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Start Free Trial →About Michigan Grain Markets
Michigan corn and soybean basis benefits from Great Lakes vessel access to Eastern markets. Lower Peninsula has much tighter basis than Upper Peninsula.
Understanding Michigan 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.
Lower Peninsula Michigan basis runs 15–30¢ negative. Upper Peninsula can see 30–60¢ negative basis due to logistics costs.
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.
Michigan Grain Elevator Landscape
Key Michigan elevators: Kalamazoo Farmers Market, Cooperative Elevator Company, Michigan Grain Cooperative.