MS_GR112 Minneapolis, MN Wed Oct 23, 2019 USDA Market News Minneapolis Daily BASIS Report Actual wheat receipts on the exchange floor: Today's were 45 cars which included 1 trains. Last year's were 88 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 40 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 No Quote - - +0 - - 13.5 Pct+125N unch - - - - 14 Pct +145* up 25 +0 - - 14.5 Pct+140 to +150B up 30 - 40 - - - - 15 Pct +150 to +160 up 20 - 30 +0 - - 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 - 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 -26 B unch -26 More corn bids: Apr/May -30 (K); Jun/Jul -30 (N); US 1 Yellow Soybeans - Nov futures Mpls - Nov Mpls -40 B up 2 -36 More soybean bids: Apr/May -55 (K); Jun/Jul -55 (N); Oats: BASIS Dec Mpls - Dec Truck 20 Day To-Arrive US 2 or Better No Quote - - -12 to +50 Rail 20 Day To-Arrive -12 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 13:37 c bdp