Minneapolis Basis Report


MS_GR112 **This report will not be released Monday, May 25, 2020**
Minneapolis, MN Fri May 22, 2020 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 51 cars which included 0 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 mixed, 5 cents lower to 25 cents higher.

***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 - - +15 - -
14 Pct +115N to +140 unch - up 25 +15 - -
14.5 Pct+110 dn 5 - - - -
15 Pct +155N to +160 unch - dn 4 +15 - -
16 Pct +135N unch - - - -
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 - - +75
12 Pct No Quote - - +85
13 Pct No Quote - - +85
14 Pct No Quote - -

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

US 2 Yellow Corn - Jul futures Mpls - Jul
Mpls -21 B dn 1 -23
More corn bids: Jul -23 (N); Aug -29 (U); Oct -39 (Z); Nov -32 (Z);

US 1 Yellow Soybeans - Jul futures Mpls - Jul
Mpls -22 B unch -20
More soybean bids: Jul -14 (N); Aug -14 (Q); Oct -30 (X); Nov -21 (X);

Oats: BASIS Jul Mpls - Jul
Truck 20 Day To-Arrive
US 2 or Better No Quote - - -15 to +60
Rail 20 Day To-Arrive
-15 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
Carol Meinders 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


13:16 c cam