USDA Minneapolis, MN Basis Report 08/10 17:31

USDA Minneapolis, MN Basis Report                  08/10 17:31

MS_GR112
Minneapolis, MN    Fri Aug 07, 2020    USDA Market News

NOTICE:  As Market News transitions reports to the MARS 
platform and My Market News, report formats will be 
converted from a text version to a more user-friendly 
and accessible PDF format. In the next few weeks, this 
report will move to the new platform and will be 
accessible at: 
https://www.ams.usda.gov/mnreports/AMS_3046.pdf 

If you would like to learn more about MARS and My 
Market News, please contact us at 
Websupport.lpgmn@ams.usda.gov

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 72 cars which included 2 trains.
Last year's were 83 cars which included 3 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, 20 cents lower to 10 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  No Quote           - -               +5        - -
  13.5 PctNo Quote           - -               - -       - -
  14 Pct  +100* to +110      unch - up 10      +5        - -
  15 Pct  +120 to +125*      dn 20 - 15        +5        - -
  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    +105               no comp
  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           - -               +75
  12 Pct  No Quote           - -               +80
  13 Pct  No Quote           - -               +80
  14 Pct  No Quote           - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.

US 2 Yellow Corn - Sep futures                 Mpls - Sep
 Mpls            -34   B     unch              -34
More corn bids:  Sep -33 (U); Oct -42 (Z); Nov -34 (Z);

US 1 Yellow Soybeans - Nov futures             Mpls - Nov
 Mpls            -17   B     unch              -17
More soybean bids:  F/H Sep -20 (X); L/H Sep -30 (X); Oct -30 (X); Nov -20 (X);

Oats:            BASIS Dec                     Mpls - Dec
                                               Truck 20 Day To-Arrive
 US 2 or Better  No Quote    - -               +14 to +50
                                               Rail 20 Day To-Arrive
                                               +14 to +50

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


13:29     c  bdp

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