MS_GR112
Minneapolis, MN Tue Dec 04, 2012 USDA Market News
Minneapolis Daily BASIS Report
Actual wheat receipts on the exchange floor:
Today's were 53 cars which included 1 trains.
Last year's were 84 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 28 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
Mar BASIS -Mar
11 Pct No Quote - - - - - -
12 Pct No Quote - - - - - -
13 Pct +80 to +98* unch - up 18 +10 - -
14 Pct +98B up 28 - 16 +10 - -
15 Pct +90N to +100 unch - up 5 +10 - -
16 Pct +85B no comp - - - -
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 No Quote - - +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 -30 B unch -30
More corn bids: Jan -26 (H); Feb, Mar -24 (H); Apr -18 (K); May -18 (K);
Jun -18 (N); Jul -18 (N).
US 1 Yellow Soybeans - Jan futures Mpls - Jan
Mpls No Bid - - - -
More soybean bids: Apr -14 (K); May -14 (K); Jun -14 (N); Jul -14 (N);
Oats: BASIS -Mar Mpls - Mar
Truck 20 Day To-Arrive
US 2 or Better No Quote - - +15 to +25
Rail 20 Day To-Arrive
+15 to +25
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
14:04 c cam
Minneapolis Daily BASIS Report
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