Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2023-02-28

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Tue, Feb 28
● Bids as filed19 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered14.5400–14.5600/bu+0.34−25–−23¢/BuMay (K)16.6667
Terminal ElevatorsUS #1Delivered14.5800–14.5900/bu+0.34−21–−20¢/BuMay (K)16.6800
Terminal ElevatorsUS #1Delivered14.5450–14.6450/bu+0.32−15–−5¢/BuJuly (N)16.4975
Terminal ElevatorsUS #1Delivered14.5150–14.5950/bu+0.32−18–−10¢/BuJuly (N)16.5042
Terminal ElevatorsUS #1Delivered14.3900–14.5850/bu+0.34−40–−32¢/BuMay (K)16.6650

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered8.8175/bu+0.02+15¢/BuMay (K)10.9375
Terminal ElevatorsUS #1Delivered8.9175/bu+0.02+25¢/BuMay (K)10.9375
Terminal ElevatorsUS #1Delivered8.9175/bu+0.02+25¢/BuMay (K)10.9375
Delivered Chicago / BeyondUS #1 MillingDelivered9.4775/bu—+135¢/BuMay (K)—
Delivered Chicago / BeyondUS #1 MillingDelivered9.4675–9.7175/bu—+80–+105¢/BuMay (K)—
Delivered Chicago / BeyondUS #1 MillingDelivered9.6675–10.4675/bu+0.52+100–+180¢/BuMay (K)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.9675/bu+0.28+230¢/BuMay (K)12.6375

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered4.0000/bu+0.09+65¢/BuMay (K)7.4375

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered5.9450–6.2050/bu+0.13−35–−9¢/BuMarch (H)—
Terminal ElevatorsUS #2Delivered6.1325–6.2425/bu+0.13−17–−6¢/BuMay (K)7.0342
Terminal ElevatorsUS #2Delivered6.1625–6.2425/bu+0.13−14–−6¢/BuMay (K)7.0342
Terminal ElevatorsUS #2Delivered6.1025–6.3225/bu+0.12−12–+10¢/BuJuly (N)6.9042
Terminal ElevatorsUS #2Delivered6.1025–6.3625/bu+0.12−12–+14¢/BuJuly (N)6.8875
Terminal ElevatorsUS #2Delivered5.9450–6.2050/bu+0.13−35–−9¢/BuMarch (H)6.9908
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.