Updated Daily — USDA AMS

Billings, MT Grain Cash Bids

Compare local elevator bids for corn, soybeans, and wheat near Billings, Yellowstone County.

Today's Cash Bids Near Billings, MT

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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Montana State Avg
$4.76
Corn
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Local Elevator Market Context — Billings

Montana's largest city and primary grain hub. Yellowstone County is a top Montana spring wheat and barley producer. BNSF and UP rail access provide export routes to Pacific Northwest terminals.

Billings is the commercial anchor of Montana agriculture — spring wheat, durum, barley, and malt barley all originate here. BNSF rail access is the critical pricing factor. When Pacific Northwest wheat export demand is strong, Billings bids lead Montana. CHS is the dominant cooperative presence. Watch Minneapolis spring wheat futures and Portland export spreads.

Cash bids for Billings area elevators are reported to USDA AMS through the Montana 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 Billings.

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Understanding Billings Grain Basis

Grain basis is the difference between the local elevator cash bid and the nearby CBOT futures contract. For Billings, Yellowstone 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 Billings 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 Billings Bids

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

More Montana Grain Price Pages

Frequently Asked Questions — Billings Cash Bids

Where does GrainBrief get Billings cash bid data?

GrainBrief pulls daily grain cash bid data from USDA Agricultural Marketing Service (AMS) via their MARS API. The Montana 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 Billings data updated?

GrainBrief ingests USDA AMS data daily at 6:00 AM CT. USDA typically publishes Montana 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 Yellowstone 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: billings montana cash bids Sources: USDA AMS, local elevator bid context, futures basis relationships, freight, storage, and GrainBrief source-health checks

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