MS_GR112 **UPDATED CORN AND SOYBEANS**
Minneapolis, MN Mon Jan 28, 2013 USDA Market News
Minneapolis Daily BASIS Report
Actual wheat receipts on the exchange floor:
Today's were 178 cars which included 5 trains.
Last year's were 150 cars which included 5 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 20 cents lower to 15 cents higher.
Current freight spread for unload to Minneapolis is 15-20 cents; Duluth 20-25
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
Mar BASIS -Mar
11 Pct No Quote - - - - - -
12 Pct No Quote - - - - - -
13 Pct +75* to +90* no comp +15 - -
14 Pct +90 to +100* up 15 - unch +15 - -
15 Pct +85* to +120N dn 20 - unch +15 - -
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 - - +30
12 Pct +120* up 5 - dn 15 +55
13 Pct No Quote - - +65
14 Pct No Quote - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.
US 2 Yellow Corn - Mar futures Mpls - Mar
Mpls -20 B up 1 -13
More corn bids: Mar -11 (H); Apr -11 (K); May -12 (K); Jun -9 (N);
Jul -11 (N) .
US 1 Yellow Soybeans - Mar futures Mpls - Mar
Mpls No Bid - - - -
More soybean bids: Apr -9 (K); May -9 (K); Jun -9 (N); Jul -9 (N);
Oats: BASIS -Mar Mpls - Mar
Truck 20 Day To-Arrive
US 2 or Better No Quote - - +25 to +32
Rail 20 Day To-Arrive
+25 to +32
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
14:03 c cam
Minneapolis Daily BASIS Report
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