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Start Free Trial →About Tennessee Grain Markets
Tennessee grain prices track Memphis cash markets. The Memphis elevator hub is a major pricing point for Mid-South soybeans and corn.
Understanding Tennessee 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.
Tennessee corn basis runs 10–25¢ negative, tightening near Memphis-area river terminals. Soybean basis is often the strongest commodity in Tennessee due to Memphis crush demand.
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.
Tennessee Grain Elevator Landscape
Key Tennessee elevators: Consolidated Grain and Barge, Memphis Elevator, Southern States Cooperative.