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Start Free Trial →About North Dakota Grain Markets
North Dakota spring wheat (hard red spring) tracks Minneapolis Grain Exchange HRS futures. Corn and soybean production has expanded significantly into the eastern Red River Valley.
Understanding North Dakota 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.
North Dakota basis on corn runs 35–65¢ negative due to distance from terminal markets. Spring wheat basis varies significantly by protein content (14%+ commands strong premium).
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.
North Dakota Grain Elevator Landscape
Key North Dakota elevators: North Dakota Farmers Union, Dakota Plains Cooperative, CHS Northland.