Basis is the only genuinely local part of a corn price — it moves with local supply, freight and storage rather than with the national crop. A negative basis is a surplus with nowhere to go; a positive one is what feed demand looks like.
USDA publishes the gap and the contract it is quoted against, but not the board price itself, so no futures price appears anywhere on this page.
| State | Median | Range today | Bids | Districts | Year range | Percentile | Reported |
|---|---|---|---|---|---|---|---|
| North Dakota | −80 | −90 to −65 | 5 | 5 | −85 to −55 | 2% | Oct 23 |
| South Dakotacattle feeding state | −65 | −80 to −41 | 5 | 5 | −77 to −49 | 23% | Oct 23 |
| Minnesota | −50 | — | 1 | 1 | −56 to −30 | 9% | Oct 23 |
| Iowacattle feeding state | −35 | −40 to −15 | 7 | 6 | −40 to −15 | 7% | Oct 23 |
| Missouri | −33 | −50 to +16 | 10 | 10 | −45 to 0 | 14% | Oct 23 |
| Nebraskacattle feeding state | −23 | −38 to +40 | 7 | 7 | −50 to −10 | 83% | Oct 23 |
| Ohio | −23 | −55 to −15 | 4 | 4 | −35 to +13 | 15% | Oct 23 |
| Kansascattle feeding state | −20 | −45 to +30 | 11 | 9 | −53 to −20 | 92% | Oct 23 |
| Indiana | −20 | −24 to +55 | 10 | 8 | −28 to +20 | 6% | Oct 23 |
| Illinois | −20 | −30 to +15 | 12 | 12 | −30 to +11 | 14% | Oct 23 |
| Arkansas | −15 | −50 to −15 | 3 | 1 | −46 to +46 | 14% | Oct 22 |
| Tennessee | −13 | −30 to +10 | 6 | 6 | −40 to +35 | 14% | Oct 23 |
| Oklahoma | −5 | −35 to +45 | 6 | 3 | −40 to −5 | 84% | Oct 23 |
| Kentucky | +2 | −75 to +65 | 11 | 7 | −45 to +35 | 18% | Oct 23 |
| Virginia | +20 | −25 to +80 | 7 | 7 | +3 to +55 | 60% | Oct 23 |
| Wyoming | +40 | — | 1 | 1 | −42 to +40 | 99% | Oct 23 |
| North Carolina | +45 | −20 to +85 | 17 | 4 | +16 to +70 | 47% | Oct 23 |
| Coloradocattle feeding state | +50 | −20 to +85 | 4 | 4 | −33 to +60 | 95% | Oct 23 |
| South Carolina | +55 | −15 to +100 | 7 | 2 | −5 to +90 | 34% | Oct 23 |
| Maryland | +70 | +60 to +90 | 4 | 4 | +20 to +70 | 97% | Jun 23stale |
| Texascattle feeding state | +75 | +50 to +80 | 3 | 3 | +50 to +75 | 90% | Oct 23 |
| Pennsylvania | +88 | +20 to +90 | 3 | 3 | +50 to +140 | 10% | Oct 20 |
States are sorted from the biggest discount to the board to the biggest premium. Each carries its own report date— some file daily, some weekly, and a few have gone quiet. The percentile says where today sits in that state’s own last 12 months, so a low number means corn is unusually cheap there by its own standards. Each state is measured only against itself, so this ranks how unusual a basis is, never how high.
This desk is for people who buy corn rather than sell it, which is why green marks a discount to the board. USDA files each elevator bid separately but publishes no elevator name, so where several bids land in one district the median is shown with the day’s range beside it — taking any single row would be an arbitrary pick rendered as a fact. Where a state shows no range, it filed one bid per district that day.
Source: USDA AMS daily grain bid reports, current_flag=Yes bids only. Country elevator series only — Gulf export, barge, port and grain-exchange quotes are different markets and are excluded rather than pooled. Cash grain prices in dollars a bushel are on the grain desk.
| State | District | Basis | Bids | Range | Contract | Reported |
|---|---|---|---|---|---|---|
| South Dakota | Central | −80 | 1 | — | December (Z) | Oct 23 |
| North Central | −80 | 1 | — | December (Z) | Oct 23 | |
| Northeast | −65 | 1 | — | December (Z) | Oct 23 | |
| East Central | −50 | 1 | — | December (Z) | Oct 23 | |
| Southeast | −41 | 1 | — | December (Z) | Oct 23 | |
| Iowa | North Central | −40 | 1 | — | December (Z) | Oct 23 |
| South Central | −38 | 1 | — | December (Z) | Oct 23 | |
| Northeast | −35 | 1 | — | December (Z) | Oct 23 | |
| Northwest | −35 | 1 | — | December (Z) | Oct 23 | |
| Southeast | −35 | 1 | — | December (Z) | Oct 23 | |
| Southwest | −25 | 2 | −35 to −15 | December (Z) | Oct 23 | |
| Nebraska | East | −38 | 1 | — | December (Z) | Oct 23 |
| Northeast | −38 | 1 | — | December (Z) | Oct 23 | |
| Southeast | −33 | 1 | — | December (Z) | Oct 23 | |
| South | −23 | 1 | — | December (Z) | Oct 23 | |
| Central | −20 | 1 | — | December (Z) | Oct 23 | |
| Southwest | +8 | 1 | — | December (Z) | Oct 23 | |
| Northwest | +40 | 1 | — | December (Z) | Oct 23 | |
| Kansas | North | −45 | 1 | — | December (Z) | Oct 23 |
| East | −40 | 1 | — | December (Z) | Oct 23 | |
| Southeast | −40 | 1 | — | December (Z) | Oct 23 | |
| Central | −35 | 2 | — | December (Z) | Oct 23 | |
| Northeast | −20 | 1 | — | December (Z) | Oct 23 | |
| Northwest | −10 | 1 | — | December (Z) | Oct 23 | |
| South | −5 | 2 | −20 to +10 | December (Z) | Oct 23 | |
| West | +10 | 1 | — | December (Z) | Oct 23 | |
| Southwest | +30 | 1 | — | December (Z) | Oct 23 | |
| Colorado | Southeast | −20 | 1 | — | December (Z) | Oct 23 |
| Northeast | +45 | 1 | — | December (Z) | Oct 23 | |
| East | +55 | 1 | — | December (Z) | Oct 23 | |
| North Central | +85 | 1 | — | December (Z) | Oct 23 | |
| Texas | Central Panhandle | +50 | 1 | — | December (Z) | Oct 23 |
| North Panhandle | +75 | 1 | — | December (Z) | Oct 23 | |
| South Panhandle | +80 | 1 | — | December (Z) | Oct 23 |