Minneapolis Basis Report
MS_GR112
Minneapolis, MN    Wed Oct 09, 2019    USDA Market News

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 60 cars which included 1 trains.
Last year's were 29 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 12 to
15 pct basis was 15 cents lower to 15 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
          Dec                                  BASIS -Dec
  11 Pct  No Quote           - -               - -       - -
  12 Pct  No Quote           - -               - -       - -
  13 Pct  +70N               unch              +10       - -
  13.5 PctNo Quote           - -               - -       - -
  14 Pct  +100*              up 15             +10       - -
  14.5 Pct+80 to +85         dn 15 - 10        - -       - -
  15 Pct  +100 to +130       up 10 - unch      +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    +85                no comp
  US 2    No Quote           - -
  US 3    No Quote           - -
Balance Spring Wheat - 15 pct
  US 1    +120               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 - Dec     BASIS KC -Dec
  10 Pct  No Quote           - -
  11 Pct  No Quote           - -               +90
  12 Pct  No Quote           - -               +100
  13 Pct  No Quote           - -               +100
  14 Pct  No Quote           - -

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

US 2 Yellow Corn - Dec futures                 Mpls - Dec
 Mpls            -44   B     unch              -44
More corn bids:  Nov -36 (Z); Apr/May -30 (K); Jun/Jul -30 (N);

US 1 Yellow Soybeans - Nov futures             Mpls - Nov
 Mpls            -53   B     unch              -53
More soybean bids:  Nov -47 (X); Apr/May -55 (K); Jun/Jul -55 (N);

Oats:            BASIS Dec                     Mpls - Dec
                                               Truck 20 Day To-Arrive
 US 2 or Better  No Quote    - -               +1 to +55
                                               Rail 20 Day To-Arrive
                                               +1 to +55

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