Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2024-03-07

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Thu, Mar 7
● Bids as filed18 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered11.4125/bu+0.18−25¢/BuMay (K)14.8975
Terminal ElevatorsUS #1Delivered11.4125/bu+0.18−25¢/BuMay (K)14.9075
Terminal ElevatorsUS #1Delivered11.4600/bu+0.17−30¢/BuJuly (N)14.8775
Terminal ElevatorsUS #1Delivered11.2125–11.3725/bu+0.18−45–−29¢/BuMay (K)14.7908

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered6.6975/bu+0.10+15¢/BuMay (K)8.3250
Terminal ElevatorsUS #1Delivered6.8975/bu+0.10+35¢/BuMay (K)8.4250
Terminal ElevatorsUS #1Delivered6.9975/bu+0.10+45¢/BuMay (K)8.4250
Delivered Chicago / BeyondUS #1Delivered7.8475/bu—+130¢/BuMay (K)—
Delivered Chicago / BeyondUS #1 MillingDelivered8.2475/bu+0.10+170¢/BuMay (K)9.3725
Delivered Chicago / BeyondUS #1 MillingDelivered8.2975/bu+0.06+175¢/BuMay (K)9.6500
Delivered Chicago / BeyondUS #1 MillingDelivered8.5475–9.2975/bu—+200–+275¢/BuMay (K)10.4750
Delivered Chicago / BeyondUS #2Delivered8.5475/bu—+200¢/BuMay (K)—
Delivered Chicago / BeyondUS #3Delivered7.3975/bu—+165¢/BuMay (K)—

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered4.1875/bu+0.02+60¢/BuMay (K)4.1350

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered4.1500–4.1800/bu+0.09−23–−20¢/BuMay (K)6.0217
Terminal ElevatorsUS #2Delivered4.1500–4.2100/bu+0.09−23–−17¢/BuMay (K)6.0417
Terminal ElevatorsUS #2Delivered4.2450–4.2650/bu+0.10−25–−23¢/BuJuly (N)5.9942
Terminal ElevatorsUS #2Delivered4.0300–4.1600/bu+0.09−35–−22¢/BuMay (K)5.9250
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.