Minneapolis Daily BASIS Report
Minneapolis Daily Basis Prices: Spot No. 1 Milling Northern/Dark Northern Spring
Wheat. The Spring Wheat 13 to 15 pct basis was steady to 25 cents higher.
** 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**.
TRUCK
RAIL - Spot Bid To Arrive
Mpls/Dul Change 20 Day
US 1 Milling DNS/NS Wheat Mpls Duluth
July BASIS -July
12 Pct No Quote - - - - - -
13 Pct No Quote - - +110 +95
14 Pct +225 to +235 up 25 - 10 +150 +125
15 Pct +245N to +275N unch +170 +135
16 Pct No Quote - - - - - -
17 Pct No Quote - - - - - -
18 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 -July
10 Pct No Quote - -
11 Pct No Quote - - No Quote
12 Pct No Quote - - +60
13 Pct No Quote - - +60
14 Pct No Quote - -
US 2 Yellow Corn - Jul futures Mpls - Jul
Mpls -68 B dn 1 -68
More corn bids: June -56 (N); July -51 (N); Aug -55 (U); N/C -74 (Z).
US 1 Yellow Soybeans - Jul futures Mpls - Jul
Mpls -91 B unch -91
More soybean bids: June -66 (N); July -67 (N); Aug -95 (Q); N/C -108 (X).
Mpls
Oats: BASIS -July BASIS -July
Truck To-Arrive
US 2 or Better No Quote - - -12 to -10
Rail To-Arrive
-12 to -10
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 N=Nominal R/O=River Open
A=Asked B=Bid NB=No Bid NQ=No Quote NC=New Crop
Spot market prices are on track at location. To Arrive bids are on truck at
location. Test weight premiums for Wheat 0-1 cent each 1/2 lbs 58-60 lbs. Test
weight discounts: 1-2 cents each 1/2 lbs 58-56 lbs. Amber Discounts: 5-10
premium; 10-40 cents Durum.
Source: USDA Market News Service, Minneapolis, MN
612-370-3258
24 hour price information 612-370-3260
www.ams.usda.gov/mnreports/MS_GR110.txt
13:32 C cam
.
