Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2023-02-24

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Fri, Feb 24
● Bids as filed21 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Mills and ProcessorsUS #1F.O.B.14.6925–14.7425/bu—−50–−45¢/BuMay (K)15.2950
Terminal ElevatorsUS #1Delivered14.9425–14.9625/bu+0.09−25–−23¢/BuMay (K)15.6250
Terminal ElevatorsUS #1Delivered14.9825–14.9925/bu+0.08−21–−20¢/BuMay (K)15.6517
Terminal ElevatorsUS #1Delivered14.9350–15.0350/bu+0.11−15–−5¢/BuJuly (N)15.6025
Terminal ElevatorsUS #1Delivered14.9050–14.9850/bu+0.11−18–−10¢/BuJuly (N)15.6092
Terminal ElevatorsUS #1Delivered14.7925–14.9700/bu+0.08−40–−32¢/BuMay (K)15.5275

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered8.9750/bu+0.22+15¢/BuMay (K)10.0025
Terminal ElevatorsUS #1Delivered9.0750/bu+0.22+25¢/BuMay (K)10.0025
Terminal ElevatorsUS #1Delivered9.0750/bu+0.22+25¢/BuMay (K)10.0025
Delivered Chicago / BeyondUS #1 MillingDelivered10.0175/bu+0.20+160¢/BuMarch (H)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.0175/bu+0.20+160¢/BuMarch (H)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.1250/bu+0.22+130¢/BuMay (K)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.6250/bu+0.74+180¢/BuMay (K)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.8250–11.0250/bu—+200–+220¢/BuMay (K)10.8625

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered4.3400/bu+0.08+55¢/BuMarch (H)7.0775

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered6.1500–6.4100/bu+0.10−35–−9¢/BuMarch (H)6.3450
Terminal ElevatorsUS #2Delivered6.3225–6.4325/bu+0.10−17–−6¢/BuMay (K)6.3642
Terminal ElevatorsUS #2Delivered6.3525–6.4325/bu+0.10−14–−6¢/BuMay (K)6.3642
Terminal ElevatorsUS #2Delivered6.2675–6.4875/bu+0.12−12–+10¢/BuJuly (N)6.2900
Terminal ElevatorsUS #2Delivered6.2675–6.5275/bu+0.12−12–+14¢/BuJuly (N)6.2900
Terminal ElevatorsUS #2Delivered6.1500–6.4100/bu+0.10−35–−9¢/BuMarch (H)6.2950
Source: USDA AMS · Minneapolis, MN. Bids are what buyers offered on the day USDA collected them, not settled trades. Change and year-ago figures are USDA's own — nothing on this page is recomputed, and prices in different units are never averaged together.