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Start Free Trial →About Indiana Grain Markets
Indiana corn is highly correlated with Illinois cash prices but carries slightly wider basis due to longer rail/truck haul to Ohio River terminals.
Understanding Indiana Grain Basis
Basis is the difference between the local elevator cash price and the nearest CME futures contract. Basis tells you how your local market is priced relative to the national benchmark.
Indiana basis runs 15–30¢ negative on corn, widening toward the Ohio state line and improving near Ohio River elevator terminals.
A strengthening basis (cash rising relative to futures) signals strong local demand — typically from nearby ethanol plants, feed mills, or export elevators bidding aggressively for grain. A weakening basis signals local oversupply or reduced demand. Watch for basis moves of 10¢ or more in a single week as an actionable signal.
Indiana Grain Elevator Landscape
Key Indiana elevators: Heartland Grain, Co-Alliance LLP, Indiana Grain Company.