US Cash Grains-Corn, soybean basis bids mostly flat to lower as farmers welcome August rains

Valero Energy

05/08/2026 21:27

CHICAGO, Aug 5 (Reuters) - Spot basis bids for corn and soybeans delivered to elevators and processors around the U.S. Midwest were mostly steady to lower on Wednesday as beneficial rains soaked sections of the crop belt and elevated yield prospects in spots, grain merchants said. 
Farmer selling remained slow as weaker futures prices given growers little incentive liquidate supplies. Many growers booked sales late last month when futures climbed to multi-year highs.
Rain is expected across a broad section of the Midwest farm belt over the next two weeks, potentially stabilizing crop conditions that have slipped in recent weeks.
The U.S. Department of Agriculture is due to release weekly export sales data early on Thursday. Analysts surveyed by Reuters, on average, expect net new-crop corn sales last week as high as 1.2 million metric tons, while new-crop soybean sales were expected to be as high as 1.55 million tons.
Chicago Board of Trade grain and soybean futures declined for a second straight session on Wednesday as crude oil prices eased.
CBOT's most-active corn futures contract Cv1 settled 5-1/2 cents lower at $4.60 a bushel, while soybeans Sv1 fell 3 cents to $11.74-3/4 per bushel.
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
+20
+
U
 
+25
+
U
DN 5
Soybean elevators
-20
+
Q
 
-15
+
Q
DN 5
Wheat elevators
-20
+
U
 
-20
+
U
UNC
Wheat processors
-5
+
U
 
-5
+
U
UNC
Decatur IL corn
+13
+
U
 
+13
+
U
UNC
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
+
X
 
+30
+
X
UNC
Toledo OH (port)
 
 
 
 
 
 
 
 
Corn
+15
+
U
 
+15
+
U
UNC
Soy
+0
+
X
 
+0
+
X
UNC
SRW wheat
-12
+
U
 
-15
+
U
UP 3
Davenport IA (river)
 
 
 
 
 
 
 
 
Corn
-32
+
U
 
-32
+
U
UNC
Soy
-38
+
X
 
-38
+
X
UNC
Evansville IN (rail)
 
 
 
 
 
 
 
 
15-car CSX corn
+24
+
U
 
UNQ
 
 
NC
Cincinnati OH (rail)
 
 
 
 
 
 
 
 
3-car corn
UNQ
 
 
 
UNQ
 
 
UNC
Hereford TX corn
+120
+
U
 
+120
+
U
UNC
Columbus OH (rail)
 
 
 
 
 
 
 
 
3-car corn
+34
+
U
 
+34
+
U
UNC
Morris IL (river)
 
 
 
 
 
 
 
 
Corn
-17
+
U
 
-11
+
U
DN 6
Soybeans
-8
+
X
 
-8
+
X
UNC
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
+55
+
X
 
+55
+
X
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 Karl Plume; Editing by Aurora Ellis)
 ((karl.plume@thomsonreuters.com; +1 313 484 5285))