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Michigan cash basis today — AGSIST network elevators

Basis (cash − futures, $/bu) at the 16 Michigan elevators in the AGSIST elevator network with a fresh bid, read directly from each elevator’s own bid board. This is a sample of Michigan elevators, not all of them. Snapshot of Oct 6, 2026 8:10 AM CDT; page built Oct 6, 2026 10:51 AM CDT. Each elevator counts once per crop, at its nearest open delivery period.

Corn

1 elevator did not name a futures contract and is listed below but left out of every statistic.

Strongest basis (Dec ’26)

• POET Grain, Caro — basis −$0.15, cash $4.86 (Oct. 1st-Oct. 10th (2026-12)), as of Oct 6, 2026 8:01 AM CDT
• ADM, Ottawa Lake — basis −$0.20, cash $4.82 (December 2026 (2026-12)), as of Oct 6, 2026 8:01 AM CDT
• Michigan Agricultural Commodities, Blissfield — basis −$0.30, cash $4.71 (Oct/Nov 26), as of Oct 6, 2026 8:01 AM CDT

Weakest basis (Dec ’26)

• ADM, Snover — basis −$0.65, cash $4.37 (Dec 26 (2026-12)), as of Oct 6, 2026 8:01 AM CDT
• Waldron Grain and Fuel Co, Waldron — basis −$0.50, cash $4.51 (New Crop 2026 (01 Oct 2026 to 30 Nov 2026)), as of Oct 6, 2026 7:51 AM CDT
• Vogelsberg Grain, VHGC INC — basis −$0.50, cash $4.51 (O/N 26), as of Oct 6, 2026 8:01 AM CDT

Soybeans

Elevators whose nearest bid is priced against a different contract are kept out of the headline, because a basis against one month is not comparable with a basis against another:

• vs Jan ’27: median −$0.48, range −$0.75 to −$0.10, n = 4

1 elevator did not name a futures contract and is listed below but left out of every statistic.

Strongest basis (Nov ’26)

• Michigan Agricultural Commodities, Blissfield — basis −$0.50, cash $12.39 (Oct/Nov 26), as of Oct 6, 2026 8:01 AM CDT
• Michigan Agricultural Commodities, Jasper — basis −$0.55, cash $12.34 (Oct/Nov 26), as of Oct 6, 2026 8:01 AM CDT
• Waldron Grain and Fuel Co, Waldron — basis −$0.59, cash $12.30 (New Crop 2026 (15 Sep 2026 to 30 Nov 2026)), as of Oct 6, 2026 7:51 AM CDT

Weakest basis (Nov ’26)

• Vogelsberg Grain, VHGC INC — basis −$0.80, cash $12.09 (O/N 26), as of Oct 6, 2026 8:01 AM CDT
• Michigan Agricultural Commodities, Marlette — basis −$0.75, cash $12.14 (Oct/Nov 26), as of Oct 6, 2026 8:01 AM CDT
• Michigan Agricultural Commodities, Brown City — basis −$0.75, cash $12.14 (Oct/Nov 26), as of Oct 6, 2026 8:01 AM CDT

Soft red winter wheat

Elevators whose nearest bid is priced against a different contract are kept out of the headline, because a basis against one month is not comparable with a basis against another:

• vs Mar ’27: 1 elevator — too few for a median

Strongest basis (Dec ’26)

• Michigan Agricultural Commodities, Blissfield — basis −$0.45, cash $6.53 (Oct 26), as of Oct 6, 2026 8:01 AM CDT
• Michigan Agricultural Commodities, Jasper — basis −$0.50, cash $6.48 (Oct 26), as of Oct 6, 2026 8:01 AM CDT
• ADM, Grand Ledge — basis −$0.60, cash $6.38 (Oct. 26 (2026-12)), as of Oct 6, 2026 8:01 AM CDT

Weakest basis (Dec ’26)

• Michigan Agricultural Commodities, Newaygo — basis −$0.90, cash $6.08 (Oct 26), as of Oct 6, 2026 8:01 AM CDT
• Michigan Agricultural Commodities, Middleton — basis −$0.90, cash $6.08 (Oct 26), as of Oct 6, 2026 8:01 AM CDT
• Michigan Agricultural Commodities, Marlette — basis −$0.90, cash $6.08 (Oct 26), as of Oct 6, 2026 8:01 AM CDT

Every fresh network elevator in Michigan

One row per elevator and crop (its nearest open delivery). The elevator name opens /cash-bids at that ZIP for every delivery month. Week-over-week compares each bid with the same elevator’s same delivery period and contract in the network snapshot of Sep 29, 2026 7:59 AM CDT; bids with no match show —.

What basis is, in one paragraph

Basis is the local cash price minus the futures price it is quoted against: cash − futures, in dollars per bushel. It carries everything futures leave out — freight to the river, rail or processor that ultimately buys the grain, local supply and demand, storage space and the elevator’s margin. Inland elevators usually post a negative basis because grain has to be shipped toward an export port or a plant before it is worth the futures price, and that freight comes out of the bid. Basis tends to be weakest around harvest, when every bin fills at once, and to firm through winter and spring as supplies are drawn down; a processor or ethanol plant short of grain can flip that locally at any time. For the long-run picture by region, see the national basis vs normal view built from USDA reports.

Related: national basis vs normal (USDA) · cash bids near you · Michigan cash rent by county · Michigan Farmland Atlas.

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