Kansas Daily Grain Bid Insights

By Scout Nelson

The daily grain report is an essential resource for anyone involved in the agricultural markets, particularly those trading in grain commodities. Released by the USDA’s Livestock, Poultry, and Grain Market News Division, this report provides comprehensive bids and trading data of grain commodities.

It adheres strictly to the official USDA standards or guidelines for classing and grading coarse grains, oilseeds, and pulses. The report includes detailed price spreads and simple averages for individual grain commodities. A notable feature of this daily update is the inclusion of a basis, which is calculated from the current or previous day's close of publicly traded futures prices.

This basis is crucial for traders and producers to understand the price adjustments relative to the futures market, providing a clear indicator of market trends. Commodity exchanges such as the Chicago Board of Trade, Minneapolis Grain Exchange, and Kansas City Board of Trade are the primary benchmarks used in calculating the basis, ensuring that the information is reliable and reflective of national market conditions.

This integration allows for a more rounded view of how local and regional market conditions compare against broader national benchmarks. Additionally, as of August 3, 2020, this report has been modified to include all Illinois Grain Reports, enhancing its scope and usefulness by incorporating more regional data under reports AMS_2886 and AMS_2888.

This expansion ensures that users of the report have access to comprehensive and timely information that affects their trading decisions. This daily grain bid report is not only a tool for current price evaluation but also serves as a historical reference that can help market participants predict future trends and make informed decisions.

By maintaining daily updates, the report offers real-time insights that are crucial for anyone involved in the agricultural sectors, particularly those dealing with grain commodities.

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