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USDA - AMS: Minneapolis Basis Report (2019-01-22)

USDA U.S. Department of Agriculture - January 22, 2019


MS_GR112
Minneapolis, MN    Tue Jan 22, 2019    USDA Market News

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 57 cars which included 2 trains.
Last year's were 73 cars which included 2 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, 10 cents lower to 20 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
          Mar                                  BASIS -Mar
  11 Pct  No Quote           - -               - -       - -
  12 Pct  +75N               unch              - -       - -
  13 Pct  No Quote           - -               +10       - -
  13.5 Pct+80* to +95        up 5 - 20         - -       - -
  14 Pct  No Quote           - -               +20       - -
  14.5 PctNo Quote           - -               - -       - -
  15 Pct  +85* to +150       dn 10 - up 10     +25       - -
  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 - Mar     BASIS KC -Mar
  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 - Mar futures                 Mpls - Mar
 Mpls            -52   B     no comp           -52
More corn bids:  L/H Apr -35 (K); May -33 (K); Jun -38 (N); Jul -36 (N);
 Oct/Nov -50 (Z).
US 1 Yellow Soybeans - Mar futures             Mpls - Mar
 Mpls            -82   B     no comp           -82
More soybean bids:  L/H Apr -77 (K); May -75 (K); Jun -77 (N); Jul -75 (N);
 Oct/Nov -80 (X).
Oats:            BASIS Mar                     Mpls - Mar
                                               Truck 20 Day To-Arrive
 US 2 or Better  No Quote    - -               +4 to +60
                                               Rail 20 Day To-Arrive
                                               +4 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


13:28     c  kmb

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