC
Evansville IN (rail)








15-car CSX corn
UNQ



UNQ


UNC
Cincinnati OH (rail)








3-car corn
UNQ



UNQ


UNC
Hereford TX corn
+120
+
U

+120
+
U
UNC
Columbus OH (rail)








3-car corn
+32
+
U

+32
+
U
UNC
Morris IL (river)








Corn
-9
+
U

-7
+
U
DN 2
Soybeans
-1
+
X

+10
+
Q
NC
Fort Worth TX corn
UNQ



UNQ


UNC
Blair NE corn
-8
+
U

-8
+
U
UNC
Council Bluffs, IA (elevator)








Corn
-12
+
U

-12
+
U
UNC
Soy
-15
+
X

-15
+
X
UNC
Des Moines IA soy
-5
+
X

-5
+
X
UNC
Sioux City IA soy
+45
+
Q

+45
+
Q
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 Tom Polansek; Editing by Shailesh Kuber)
 ((Thomas.Polansek@thomsonreuters.com))