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 Stock Market Quotes, Business News, Financial News from http://commodity-market-news.com
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