Minneapolis Basis Report
MS_GR112  **Updated Corn**
Minneapolis, MN    Tue Mar 13, 2018    USDA Market News

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 49 cars which included 1 train.
Last year's were 64 cars which included 1 train.

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, 10 cents lower to 5 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
           May                                   BASIS -May
  11 Pct   No Quote            - -               - -        - -
  12 Pct   No Quote            - -               - -        - -
  13 Pct   No Quote            - -               -10        - -
  13.5 Pct +135N               unch              - -        - -
  14 Pct   +145N to +160N      unch              +15        - -
  15 Pct   +170*               up 5 - dn 10      +25        - -
  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     +125                no comp
  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 - May       BASIS KC - May
  10 Pct   No Quote            - -
  11 Pct   No Quote            - -               +55
  12 Pct   No Quote            - -               +65
  13 Pct   No Quote            - -               +65
  14 Pct   No Quote            - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.

US 2 Yellow Corn - May futures                   Mpls -
 Mpls             No Bid       - -               - -
More corn bids:  L/H Apr -45 (K); May -40 (K); Jun -43 (N); Jul -40 (N);
 Aug -50 (U); Oct -62 (Z).
US 1 Yellow Soybeans - May futures               Mpls -
 Mpls             No Bid       - -               - -
More soybean bids:  L/H Apr -72 (K); May -60 (K); Jun -59 (N); Jul -53 (N);
 Aug -53 (Q); Oct -62 (X).
Oats:             BASIS -May                     Mpls - May
                                                 Truck 20 Day To-Arrive
 US 2 or Better   No Quote     - -               +15 to +45
                                                 Rail 20 Day To-Arrive
                                                 +15 to +45

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


13:17c     kmb