US Cash Grains-Corn, soybean basis mixed as trading slows

Valero Energy

05/08/2026 24:00

CHICAGO, Aug 4 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Tuesday as dealers rolled basis bids to the next futures month and selling remained slow. 
Selling has been slow as low prices have given growers little incentive to sell.
More soybean elevators and processors rolled their spot basis bids to the Chicago Board of Trade November contract SX26 from the August contract SQ26. 
After Monday's close, the U.S. Department of Agriculture lowered its condition rating for the nation's corn for a third straight week, while soybean ratings held steady following a larger-than-anticipated drop a week earlier.
Chicago Board of Trade grain and soybean futures fell sharply on Tuesday, following oil markets lower, after comments by Qatari and U.S. officials raised hopes for a diplomatic resolution to the Iran war that could improve oil flows through the Strait of Hormuz, traders said.
CBOT's most-active corn futures contract Cv1 settled 7 cents lower at $4.65-1/2 a bushel, while soybeans Sv1 fell 14-1/2 cents to $11.77-3/4 per bushel.
Basis values are quoted against CBOT futures in cents/bu:



Current


Previous



Bid


Bid



Chicago, Illinois







Corn processors 
+20
+
U
+20
+
U
UNC
Corn elevators
+20
+
U
+20
+
U
UNC
Soybean elevators
-15
+
Q
-15
+
Q
UNC
Wheat elevators
-20
+
U
-20
+
U
UNC
Wheat processors
-18
+
N
-18
+
N
UNC
Decatur IL corn
+13
+
U
+14
+
U
DN 1
Decatur IL soybeans
+35
+
X
+45
+
Q
NC
Burns Harbor IN corn
UNQ


UNQ


UNC
Burns Harbor IN soy
UNQ


UNQ


UNC
Lafayette IN soy
+30
+
X
+15
+
Q
NC
Toledo OH (port)







Corn
+15
+
U
+15
+
U
UNC
Soy
+0
+
X
+10
+
Q
NC
SRW wheat
-10
+
U
-15
+
U
UP 5
Davenport IA (river)







Corn
-32
+
U
-22
+
U
DN 10
Soy
-38
+
Q
-20
+
Q
DN 18
Evansville IN (rail)







15-car CSX corn
+33
+
N
+33
+
N
UNC
Cincinnati OH (rail)







3-car corn
UNQ


UNQ


UNC
Hereford TX corn
+110
+
N
+110
+
N
UNC
Columbus OH (rail)







3-car corn
+40
+
N
+40
+
N
UNC
Morris IL (river)







Corn
-17
+
U
-5
+
U
DN 12
Soybeans
-8
+
X
+10
+
Q
NC
Fort Worth TX corn
+120
+
N
+120
+
N
UNC
Blair NE corn
-8
+
U
-17
+
U
UP 9
Council Bluffs, IA (elevator)







Corn
-12
+
U
-12
+
U
UNC
Soy
-15
+
X
-20
+
Q
NC
Des Moines IA soy
+5
+
X
+0
+
Q
NC
Sioux City IA soy
+20
+
Q
+20
+
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 Heather Schlitz; Editing by Jacqueline Wong)
 ((Heather.Schlitz@thomsonreuters.com;))