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Sunday, May 18, 2008


 

MS_GR112 Minneapolis, MN Fri May 16, 2008 USDA Market News 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 had no comparison. ** 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 -Sep 12 Pct No Quote - - - - - - 13 Pct +100A no comp +130 +110 14 Pct +200 to +225 no comp +170 +150 15 Pct +225 to +275 no comp +190 +160 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 -Sep 10 Pct No Quote - - 11 Pct No Quote - - No Quote 12 Pct No Quote - - +115 13 Pct No Quote - - +115 14 Pct No Quote - - US 2 Yellow Corn - Jul futures Mpls - Jul Mpls -60 B up 1 -60 More corn bids: June -64 (N); July -55 (N); Aug -55 (U); N/C -78 (Z); . US 1 Yellow Soybeans - Jul futures Mpls - Jul Mpls -80 B unch -80 More soybean bids: June -80 (N); July -68 (N); Aug -95 (Q); N/C -110 (X); . Mpls Oats: BASIS -July BASIS -July Truck To-Arrive US 2 or Better No Quote - - -12 to +3 Rail To-Arrive -12 to +3 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 13:30 C bcs .