# US cash grains: Corn, soy basis higher amid quiet trading - USO News | Rallies

> Midwest cash basis bids for corn and soybeans rose as buyers tried to attract sales from farmers reluctant to sell, while futures were nearly unchanged. Analysts expected the USDA to forecast record soybean production of 4.597 billion bushels and corn production of 15.962 billion bushels; the USDA reported that soybean harvest was 88% complete and corn harvest was 74% complete.

- Date: 2026-11-06 · published 2026-11-07T15:05:56.423Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/86107-us-cash-grains-corn-soy-basis-higher-amid-quiet-trading-uso-news-rallies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger basis bids indicate nearby buyers are competing for farmer-held supplies, lending local support to cash markets. Expectations for large crops, especially record soybean production, may limit broader price gains.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Sources

- rallies.ai: https://rallies.ai/news/us-cash-grains-corn-soy-basis-higher-amid-quiet-trading-6324d8703c2ed6f8

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.