MS_GR112
Minneapolis, MN            Thu  Jul 09, 2009         USDA Market News
Minneapolis Daily BASIS Report

Minneapolis Daily Basis Prices: Spot No. 1 Milling Northern/Dark Northern Spring
Wheat.  The Spring Wheat 13 to 15 pct basis was mixed, mostly steady to 15 cents 
lower.

** 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**.
                                                  TRUCK
           RAIL - Spot                           Bid To Arrive
           Mpls/Dul            Change            20 Day
US 1 Milling DNS/NS Wheat                        Mpls    Duluth
           Sep                                   BASIS -Sep
  12 Pct   +5                  no comp           - -     - -
  13 Pct   +5N to +22N         unch              -35     - -
  13.5 Pct +40* to +45N        unch              - -     - -
  14 Pct   +60                 dn 5 - 15         +25     - -
  14.5 Pct +90                 unch - dn 10      - -     - -
  15 Pct   +145 to +170N       up 5 - unch       +65     - -
  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     No Quote            - -
  US 2     No Quote            - -
  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 -Sep
  10 Pct   No Quote            - -
  11 Pct   No Quote            - -               -112
  12 Pct   No Quote            - -               -62
  13 Pct   No Quote            - -               -47
  14 Pct   No Quote            - -

US 2 Yellow Corn - Sep futures                   Mpls - Sep
 Mpls             -7     B     unch              -7
More corn bids:  F/H Aug -8 (U); L/H Aug -17 (U); Sep -32 (U); Oct -49 (Z);
 Nov -43 (Z).
US 1 Yellow Soybeans - Aug futures               Mpls - Aug
 Mpls             33     B     dn 10             33
More soybean bids:  F/H Aug 19 (Q); L/H Aug -16 (Q); Sep -12 (X); Oct -44 (X);
 Nov -36 (X).
                                                 Mpls
Oats:             BASIS -Sep                     BASIS -Sep
                                                 Truck To-Arrive
 US 2 or Better   No Quote     - -               +0 to +5
                                                 Rail To-Arrive
                                                 +0 to +5

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

13:24    C cam
.