MINNEAPOLIS - Jun 11/10 - SNS -- USDA daily report on wheat, corn, oat and soybean basis levels delivered track Minneapolis.
Minneapolis Daily BASIS Report Actual wheat receipts on the exchange floor: Today's were 84 cars which included 1 trains. Last year's were 59 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 mostly steady to 25 cents lower. Current freight spread for unload to Minneapolis is 15 cents; Duluth 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 Jul BASIS -Jul 12 Pct -20 to -10 up 5 - unch - - - - 13 Pct +20* to +40 unch - dn 25 -45 - - 13.5 Pct +60 to +110 dn 20 - unch - - - - 14 Pct +150 to +180 up 30 - unch +30 - - 14.5 Pct +200N to +215N unch - - - - 15 Pct +350 unch +100 - - 16 Pct No Quote - - - - - - 17 Pct No Quote - - - - - - 18 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 -Jul 10 Pct No Quote - - 11 Pct No Quote - - -75 12 Pct No Quote - - -50 13 Pct No Quote - - -40 14 Pct No Quote - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - The following information is quoted Minneapolis, NOT Chicago/Beyond. US 2 Yellow Corn - Jul futures Mpls - Jul Mpls -28 B unch -28 More corn bids: July -26 (N); Aug -37 (U); Sep -50 (U); N/C -54 (Z). US 1 Yellow Soybeans - Jul futures Mpls - Jul Mpls -10 B unch -10 More soybean bids: July -18 (N); Aug -50 (Q); Sep -51 (X); N/C -51 (X). Oats: BASIS -Jul Mpls - Jul Truck 20 Day To-Arrive US 2 or Better No Quote - - +0 Rail 20 Day To-Arrive +0 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 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
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