Minneapolis Basis Report
MS_GR112 *Updated Corn*
Minneapolis, MN    Wed Jul 11, 2018    USDA Market News

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 71 cars which included 2 trains.
Last year's were 143 cars which included 3 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 mixed, 5 cents lower to 10 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  +140N              unch              +15       - -
  13.5 Pct+120* to +140      unch              - -       - -
  14 Pct  +135* to +170      dn 5 - up 10      +40       - -
  15 Pct  +160N              unch              +50       - -
  16 Pct  +175N              unch              - -       - -
  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           - -               +40
  12 Pct  No Quote           - -               +50
  13 Pct  No Quote           - -               +50
  14 Pct  No Quote           - -

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

US 2 Yellow Corn - Sep futures                 Mpls - Sep
 Mpls            -44   B     up 3              -44
More corn bids:  Aug -40 (U); Oct -55 (Z); F/H Nov -47 (Z); Apr/May -33 (K);
 Jun/Jul -33 (N).
US 1 Yellow Soybeans - Aug futures             Mpls - Aug
 Mpls            -47   B     up 2              -47
More soybean bids:  Aug -41 (Q); Oct -65 (X); F/H Nov -51 (X);

Oats:            BASIS Dec                     Mpls - Dec
                                               Truck 20 Day To-Arrive
 US 2 or Better  No Quote    - -               +26 to +70
                                               Rail 20 Day To-Arrive
                                               +26 to +70

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


13:15c  kmb