|
Minneapolis Basis Report USDA - Thu Dec 06, 3:30PM CST MS_GR112 ***Updated Corn and Soybeans***
Minneapolis, MN Thu Dec 06, 2018 USDA Market News
Minneapolis Daily BASIS Report
Actual wheat receipts on the exchange floor:
Today's were 36 cars which included 1 train.
Last year's were 46 cars which included 1 train.
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 15 cents lower to 40 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 No Quote - - - - - -
13 Pct No Quote - - +10 - -
13.5 Pct+105N unch - - - -
14 Pct +110* to +144 dn 10 - up 9 +20 - -
14.5 Pct+105 dn 10 - 15 - - - -
15 Pct +160 up 40 - 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 - - +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 - Mar futures Mpls -
Mpls -59 B up 2 - -
More corn bids: L/H Apr -33 (K); May -32 (K); Jun -36 (N); Jul -35 (N);
US 1 Yellow Soybeans - Jan futures Mpls -
Mpls -80 B No Comp - -
More soybean bids: L/H Apr -69 (K); May -67 (K); Jun -69 (N); Jul -67 (N);
Oats: BASIS Mar Mpls - Mar
Truck 20 Day To-Arrive
US 2 or Better No Quote - - +22 to +60
Rail 20 Day To-Arrive
+22 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
13:30c kmb |
