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Start Free Trial →About Virginia Grain Markets
Virginia grain prices reflect proximity to Hampton Roads port, the East Coast's largest grain export terminal. Atlantic export demand for soybeans to Europe drives local basis.
Understanding Virginia 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.
Virginia soybean basis can be the tightest east of the Mississippi during strong European soybean demand, tracking Hampton Roads export bids directly.
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.
Virginia Grain Elevator Landscape
Key Virginia elevators: Massena Grain, Virginia Grain Producers, Hampton Roads Terminal.