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 ethanol bids mixed as futures rise
Spot corn basis bids were mixed at ethanol plants and mostly steady at elevators and other processors.
A soy processor in Morristown, Indiana, raised its spot basis bid by 5 cents a bushel on Thursday. A crusher in Council Bluffs, Iowa, was offering sizable premiums for beans delivered in early September.
The spot basis bid at a Union City, Indiana, ethanol plant for corn was cut by 15 cents a bushel following a spike in futures prices this week. But a Council Bluffs plant raised its basis bid by 2 cents a bushel on good demand.
CBOT corn futures Cv1 climbed above $5 a bushel on Thursday, hitting the highest point for a most-active contract since February 2025. The most-active soybean Sv1 contract rose to a 3-1/2 week peak.
Soybean crusher basis bids firmer as spot supplies tighten
Spot basis bids for soybeans were steady to higher at U.S. Midwest processing plants on Thursday as some crushers scrambled for spot supplies, while bids at soybean elevators were mostly unchanged, crop merchants said.
Scattered farmer selling as futures climbed to fresh highs on Thursday capped basis values for both commodities.
A closely watched private crop tour this week has raised concerns about the U.S. Agriculture Department's most recent corn and soybean production forecasts, sending Chicago Board of Trade futures higher this week.
Crop scouts on the annual Pro Farmer Midwest crop tour have found sub-par corn yields and soybean pod counts in many areas following adverse summer weather.
Pro Farmer is due to release its U.S. corn and soybean yield and production forecasts on Friday, drawing data from tour findings.
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