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USDA - AMS: Minneapolis Basis Report (2020-07-20)

USDA U.S. Department of Agriculture - July 20, 2020


MS_GR112
Minneapolis, MN    Mon Jul 20, 2020    USDA Market News

NOTICE:  As Market News transitions reports to the MARS 
platform and My Market News, report formats will be 
converted from a text version to a more user-friendly 
and accessible PDF format. In the next few weeks, this 
report will move to the new platform and will be 
accessible at: 
https://www.ams.usda.gov/mnreports/AMS_3045.pdf 

If you would like to learn more about MARS and My 
Market News, please contact us at 
Websupport.lpgmn@ams.usda.gov

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 127 cars which included 4 trains.
Last year's were 54 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
          Sep                                  BASIS -Sep
  11 Pct  No Quote           - -               - -       - -
  12 Pct  No Quote           - -               - -       - -
  13 Pct  No Quote           - -               +5        - -
  13.5 Pct+85*               no comp           - -       - -
  14 Pct  +90B*              unch              +5        - -
  14.5 Pct+90B*              no comp           - -       - -
  15 Pct  +150               no comp           +5        - -
  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    +55B to +85A       no comp
  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 - Sep     BASIS KC -Sep
  10 Pct  No Quote           - -
  11 Pct  No Quote           - -               +85
  12 Pct  +130N              no comp           +90
  13 Pct  No Quote           - -               +90
  14 Pct  No Quote           - -

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

US 2 Yellow Corn - Sep futures                 Mpls - Sep
 Mpls            -19   B     unch              -18
More corn bids:  Sep -22 (U); Oct -33 (Z); Nov -24 (Z);

US 1 Yellow Soybeans - Aug futures             Mpls - Aug
 Mpls            -18   B     dn 3              -16
More soybean bids:  Oct -26 (X); Nov -16 (X);

Oats:            BASIS Sep                     Mpls - Sep
                                               Truck 20 Day To-Arrive
 US 2 or Better  No Quote    - -               +55 to +60
                                               Rail 20 Day To-Arrive
                                               +55 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


13:38     c  cam

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