Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2023-06-02

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Fri, Jun 2
● Bids as filed22 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Mills and ProcessorsUS #1F.O.B.12.7750–13.9750/bu—+15–+45¢/BuAugust (Q)16.7225
Terminal ElevatorsUS #1Delivered13.5250–13.5750/bu—0–+5¢/BuJuly (N)—
Terminal ElevatorsUS #1Delivered13.3250–13.4250/bu+0.23−20–−10¢/BuJuly (N)—
Terminal ElevatorsUS #1Delivered11.1875–11.3575/bu+0.15−65–−48¢/BuNovember (X)14.8067
Terminal ElevatorsUS #1Delivered11.2375–11.3875/bu+0.15−60–−45¢/BuNovember (X)—
Terminal ElevatorsUS #1Delivered13.5250–13.6250/bu+0.280–+10¢/BuJuly (N)17.0608

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered8.1775/bu+0.19+10¢/BuJuly (N)12.1675
Terminal ElevatorsUS #1Delivered8.2775/bu+0.19+20¢/BuJuly (N)12.1675
Terminal ElevatorsUS #1Delivered8.2775/bu+0.19+20¢/BuJuly (N)12.1675
Delivered Chicago / BeyondUS #1 MillingDelivered9.2225/bu—+110¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered9.4275/bu—+135¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.0775/bu+0.74+200¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered9.5275/bu—+145¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered10.4775/bu+1.09+240¢/BuJuly (N)13.9175
Delivered Chicago / BeyondUS #1 MillingDelivered9.5775/bu—+150¢/BuJuly (N)13.3175
Delivered Chicago / BeyondUS #1 MillingDelivered9.8775/bu—+180¢/BuJuly (N)—

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered3.8750/bu+0.02+50¢/BuJuly (N)7.4550

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered6.0900–6.3200/bu—0–+23¢/BuJuly (N)—
Terminal ElevatorsUS #2Delivered6.1400–6.3200/bu+0.17+5–+23¢/BuJuly (N)7.1767
Terminal ElevatorsUS #2Delivered4.9125–4.9625/bu+0.11−50–−45¢/BuDecember (Z)6.4233
Terminal ElevatorsUS #2Delivered4.9625–5.0125/bu+0.11−45–−40¢/BuDecember (Z)—
Terminal ElevatorsUS #2Delivered6.1400–6.3200/bu+0.22+5–+23¢/BuJuly (N)7.2000
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.