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USDA AMS reported on November 4, 2026 that most Gulf Coast basis levels for corn, soybeans and wheat at Louisiana ports were unchanged. Cash and forward bids for US No. 2 yellow corn and No. 1 soybeans moved with futures, with soybean futures-linked bids down about 8.5 cents and corn bids up about 1.75 cents.
Steady Gulf basis alongside moving futures means the export price move is coming from CBOT futures rather than from local demand, so Gulf export buyers are seeing modest price changes. Soybean bids falling while corn rises points to a weaker soybean complex, with corn year-ahead bids still well above last year's levels.
indexbox.ioNov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
