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Start Free Trial →About Ohio Grain Markets
Ohio corn and soybean basis benefits from dual export routes: Ohio River barges to NOLA and Lake Erie vessel traffic to Eastern markets.
Understanding Ohio 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.
Northwest Ohio basis (Toledo/Lake Erie corridor) can approach zero or positive on soybeans during strong export demand. Southeast Ohio runs 20–35¢ negative.
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.
Ohio Grain Elevator Landscape
Key Ohio elevators: Consolidated Grain and Barge (CGB), The Andersons, Cargill Lima.