Minneapolis Basis Report


MS_GR112
Minneapolis, MN Wed May 15, 2019 USDA Market News

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 11 cars which included 0 trains.
Last year's were 36 cars which included 1 trains.

Minneapolis Grain Exchange Daily Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Milling Northern/Dark Northern Spring Wheat. The spring Wheat 12 to
15 pct basis was steady.

***PLEASE NOTE: Prices prior to Jan 4, 2010 were for Minneapolis beyond; the
provided freight rate differential to Minneapolis is for Minneapolis unload.

Only the spot wheat/durum rail market is being quoted delivered Chicago/Beyond.
The to-arrive wheat is truck delivered and on a Minneapolis or Duluth based market.

** The basis is for US 1 Milling Quality Only. Milling Quality is defined as
300 or better Falling Numbers; 58 lbs or better test weight; 13.5 Pct or less
moisture; 1.5 Pct or less Damage; 1.5 Pct or less Dockage and 2.0 ppm or
less vomitoxin**.

RAIL - Spot Change TRUCK
Wheat on MGEX Floor/Delivered Chicago/Beyond 20 Day To-Arrive
US 1 Milling DNS/NS Wheat Mpls Duluth
Jul BASIS -Jul
11 Pct No Quote - - - - - -
12 Pct No Quote - - - - - -
13 Pct No Quote - - +20 - -
14 Pct No Quote - - +20 - -
14.5 Pct+85N unch - - - -
15 Pct +150 unch +20 - -
16 Pct No Quote - - - - - -
17 Pct No Quote - - - - - -
*Train

Balance Spring Wheat - 13 pct
US 1 No Quote - -
US 2 No Quote - -
US 3 No Quote - -
Balance Spring Wheat - 14 pct
US 1 No Quote - -
US 2 No Quote - -
US 3 No Quote - -
Balance Spring Wheat - 15 pct
US 1 No Quote - -
US 2 No Quote - -
US 3 No Quote - -
*Train
The above Spring Wheat does not meet domestic milling specifications
and is traded at a basis price with market discounts on other grade
factors.
Mpls
US 1 Hard Red Winter Wheat BASIS KC - Jul BASIS KC -Jul
10 Pct No Quote - -
11 Pct No Quote - - +90
12 Pct No Quote - - +100
13 Pct No Quote - - +100
14 Pct No Quote - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.

US 2 Yellow Corn - Jul futures Mpls - Jul
Mpls -44 B unch -36
More corn bids: Jul -36 (N); Aug -45 (U); Oct -53 (Z); Nov -47 (Z);

US 1 Yellow Soybeans - Jul futures Mpls - Jul
Mpls -70 B unch -58
More soybean bids: Jul -58 (N); Aug -65 (Q); Oct -76 (X); Nov -62 (X);

Oats: BASIS Jul Mpls - Jul
Truck 20 Day To-Arrive
US 2 or Better No Quote - - +14 to +60
Rail 20 Day To-Arrive
+14 to +60

BASIS REPORT SYMBOLS:
January-F; February-G; March-H; April-J; May-K; June-M; July-N;
August-Q; September-U; October-V; November-X; December-Z

Mpls=Minneapolis Dul=Duluth KC=Kansas City N=Nominal R/O=River Open
A=Asked B=Bid NB=No Bid NQ=No Quote NC=New Crop

Source: USDA Market News Service, Minneapolis, MN
612-370-3258 Minnesota.LPGMN@ams.usda.gov
24 hour price information 612-370-3260
www.ams.usda.gov/mnreports/ms_gr112.txt
www.ams.usda.gov/lpsmarketnewspage


13:32 c bdp