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Start Free Trial →About Texas Grain Markets
Texas Gulf Coast proximity gives south Texas grain producers excellent export access. The Texas Panhandle is a major feedlot hub providing strong local corn and sorghum demand.
Understanding Texas 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.
Gulf Coast Texas basis on corn can be positive during strong export demand. Panhandle Texas runs 15–35¢ negative, reflecting inland freight 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.
Texas Grain Elevator Landscape
Key Texas elevators: Plains Cotton Cooperative Association, Southwest Georgia Farm Credit, Gavilon.