Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2023-05-23

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Tue, May 23
● Bids as filed16 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered13.0850–13.1250/bu+0.19−14–−10¢/BuJuly (N)17.1200
Terminal ElevatorsUS #1Delivered13.0250–13.0750/bu+0.19−20–−15¢/BuJuly (N)16.9633
Terminal ElevatorsUS #1Delivered11.2275–11.3975/bu+0.09−65–−48¢/BuNovember (X)14.7117
Terminal ElevatorsUS #1Delivered11.2775–11.4275/bu—−60–−45¢/BuNovember (X)—
Terminal ElevatorsUS #1Delivered13.0050–13.1250/bu+0.21−22–−10¢/BuJuly (N)17.1200

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered8.3075/bu+0.11+10¢/BuJuly (N)13.0225
Terminal ElevatorsUS #1Delivered8.4075/bu+0.11+20¢/BuJuly (N)13.0225
Terminal ElevatorsUS #1Delivered8.4075/bu+0.11+20¢/BuJuly (N)13.0225
Delivered Chicago / BeyondUS #1 MillingDelivered10.2075/bu+0.11+200¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.2075–10.6075/bu+0.29+200–+240¢/BuJuly (N)14.5725

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered3.7150/bu+0.07+50¢/BuJuly (N)—

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered5.6250–6.0550/bu+0.07−15–+28¢/BuJuly (N)7.6575
Terminal ElevatorsUS #2Delivered5.5750–6.0550/bu+0.07−20–+28¢/BuJuly (N)7.6108
Terminal ElevatorsUS #2Delivered4.6675–4.7175/bu+0.08−50–−45¢/BuDecember (Z)6.7592
Terminal ElevatorsUS #2Delivered4.7175–4.7675/bu—−45–−40¢/BuDecember (Z)—
Terminal ElevatorsUS #2Delivered5.6250–6.0550/bu+0.07−15–+28¢/BuJuly (N)7.6242
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.