Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2023-05-16

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Tue, May 16
● Bids as filed17 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered13.5000–13.5400/bu+0.37−14–−10¢/BuJuly (N)16.8000
Terminal ElevatorsUS #1Delivered13.4400–13.4900/bu+0.37−20–−15¢/BuJuly (N)16.7000
Terminal ElevatorsUS #1Delivered11.4200–11.5900/bu+0.24−65–−48¢/BuNovember (X)14.7983
Terminal ElevatorsUS #1Delivered13.4200–13.5400/bu+0.37−22–−10¢/BuJuly (N)16.7800

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered8.8875/bu+0.06+10¢/BuJuly (N)14.2850
Terminal ElevatorsUS #1Delivered8.9875/bu+0.06+20¢/BuJuly (N)14.2850
Terminal ElevatorsUS #1Delivered8.9875/bu+0.06+20¢/BuJuly (N)14.2850
Delivered Chicago / BeyondUS #1 MillingDelivered10.0375/bu—+125¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.1875/bu—+140¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.1875–10.7875/bu+0.55+140–+200¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.3875/bu+0.06+160¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.5875–11.1875/bu—+180–+240¢/BuJuly (N)16.0350

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered3.9500/bu+0.04+50¢/BuJuly (N)—

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered5.8625–6.1125/bu+0.11+5–+30¢/BuJuly (N)7.9075
Terminal ElevatorsUS #2Delivered5.7125–6.1125/bu+0.11−10–+30¢/BuJuly (N)7.8808
Terminal ElevatorsUS #2Delivered4.5525–4.6025/bu+0.10−50–−45¢/BuDecember (Z)7.1142
Terminal ElevatorsUS #2Delivered5.7725–6.1125/bu+0.11−4–+30¢/BuJuly (N)7.8475
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.