Minneapolis Daily BASIS Report
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MS_GR112 **UPDATED CORN AND SOYBEANS**
Minneapolis, MN Thu Nov 01, 2012 USDA Market News
Minneapolis Daily BASIS Report
Actual wheat receipts on the exchange floor:
Today's were 15 cars which included 0 trains.
Last year's were 77 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 13 to
15 pct basis was steady.
Current freight spread for unload to Minneapolis is 15 cents; Duluth 22-24
cents.
***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
Dec BASIS -Dec
11 Pct No Quote - - - - - -
12 Pct No Quote - - - - - -
13 Pct +64N unch +0 - -
14 Pct +60N to +75N unch +10 - -
15 Pct +60N to +70N unch +10 - -
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 - Dec BASIS KC - Dec
10 Pct No Quote - -
11 Pct No Quote - - +50
12 Pct +85B no comp +75
13 Pct No Quote - - +85
14 Pct No Quote - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.
US 2 Yellow Corn - Dec futures Mpls - Dec
Mpls -41 B dn 2 -41
More corn bids: Dec -32 (Z); J,F,M -26 (H); Apr -23 (K); May -23 (K);
Jun -22 (N) .
US 1 Yellow Soybeans - Jan futures Mpls - Jan
Mpls -31 B no comp -31
More soybean bids: Apr -14 (K); May -14 (K); Jun -14 (N);
Oats: BASIS -Dec Mpls - Dec
Truck 20 Day To-Arrive
US 2 or Better No Quote - - +5 to +25
Rail 20 Day To-Arrive
+5 to +25
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 Minneapolis.LGMN@ams.usda.gov
24 hour price information 612-370-3260
www.ams.usda.gov/mnreports/MS_GR112.txt
www.ams.usda.gov/lsmarketnews
14:44 c cam
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