MS_GR112 Minneapolis, MN Tue Aug 04, 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_3045.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 41 cars which included 1 trains. Last year's were 192 cars which included 6 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 steady to 30 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 +80N unch +5 - - 13.5 Pct+75N to +80N unch - - - - 14 Pct +100* up 5 +5 - - 15 Pct +125N to +155 unch - up 30 +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 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 - 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 -32 B unch -32 More corn bids: Sep -33 (U); Oct -41 (Z); Nov -31 (Z); US 1 Yellow Soybeans - Nov futures Mpls - Nov Mpls -20 B dn 3 -20 More soybean bids: F/H Sep -23 (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 - - +7 to +50 Rail 20 Day To-Arrive +7 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 13:36 c bdp