US Cash Grains-Soy basis bids mostly flat, favorable US rain expected

Valero Energy

30/07/2026 21:22

CHICAGO, July 30 (Reuters) - Spot basis bids for soybeans were largely flat on Thursday at grain elevators and processors across the U.S. Midwest, grain merchants said. 
The soybean basis dropped by 5 cents per bushel at a major processor in Decatur, Illinois, and was unchanged elsewhere. Corn basis bids also held steady.
Rain is expected to provide much-needed moisture to crops in the U.S. Midwest in the coming days, analysts said. 
The forecasts for improved weather weighed on soybean Sv1 and corn Cv1 futures at the Chicago Board of Trade.
Domestic and export demand remained solid for U.S. soybeans, analysts said.
U.S. biofuel imports are not rising quickly enough to help the industry comply with the Environmental Protection Agency's renewable fuel blending mandates, as imports no longer benefit from key U.S. tax incentives, a Valero Energy VLO.N executive 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
-10
+
U

-10
+
U
UNC
Decatur IL corn
+10
+
U

+10
+
U
UNC
Decatur IL soybeans
+35
+
X

+40
+
X
DN 5
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
-7
+
U

-7
+
U
UNC
Soybeans
+10
+
Q

+10
+
Q
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
+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 David Gregorio)
 ((Thomas.Polansek@thomsonreuters.com))