Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2024-05-16

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

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

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered11.8825/bu+0.03−28¢/BuJuly (N)13.2125
Terminal ElevatorsUS #1Delivered11.9125–11.9425/bu+0.03−25–−22¢/BuJuly (N)13.1592
Terminal ElevatorsUS #1Delivered11.3900/bu+0.02−60¢/BuNovember (X)11.3333
Terminal ElevatorsUS #1Delivered11.8125–11.8825/bu+0.03−35–−28¢/BuJuly (N)13.1592

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered7.3075/bu+0.06+10¢/BuJuly (N)8.3850
Terminal ElevatorsUS #1Delivered7.5075/bu+0.06+30¢/BuJuly (N)8.4850
Terminal ElevatorsUS #1Delivered7.6075/bu+0.06+40¢/BuJuly (N)8.4850
Delivered Chicago / BeyondUS #1 MillingDelivered7.8075/bu+0.06+60¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered8.0575/bu—+85¢/BuJuly (N)9.5350
Delivered Chicago / BeyondUS #1 MillingDelivered8.3575–8.8075/bu+0.51+115–+160¢/BuJuly (N)10.2183
Delivered Chicago / BeyondUS #1 MillingDelivered8.4575/bu—+125¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered9.5075/bu+0.06+230¢/BuJuly (N)10.5850

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered4.0600/bu+0.12+20¢/BuJuly (N)3.8775

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered4.3200–4.4200/bu+0.06−25–−15¢/BuJuly (N)5.6358
Terminal ElevatorsUS #2Delivered4.3900–4.4200/bu+0.06−18–−15¢/BuJuly (N)5.6192
Terminal ElevatorsUS #2Delivered4.3175–4.4675/bu+0.05−50–−35¢/BuDecember (Z)4.5242
Terminal ElevatorsUS #2Delivered4.2500–4.4200/bu+0.06−32–−15¢/BuJuly (N)5.6358
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.