MGEX Announcement

MGEX, one of the world's largest and most active cash grain markets, is informing all market participants of the following:

Due to changes in rate structures by a Class 1 rail carrier, effective January 4, 2010, daily cash wheat and durum basis will be quoted as a delivered Chicago value. Applicable freight differentials to Minneapolis/St. Paul and Duluth/Superior delivery points will also be provided. Prices will continue to reflect values of railcars offered and traded in the Exchange Room of MGEX for spot or immediate shipment.

The MGEX Exchange Room hosts on-site USDA representation which provides daily and weekly cash grain reports posted on the MGEX website at here. For additional information, contact the USDA representative in the MGEX Exchange Room at (612) 370-3258.