Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

USDA-MS: Minneapolis Basis Report

Minneapolis, MN - Fri May 19, 2017 - USDA Market News


Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 108 cars which included 3 trains.
Last year's were 13 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, 50 cents lower to 5 cents higher, mostly 5 to 20 cents 
lower.

***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            - -               -5         - -
  13.5 Pct +70                 dn 5              - -        - -
  14 Pct   +75 to +90*         dn 5 - 50         +10        - -
  14.5 Pct +90 to +115         dn 20 - up 5      - -        - -
  15 Pct   +130 to +160        dn 15 - 10        +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            - -               +25
  12 Pct   No Quote            - -               +35
  13 Pct   No Quote            - -               +35
  14 Pct   No Quote            - -

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

US 2 Yellow Corn - Jul futures                   Mpls - Jul
 Mpls             -32    B     unch              -32
More corn bids:  Jul -32 (N); Aug -40 (U); Oct -51 (Z); F/H Nov -41 (Z);

US 1 Yellow Soybeans - Jul futures               Mpls - Jul
 Mpls             -36    B     dn 4              -36
More soybean bids:  Jul -36 (N); Aug -36 (Q); Oct -53 (X); F/H Nov -43 (X);

Oats:             BASIS -Jul                     Mpls - Jul
                                                 Truck 20 Day To-Arrive
 US 2 or Better   No Quote     - -               +35 to +70
                                                 Rail 20 Day To-Arrive
                                                 +35 to +70

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


13:27      c  ceb

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 49.87
Nat Gas 3.295
Corn 374 2/8
Cotton #2 77.09
Gold 1266.7
Copper 2.5685
Euro 1.11935
USD Index 97.364
SP500 E-mini 2414.75
DJIA E-mini 21066
close_icon
open_icon