Minneapolis, MN Daily Cash Grain Report

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MS_GR110
Minneapolis, MN    Mon May 14, 2012    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       May 14           Year Ago
  Wheat                     33             31
  Durum                      7             0
  Barley                     0             3

Actual wheat receipts on the exchange floor:
Today's were 53 cars which included 1 trains.
Last year's were 58 cars which included 0 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
5.50 cents lower to 24.50 cents higher from 8.4075N-9.7575.  The Spring Wheat 
basis was 5 cents lower to 25 cents higher.

Current freight spread for unload to Minneapolis is 15 cents; Duluth 22-24 
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.

NOTE: The 13.5 and 14.5 pct protein category will be added on days when it can
more clearly represent the value of the 14's.

Prices Reflect No. 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     Dul
  11 Pct   No Quote                - -                   - -     - -
  12 Pct   No Quote                - -                   - -     - -
  13 Pct     8.4075N          B    dn 0.5              7.6575    - -
  14 Pct     8.8075  -8.9575  A*   dn 0.5-5.5          7.9075    - -
  15 Pct     9.5075N -9.7575       dn 0.5-up 24.5      8.0075    - -
  16 Pct   No Quote                - -                   - -     - -
  17 Pct   No Quote                - -                   - -     - -
    *Train

Balance Spring Wheat - 13 pct
  US 1     No Quote                - -
  US 2       8.4075                no comp
  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       8.9575                no comp
 *Train
The Balance Spring Wheat does not meet domestic milling specifications
and is traded at a basis price with market discounts on other grade
factors.
US 1 Hard Red Winter Wheat                              Mpls
  10 Pct   No Quote                - -
  11 Pct   No Quote                - -                 6.2450
  12 Pct   No Quote                - -                 6.7450
  13 Pct   No Quote                - -                 6.8450
  14 Pct   No Quote                - -

Milling Durum:     0  Cars traded with 0 at the Top
 Choice MilNo Quote                - -
 Balance MiNo Quote                - -
 Terminal -No Quote                - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.

           RAIL - Spot             Change             TRUCK-To-Arrive
Rye:                                                    Mpls
 US 1 PlumpNo Quote                - -                   - -
 US 2      No Quote                - -                   - -

Barley:
 US 2 Feed
 Dul       No Quote                - -                  - -
 Mpls        5.1000B               unch                5.1000

US 2 Yellow Corn
 Mpls        5.8000B               dn 4                5.7700
More corn bids:  Jul 5.64; Aug 5.095; Sep 4.625; Oct 4.565;
 Nov 4.595 Apr 4.7675.

US 1 Yellow Soybeans
 Mpls     13.4400  B               dn 19             13.5800
More soybean bids:  Jul 13.63; Aug 13.4875; Sep 12.5775; Oct 12.5075;
 Nov 12.5875; Apr 12.

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                        3.4350 -  3.5850
           No Quote                - -                RAIL 20 Day To-Arrive
                                                       3.4350 -  3.5850
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                 6.8500**

**To-Arrive Malting barley is Rail delivered Minneapolis for 1.0 ppm
   vomitoxin with discounts to apply.
                 Mpls=Minneapolis  Dul=Duluth  N=Nominal  R/O= River Open
                  A=Asked  B=Bid   NB=No Bid   NQ=No Quote   NC=New Crop

Apr 2012 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  8.9986
                      14% protein  9.6275
                      15% protein  10.1245
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  6.1250
 No 2 Heavy Oats                   3.5475            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     7.0350            (20 Day To-Arrive Average)
 No 2 Feed Barley                  5.1800
 No 1 Yellow Soybeans              14.1540

Source:   USDA Market News Service, Minneapolis, MN
          Carol Meinders 612-370-3258 Minneapolis.LGMN@ams.usda.gov
          24 hour price information 612-370-3260
          www.ams.usda.gov/mnreports/MS_GR110.txt
          www.ams.usda.gov/lsmarketnews


13:47     c  cam


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