Minneapolis, MN Daily Cash Grain Report

 Resize text         Printer-friendly version of this article Printer-friendly version of this article


MS_GR110   ***Correction Chicago and Kansas City Futures***
Minneapolis, MN    Mon Oct 08, 2012    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Oct 08           Year Ago
  Wheat                     60             62
  Durum                      0             0
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 74 cars which included 1 trains.
Last year's were 90 cars which included 3 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
15.00 cents lower to 15.00 cents higher from 10.0550-10.3450.  The Spring Wheat basis
was 20 cents lower to 10 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    10.0450  -10.3450      dn 15-up 15          9.2450    - -
  14 Pct    10.0950N               up 5                 9.3450    - -
  15 Pct    10.0450* -10.1450 N    up 5                 9.3450    - -
  16 Pct   No Quote                - -                    - -     - -
  17 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       9.9450                dn 5
  US 3     No Quote                - -
Balance Spring Wheat - 15 pct
  US 1     No Quote                - -
  US 2     No Quote                - -
  US 3     No Quote                - -
 *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     9.7575                no comp              8.9775
  12 Pct   No Quote                - -                  9.2275
  13 Pct   No Quote                - -                  9.3275
  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        5.4500B               unch                 5.4500

US 2 Yellow Corn
 Mpls        6.9500B               dn 6                 6.9500
More corn bids:  Nov 7.09; Dec 7.17; J,F,M 7.16; Apr 7.0825;
 May 7.0825 Jun  7.05.

US 1 Yellow Soybeans
 Mpls     15.0900  B               dn 0.5            15.0900
More soybean bids:  Nov 15.32; Apr 14.63; May 14.63; Jun 14.1075;
  .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         3.7550 -  3.9550
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        3.7550 -  3.9550
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  7.0500**

**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

September 2012 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  9.8118
                      14% protein  9.8217
                      15% protein  9.9349
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  7.2629
 No 2 Heavy Oats                   3.8851            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     9.9868            (20 Day To-Arrive Average)
 No 2 Feed Barley                  5.5789
 No 1 Yellow Soybeans              16.3199

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


14:57     c  els



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


AG10 Series Silage Defacers

Loosen silage while maintaining a smooth, compacted bunker space resulting in better feed and less waste. This unique tool pierces, ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight