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Start Free Trial →About Minnesota Grain Markets
Minnesota corn follows Minneapolis cash markets and Pacific Northwest export demand for hard red spring wheat. Twin Cities area has the tightest basis.
Understanding Minnesota 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.
Southern Minnesota basis runs 15–30¢ negative on corn. Northern Minnesota and western Red River Valley can see wider basis of 30–50¢ due to rail logistics.
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.
Minnesota Grain Elevator Landscape
Key Minnesota elevators: Cargill Savage, CHS Mankato, Growers Edge, Heartland.