NewsSignalsAI analysis·Reuters·Nov 13, 2026

Soybean, corn basis values steady-lower as futures rise

Grade Abullish AI signal$ZS1!$ZC1!

US soybean and corn futures advanced as stronger export demand and reduced domestic production and stocks forecasts supported grain prices. USDA reported 1.2 million metric tons of weekly soybean export sales and 2.9 million metric tons of corn sales, with China, Vietnam and Mexico among the major buyers. Continued export demand and tighter US supply expectations could provide further upside support for soybean and corn futures.

Bullish strength: 80/100

US soybean export sales reached 1.2 million metric tons, within analysts' expectations.
US corn export sales reached 2.9 million metric tons, at the high end of expectations.
USDA cut US production and stocks forecasts by more than expected.
December corn futures gained 0.9% for the week.
January soybean futures reached their highest level since October 30.

Bearish strength: 20/100

Soybean and corn Gulf export basis bids remained steady to lower despite rising futures.
Chinese buyers also purchased Brazilian soybeans, providing competition for US exports.

This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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Corn, soybean basis bids largely steady

US Midwest corn and soybean basis bids remained largely steady on Friday, signaling generally stable local cash-market conditions despite a few regional changes. USDA reported 2.9 million metric tons of corn export sales and 1.2 million metric tons of soybean export sales for the week ended November 5, while CBOT January soybeans gained 12.5 cents and December corn rose 3 cents. Stronger export demand and an expected recovery in soybean crushing could support grain prices, although mostly unchanged basis bids suggest limited immediate shifts in local supply-demand conditions.

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