Basis › Montana

Montana cash basis today — AGSIST network elevators

Name: Montana cash grain basis, AGSIST elevator network
Creator: AGSIST

Basis (cash − futures, $/bu) at the 3 Montana elevators in the AGSIST elevator network with a fresh bid, read directly from each elevator’s own bid board. This is a sample of Montana 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.

Hard red winter wheat

−$1.45

Hard red winter wheat median basis vs Dec ’26 KC HRW wheat

Range −$1.95 to −$1.40 · n = 3 elevators · prices posted Oct 6, 2026 8:01 AM CDT to Oct 6, 2026 8:01 AM CDT
Change since the Sep 29, 2026 7:59 AM CDT snapshot (about a week): 0¢ median change across 3 matched bids (0 up, 0 down).

Strongest basis (Dec ’26)

CHS Farmers Elevator (Montana), Macon — basis −$1.40, cash $6.09 (OCT 2026), as of Oct 6, 2026 8:01 AM CDT

Weakest basis (Dec ’26)

CHS Farmers Elevator (Montana), Circle — basis −$1.95, cash $5.54 (OCT 2026), as of Oct 6, 2026 8:01 AM CDT

Hard red spring wheat

−$0.90

Hard red spring wheat median basis vs Dec ’26 MIAX spring wheat (MWO)

Range −$1.40 to −$0.85 · n = 3 elevators · prices posted Oct 6, 2026 8:01 AM CDT to Oct 6, 2026 8:01 AM CDT
Change since the Sep 29, 2026 7:59 AM CDT snapshot (about a week): 0¢ median change across 3 matched bids (0 up, 0 down).

Strongest basis (Dec ’26)

CHS Farmers Elevator (Montana), Macon — basis −$0.85, cash $6.28 (OCT 2026), as of Oct 6, 2026 8:01 AM CDT

Weakest basis (Dec ’26)

CHS Farmers Elevator (Montana), Circle — basis −$1.40, cash $5.73 (OCT 2026), as of Oct 6, 2026 8:01 AM CDT

Every fresh network elevator in Montana

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 —.

Elevator	Town	Commodity	Delivery	Contract	Basis	Cash	Basis chg (wk)	Price as of
CHS Farmers Elevator (Montana)	Circle	Hard red winter wheat Wheat HRW	OCT 2026	Dec ’26 KEZ26	−$1.95	$5.54	0¢	Oct 6, 2026 8:01 AM CDT
CHS Farmers Elevator (Montana)	Glendive	Hard red winter wheat Wheat HRW	OCT 2026	Dec ’26 KEZ26	−$1.45	$6.04	0¢	Oct 6, 2026 8:01 AM CDT
CHS Farmers Elevator (Montana)	Macon	Hard red winter wheat Wheat HRW	OCT 2026	Dec ’26 KEZ26	−$1.40	$6.09	0¢	Oct 6, 2026 8:01 AM CDT
CHS Farmers Elevator (Montana)	Circle	Hard red spring wheat DNS -Spring Wheat	OCT 2026	Dec ’26 MWOZ26	−$1.40	$5.73	0¢	Oct 6, 2026 8:01 AM CDT
CHS Farmers Elevator (Montana)	Glendive	Hard red spring wheat DNS -Spring Wheat	OCT 2026	Dec ’26 MWOZ26	−$0.90	$6.23	0¢	Oct 6, 2026 8:01 AM CDT
CHS Farmers Elevator (Montana)	Macon	Hard red spring wheat DNS -Spring Wheat	OCT 2026	Dec ’26 MWOZ26	−$0.85	$6.28	0¢	Oct 6, 2026 8:01 AM CDT

How these numbers are made. Source: the AGSIST elevator network (dnilgis/bids), boards read directly; no third-party bid feed is used on this page. A bid counts only if its board was confirmed live on the latest read and its price was posted within 72 hours of the snapshot — long enough that a board unchanged over a weekend still counts on Monday. Specialty bids (white, organic, non-GMO, high-oleic, identity-preserved) are excluded. Medians and ranges are printed only with at least 3 elevators on the same futures contract. Prices are a snapshot as of Oct 6, 2026 8:10 AM CDT and will have moved since; call the elevator before you haul.

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.

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