Minneapolis, MN Daily Cash Grain Report

MS_GR110
Minneapolis, MN    Fri Nov 16, 2012    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Nov 16           Year Ago
  Wheat                     53             70
  Durum                     29             10
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 92 cars which included 2 trains.
Last year's were 72 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
25.50 cents lower to 9.50 cents higher from 9.9475-10.0975.  The Spring 
Wheat basis was 15 cents lower to 20 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     9.9775B*-9.9975  *    up 7.5-9.5           9.0975    - -
  14 Pct     9.9475                dn 10.5              9.1975    - -
  15 Pct     9.9475  -10.0975      dn 25.5-10.5         9.1975    - -
  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     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 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                - -                  9.2600
  12 Pct   No Quote                - -                  9.5100
  13 Pct     9.9100                up 9.5               9.6100
  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        5.4000B               unch                 5.4000

US 2 Yellow Corn
 Mpls        7.0000B               up 5.75              7.0000
More corn bids:  Dec 6.94; J,F,M 7.06; Apr 7.0575; May 7.0575;
 Jun  6.9425 Jul 6.9425.

US 1 Yellow Soybeans
 Mpls     13.6225  B               dn 18.75          13.6225
More soybean bids:  Apr 13.375; May 13.375; Jun 13.295; Jul 13.295;
  .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         3.6950 -  3.8950
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        3.6950 -  3.8950
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  7.2000**

**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

October 2012 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  10.2150
                      14% protein  10.1749
                      15% protein  10.1298
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  7.1065
 No 2 Heavy Oats                   3.9832            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     9.9868            (20 Day To-Arrive Average)
 No 2 Feed Barley                  5.5065
 No 1 Yellow Soybeans              14.9859

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


14:16     c  cam

1. Workshop to discuss nutrient application, management, stewardship
2. Help for flood affected farmers
3. Ag markets diverged significantly Friday afternoon
4. Vilsack: Food, Farm and Jobs Bill critical for U.S. producers
5. Ag markets decidedly mixed on Friday morning
6. Dairy among best snacks for diabetics

1. Beware of the soy milk after-taste face
2. Monsters love milk, too
3. Salma Hayek: Milk part of 'perfect' breakfast
4. What sick day? Farmers take just three a year
5. Activists at the door
6. IDFA: Opposition to Dairy Supply Management mounts

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. IDFA: Opposition to Dairy Supply Management mounts
3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
5. Buffet concerned about soil and starvation
6. Cold spring stunts upper Midwest hay crop