MS_GR112 Minneapolis, MN Mon Jul 13, 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 146 cars which included 5 trains. Last year's were 66 cars which included 2 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 25 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 No Quote - - +10 - - 13.5 Pct+125N unch - - - - 14 Pct +125* to +135* up 15 - 25 +10 - - 14.5 Pct+110N unch - - - - 15 Pct +130* up 5 +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 No Quote - - US 2 +40* no comp US 3 No Quote - - Balance Spring Wheat - 15 pct US 1 +70 no comp US 2 +70 no comp 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 - Jul BASIS KC -Sep 10 Pct No Quote - - 11 Pct No Quote - - +85 12 Pct No Quote - - +90 13 Pct No Quote - - +90 14 Pct No Quote - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - The following information is quoted Minneapolis, NOT Chicago/Beyond. US 2 Yellow Corn - Sep futures Mpls - Sep Mpls -18 B unch -18 More corn bids: Aug -18 (U); Sep -22 (U); Oct -34 (Z); Nov -24 (Z); US 1 Yellow Soybeans - Aug futures Mpls - Aug Mpls -15 B unch -15 More soybean bids: Aug -14 (Q); Oct -28 (X); Nov -16 (X); Oats: BASIS Sep Mpls - Sep Truck 20 Day To-Arrive US 2 or Better No Quote - - +38 to +60 Rail 20 Day To-Arrive +38 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 13:21 c cam