USDA Minneapolis Daily Basis – Aug 10

 
MS_GR112 
Minneapolis, MN    Wed Aug 10, 2016    USDA Market News 
 
Minneapolis Daily BASIS Report 
 
Actual wheat receipts on the exchange floor: 
Today's were 83 cars which included 2 trains. 
Last year's were 216 cars which included 6 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 mixed, 10 cents lower to 5 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 
           Sep                                   BASIS -Sep 
  11 Pct   No Quote            - -               - -        - - 
  12 Pct   No Quote            - -               - -        - - 
  13 Pct   +55 to +65A*        dn 10 - unch      -25        - - 
  13.5 Pct +70* to +75         up 5 - dn 5       - -        - - 
  14 Pct   +85                 up 5 - unch       +0         - - 
  14.5 Pct +105                up 5              - -        - - 
  15 Pct   No Quote            - -               +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 - Sep       BASIS KC - Sep 
  10 Pct   No Quote            - - 
  11 Pct   No Quote            - -               +16 
  12 Pct   No Quote            - -               +40 
  13 Pct   No Quote            - -               +48 
  14 Pct   No Quote            - - 
 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 
The following information is quoted Minneapolis, NOT Chicago/Beyond. 
 
US 2 Yellow Corn - Sep futures                   Mpls - Sep 
 Mpls             -30    B     unch              -30 
More corn bids:  Sep -36 (U); Oct -47 (Z); Nov -46 (Z); Apr -30 (K); 
 May -30 (K)  . 
US 1 Yellow Soybeans - Nov futures               Mpls - Nov 
 Mpls             7      B     unch              7 
More soybean bids:  Sep -25 (X); Oct -45 (X); Nov -40 (X); Apr -35 (K); 
 May -35 (K)  . 
Oats:             BASIS -Sep                     Mpls - Sep 
                                                 Truck 20 Day To-Arrive 
 US 2 or Better   No Quote     - -               +50 to +65 
                                                 Rail 20 Day To-Arrive 
                                                 +50 to +65 
 
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[a]ams.usda.gov 
           24 hour price information 612-370-3260 
           www.ams.usda.gov/mnreports/ms_gr112.txt 
           www.ams.usda.gov/lpsmarketnewspage 
 
 
13:32      c  cam/ceb 
 
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