MS_GR112 Minneapolis, MN Tue Apr 23, 2019 USDA Market News Minneapolis Daily BASIS Report Actual wheat receipts on the exchange floor: Today's were 187 cars which included 6 trains. Last year's were 11 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 mixed, mostly 5 to 35 cents lower. ***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 May BASIS -May 11 Pct No Quote - - - - - - 12 Pct No Quote - - - - - - 13 Pct No Quote - - +25 - - 13.5 Pct+90* to +120 dn 25 - up 5 - - - - 14 Pct +85* to +100* dn 25 - 10 +25 - - 14.5 Pct+90* to +100* dn 35 - 25 - - - - 15 Pct +105 to +110A dn 5 - 30 +25 - - 16 Pct +150B 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 - - Balance Spring Wheat - 15 pct US 1 150 no comp *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 -May 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 - futures Mpls - May Mpls No Bid - - -33 More corn bids: Jun -40 (N); Jul -39 (N); Oct -53 (Z); Nov -47 (Z); US 1 Yellow Soybeans - futures Mpls - May Mpls No Bid - - -60 More soybean bids: Jun -62 (N); Jul -60 (N); Oct -76 (X); Nov -68 (X); Oats: BASIS May Mpls - May Truck 20 Day To-Arrive US 2 or Better No Quote - - +12 to +60 Rail 20 Day To-Arrive +12 to +60 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 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 13:40 c cam