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
Corn and soybean basis bids soften after farmer sales
Spot basis bids for corn delivered to U.S. Midwest elevators and processors were steady to lower on Thursday after a recent jump in futures prices triggered farmer sales that replenished supplies.
Spot soybean basis bids were mostly steady at elevators and steady to lower at processing plants following an uptick in farmer sales earlier in the week.
Chicago Board of Trade September corn futures retreated on Thursday after hitting a two-month high. Soybean futures were near unchanged, hovering near Monday's two-month peak.
After liquidating some corn and soybeans this week, many growers were now waiting for even higher prices before booking fresh sales, grain merchants said. Hot, dry weather in much of the Midwest this week stressed crops and may impact yields.
Corn basis bids eased at some barge-loading river elevators amid a slowdown in export demand. The U.S. Department of Agriculture reported net old-crop U.S. corn sales last week fell to 314,962 metric tons, the lowest so far in the 2025/26 marketing year and below trade estimates for at least 500,000 tons. New crop sales of 311,222 tons were at a six-week low.
Basis bids for soybeans held mostly steady at river elevators, underpinned by a recent increase in export sales to China. The USDA reported a net 188,274 tons of old-crop soybean sales last week, in line with expectations. A net 1,769,617 tons of new-crop sales were the largest in the 2026/27 marketing year so far.
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