Cash grain bids / Minnesota / Minneapolis Daily Grain Report / 2024-05-28

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Feed & Hay — the cost side, cash not futures

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Minneapolis Daily Grain Report

Minnesota · Minneapolis · Tue, May 28
● Bids as filed18 quotesUSDA AMS · slug 3046

Soybeans

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered12.0150–12.0350/bu+0.21−28–−26¢/BuJuly (N)12.8817
Terminal ElevatorsUS #1Delivered12.0450–12.0950/bu+0.21−25–−20¢/BuJuly (N)12.7983
Terminal ElevatorsUS #1Delivered11.5050/bu+0.09−60¢/BuNovember (X)10.9625
Terminal ElevatorsUS #1Delivered11.9750–12.0350/bu+0.23−32–−26¢/BuJuly (N)12.8483

Wheat

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1Delivered7.6750/bu+0.05+10¢/BuJuly (N)8.0300
Terminal ElevatorsUS #1Delivered7.8750/bu+0.05+30¢/BuJuly (N)8.1300
Terminal ElevatorsUS #1Delivered7.9750/bu+0.05+40¢/BuJuly (N)8.1300
Delivered Chicago / BeyondUS #1 MillingDelivered8.4625/bu—+115¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered8.4750–8.5750/bu+0.05+90–+100¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered9.2750/bu—+170¢/BuJuly (N)—
Delivered Chicago / BeyondUS #1 MillingDelivered8.7750/bu+0.05+120¢/BuJuly (N)9.2300
Delivered Chicago / BeyondUS #1 MillingDelivered10.0750/bu+0.05+250¢/BuJuly (N)10.1300

White Oats

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #1/2Delivered4.2200/bu+0.01+45¢/BuJuly (N)3.9600

Corn

Bid per bushel · basis vs futures
Delivery pointGradeFreightBidChangeBasisFuturesYear ago
—
Terminal ElevatorsUS #2Delivered4.4150–4.4750/bu—−21–−15¢/BuJuly (N)—
Terminal ElevatorsUS #2Delivered4.4250–4.4750/bu—−20–−15¢/BuJuly (N)—
Terminal ElevatorsUS #2Delivered4.4650–4.4750/bu+0.02−16–−15¢/BuJuly (N)5.9833
Terminal ElevatorsUS #2Delivered4.3525–4.5025/bu+0.03−50–−35¢/BuDecember (Z)4.7692
Terminal ElevatorsUS #2Delivered4.3550–4.4750/bu+0.01−27–−15¢/BuJuly (N)5.9833
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.