MS_GR112
Minneapolis, MN Fri May 04, 2012 USDA Market News
Minneapolis Daily BASIS Report
Actual wheat receipts on the exchange floor:
Today's were 126 cars which included 3 trains.
Last year's were 66 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 13 to
15 pct basis was steady to 20 cents higher.
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
Jul BASIS -Jul
11 Pct No Quote - - - - - -
12 Pct No Quote - - - - - -
13 Pct +75N to +120 unch - up 5 +40 - -
14 Pct +135 to +160N unch +65 - -
15 Pct +175 to +230 up 5 - 20 +75 - -
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 +145 no comp
US 3 No Quote - -
Balance Spring Wheat - 15 pct
US 1 No Quote - -
US 2 +160* dn 5
US 3 +150* no comp
*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 - - +10
12 Pct No Quote - - +60
13 Pct +225N unch +70
14 Pct No Quote - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.
US 2 Yellow Corn - Jul futures Mpls - Jul
Mpls 6 B up 1 6
More corn bids: Jun 2 (N); Jul -20 (N); Aug -14 (U); Sep -55 (U);
Oct -49 (Z); Nov -46 (Z).
US 1 Yellow Soybeans - Jul futures Mpls - Jul
Mpls -32 B unch -32
More soybean bids: Jun -26 (N); Jul -24 (N); Aug -24 (Q); Sep -37 (X);
Oct -44 (X); Nov -36 (X).
Oats: BASIS -Jul Mpls - Jul
Truck 20 Day To-Arrive
US 2 or Better No Quote - - +15 to +30
Rail 20 Day To-Arrive
+15 to +30
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
13:24 c cam
Minneapolis Daily BASIS Report
Related Articles
No matching related articles at this time.
Comments (0) Leave a comment