MS_GR112 Minneapolis, MN Tue Feb 09, 2010 USDA Market News Minneapolis Daily BASIS Report Actual wheat receipts on the exchange floor: Today's were 38 cars which included 0 trains. Last year's were 59 cars which included 0 trains. Minneapolis Grain Exchange Daily Grain Prices Delivered Chicago/Beyond: Spot No. 1 Milling Northern/Dark Northern Spring Wheat. The spring Wheat 13 to 15 pct basis was steady to 50 cents higher. Current freight spread for unload to Minneapolis is 15 cents; Duluth 25 cents. ***PLEASE NOTE: Prices prior to Jan 4, 2010 were for Minneapolis beyond; the provided freight rate differential to Minneapolis is for Minneapolis unload. Only the spot wheat/durum rail market is being quoted delivered Chicago/Beyond. The to-arrive wheat is truck delivered and on a Minneapolis or Duluth based market. ** The basis is for US 1 Milling Quality Only. Milling Quality is defined as 300 or better Falling Numbers; 58 lbs or better test weight; 13.5 Pct or less moisture; 1.5 Pct or less Damage; 1.5 Pct or less Dockage and 2.0 ppm or less vomitoxin**. RAIL - Spot Change TRUCK Wheat on MGEX Floor/Delivered Chicago/Beyond 20 Day To-Arrive US 1 Milling DNS/NS Wheat Mpls Duluth Mar BASIS -Mar 12 Pct +10N unch - - - - 13 Pct +40 to +80 no comp -35 - - 13.5 Pct +80 to +105N unch - - - - 14 Pct +200N to +250 unch - up 25 +40 - - 14.5 Pct +300 to +325N up 50 - unch - - - - 15 Pct +360 to +375N up 10 - unch +80 - - 16 Pct No Quote - - - - - - 17 Pct No Quote - - - - - - 18 Pct No Quote - - - - - - *Train Balance Spring Wheat - 13 pct US 1 No Quote - - US 2 No Quote - - US 3 No Quote - - Balance Spring Wheat - 14 pct US 1 +200 no comp US 2 +315 no comp US 3 No Quote - - Balance Spring Wheat - 15 pct US 1 No Quote - - US 2 No Quote - - US 3 No Quote - - *Train The above Spring Wheat does not meet domestic milling specifications and is traded at a basis price with market discounts on other grade factors. Mpls US 1 Hard Red Winter Wheat BASIS -Mar 10 Pct No Quote - - 11 Pct No Quote - - -57 12 Pct No Quote - - -17 13 Pct No Quote - - -7 14 Pct No Quote - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - The following information is quoted Minneapolis, NOT Chicago/Beyond. US 2 Yellow Corn - Mar futures Mpls - Mar Mpls -47 B dn 2 -47 More corn bids: R/O -30 (K); May -27 (K); June -30 (N); July -28 (N). US 1 Yellow Soybeans - Jan futures Mpls - Jan Mpls No Bid - - - - More soybean bids: R/O -33 (K); May -31 (K); June -33 (N); July -33 (N). Oats: BASIS -Mar Mpls - Mar Truck 20 Day To-Arrive US 2 or Better No Quote - - +0 Rail 20 Day To-Arrive +0 BASIS REPORT SYMBOLS: January-F; February-G; March-H; April-J; May-K; June-M; July-N; August-Q; September-U; October-V; November-X; December-Z Mpls=Minneapolis Dul=Duluth N=Nominal R/O=River Open A=Asked B=Bid NB=No Bid NQ=No Quote NC=New Crop Source: USDA Market News Service, Minneapolis, MN 612-370-3258 24 hour price information 612-370-3260 www.ams.usda.gov/mnreports/MS_GR110.txt 13:23 C cam .