Updated Daily — USDA AMS

Springfield, IL Grain Cash Bids

Compare local elevator bids for corn, soybeans, and wheat near Springfield, Sangamon County.

Today's Cash Bids Near Springfield, IL

Corn (CBOT Dec)
$4.82
Basis: −$0.18
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Soybeans (CBOT Nov)
$10.41
Basis: −$0.24
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Wheat (CBOT Jul)
$5.12
Basis: −$0.28
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Illinois State Avg
$4.76
Corn
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Local Elevator Market Context — Springfield

POET operates an ethanol plant in Springfield. Sangamon Valley Grain and local co-ops compete for corn and soy.

Central Illinois corn market. POET's Springfield plant creates steady corn demand. Springfield bids tend to track Illinois River terminal spreads — when river water is high and barging is cheap, basis strengthens.

Cash bids for Springfield area elevators are reported to USDA AMS through the Illinois Daily Grain Report. GrainBrief pulls this data every morning at 6:00 AM CT. Sign up free to see the current bid and historical basis chart for Springfield.

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Understanding Springfield Grain Basis

Grain basis is the difference between the local elevator cash bid and the nearby CBOT futures contract. For Springfield, Sangamon County, the basis reflects transportation costs to export terminals, local supply and demand balance, and elevator margin.

A strengthening basis (moving toward zero or positive) means local demand is increasing relative to futures — elevators are bidding more aggressively for your grain. A weakening basis means local supply is ample or export demand has softened.

Factors that affect Springfield area basis include: proximity to river export terminals, local processor demand (ethanol, crush, livestock feeding), seasonal harvest pressure, and freight costs from this location to terminal markets.

Basis SignalWhat It MeansMarketing Implication
Basis narrows (strengthens) Local demand exceeding local supply; elevator bidding up Good time to sell — local pricing is strong relative to futures
Basis widens (weakens) Local supply ample; elevator has less urgency to buy Consider storing if carry is positive on futures — wait for demand signal
Basis vs. 5-yr average Compare current basis to historical seasonal pattern If current basis is stronger than average, seasonal advantage may not persist

Market Signals Affecting Springfield Bids

CFTC COT — Managed Money
USDA Export Sales Pace
Ethanol Crush Margin
Soybean Crush Margin

More Illinois Grain Price Pages

Frequently Asked Questions — Springfield Cash Bids

Where does GrainBrief get Springfield cash bid data?

GrainBrief pulls daily grain cash bid data from USDA Agricultural Marketing Service (AMS) via their MARS API. The Illinois Daily Grain Report covers elevator bids reported throughout the state each morning. This is the same underlying data used by DTN, Barchart, and other commercial grain data providers.

How often is the Springfield data updated?

GrainBrief ingests USDA AMS data daily at 6:00 AM CT. USDA typically publishes Illinois grain bids between 9:00 AM and noon local time. Create a free account to get email alerts when new bids are posted.

Can I submit a bid I heard at my local elevator?

Yes — use the What's Your Bid? form to anonymously submit your local elevator's cash bid. Your submission helps other farmers in Sangamon County and surrounding areas benchmark whether they're getting a competitive price. No sign-in required and your IP address is never stored.

Page reviewed: 2026-06-03 Topic: springfield illinois cash bids Sources: USDA AMS, local elevator bid context, futures basis relationships, freight, storage, and GrainBrief source-health checks

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