U.S. cash grain markets saw modest changes Friday as basis levels held mostly steady and the DTN national indices showed minor fluctuations.
The national average corn basis remained unchanged at 36 cents under the December futures contract, while the DTN National Corn Index fell 1 cent to $3.90. Regional corn basis varied slightly, with the CIF basis weakening 2 cents to +74Z and St. Louis track down 1 cent at +16Z. Local processor bids were largely steady across the Midwest, including Cedar Rapids, Fort Dodge, and Des Moines, with small gains in Blair and Columbus, Nebraska. Pacific Northwest bids are not expected until February 2026 at +115H, and no bid was reported in Hereford, Texas.
Soybeans strengthened slightly, with the national average basis rising 1 cent to 73 cents under the January futures contract. The DTN National Soybean Index gained 3 cents to $10.52.
Wheat markets were mixed. Hard red winter (HRW) wheat maintained a steady national average basis of 67 cents under December futures, with the DTN HRW Index up 4 cents to $4.44. Hard red spring (HRS) wheat posted a 2-cent stronger basis at 16 cents under the Minneapolis December contract, while its national index declined 6 cents to $5.49. Soft red winter wheat remained steady at a $4.71 index with a -$0.56 basis.
Overall, Friday’s cash market activity reflects cautious trading ahead of futures settlements, with minimal changes in both corn and soybean regions and minor basis adjustments across wheat classes. The national indices and local processor bids suggest stability in grain demand, while regional variations indicate selective strength in certain areas.
