Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2024-05-17

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Fri, May 17
● Bids as filed21 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Mills and ProcessorsUS #1F.O.B.11.2300–12.0300/bu—−105–−25¢/BuJuly (N)13.1750
Terminal ElevatorsUS #1Delivered11.9800–12.0000/bu+0.10−30–−28¢/BuJuly (N)12.9592
Terminal ElevatorsUS #1Delivered12.0300–12.0500/bu+0.12−25–−23¢/BuJuly (N)12.9058
Terminal ElevatorsUS #1Delivered11.4325/bu+0.04−60¢/BuNovember (X)11.2183
Terminal ElevatorsUS #1Delivered11.9300–12.0000/bu+0.12−35–−28¢/BuJuly (N)12.9392

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Delivered Chicago / BeyondUS #1Delivered7.7675/bu—+115¢/BuJuly (N)—
Terminal ElevatorsUS #1Delivered7.2150/bu+0.09+10¢/BuJuly (N)8.1400
Terminal ElevatorsUS #1Delivered7.4150/bu+0.09+30¢/BuJuly (N)8.2400
Terminal ElevatorsUS #1Delivered7.5150/bu+0.09+40¢/BuJuly (N)8.2400
Delivered Chicago / BeyondUS #1Delivered8.2650/bu—+115¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered7.7150/bu+0.09+60¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered7.9650/bu+0.09+85¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered8.0150/bu—+90¢/BuJuly (N)9.5400
Delivered Chicago / BeyondUS #1 MillingDelivered8.3150–8.7150/bu+0.04+120–+160¢/BuJuly (N)9.9650
Delivered Chicago / BeyondUS #1 MillingDelivered8.3650/bu—+125¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered8.8650–9.4150/bu+0.64+175–+230¢/BuJuly (N)10.3400

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered3.8500/bu+0.21+20¢/BuJuly (N)3.7225

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered4.2750–4.3750/bu+0.05−25–−15¢/BuJuly (N)5.6283
Terminal ElevatorsUS #2Delivered4.3450–4.3750/bu+0.05−18–−15¢/BuJuly (N)5.6117
Terminal ElevatorsUS #2Delivered4.2650–4.4150/bu+0.05−50–−35¢/BuDecember (Z)4.5142
Terminal ElevatorsUS #2Delivered4.2050–4.3750/bu+0.05−32–−15¢/BuJuly (N)5.6117
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.