Minneapolis, MN Thu May 03, 2012 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday, May 03, 2012
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was lower this past week. Most mills were full as they
were receiving the wheat on contract in a timely manner.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 22.50 to 2.50 cents lower from 8.8050-
9.0550N; the basis was 5 to 25 cents higher from 135-160N cents over the July
futures delivered Chicago/Beyond. The 15's were 17.50 to 42.50 cents lower from
9.1550B-9.5550 with the basis 15 cents lower to 10 cents higher from 170B-210
cents over the July futures delivered Chicago/Beyond. The 12 pct protein Hard
Red Winter Wheat on the spot market had no quote; there were some 13 pct protein
HRW that traded at 8.5800 with the basis 225 cents over the Kansas City July
futures delivered Chicago/Beyond. The 20 day to-arrive truck delivery for 12
pct protein HRW bid into Minneapolis was 17.00 cents lower at 6.9300 with the
basis steady at 60 cents over the Kansas City July futures.
Durum: Choice and Balance Milling Durum had no quote. Both Minneapolis and
Duluth terminal durum continued to have no quote.
Rye: US 1 Rye had no quote on the spot market. The to-arrive Rye had no bid.
Barley: Robust Malting Barley 60 pct or better plump max. 2.0 ppm vomitoxin
had no quote. The to-arrive bid for 1.0 ppm vomitoxin rail delivered to
Minneapolis was steady at 7.05. Feed Barley delivered into Duluth closed the
week with no bid. Feed Barley delivered into Minneapolis was steady at 5.20.
Corn: US 2 Yellow Corn was 14.50 cents higher at 6.1950 with the basis 5 cents
over the Chicago July futures. The to-arrive bids for corn are: June at 6.1050,
July at 5.9350, August at 5.2250, September at 4.8250, October 4.8050 and
November at 4.8350.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were 1.75
to 8.75 cents higher from 3.5950-3.7450; the basis ranged 15-30 cents over the
Soybeans: US 1 Yellow Soybeans was 16.75 cents lower at 14.4150 with the
basis 32 cents under the Chicago July futures. The to-arrive bids for soybeans
are: June at 14.4850, July at 14.4950, August at 14.2950, September at 13.3075,
October 13.2675 and November at 13.3275.
Sunflowers: The NuSun Sunflowers in Enderlin was 15 cents lower at 27.00;
Fargo was 15 cents lower at 27.00.
FUTURES Jul 12 Aug 12 Sep 12 Nov 12 Dec 12 Mar 13
Spring: 7.4550 - - 7.4625 - - 7.5100 7.5950
HRW 6.3300 - - 6.4900 - - 6.7300 6.8900
Corn 6.1450 - - 5.3750 - - 5.2950 5.4125
Oats 3.4450 - - 3.4800 - - 3.5300 3.5600
Soybeans 14.7350 14.5250 14.0000 13.6775 - - 13.6225
Cash Market Delivered 20 day truck
This Week Last Week
Wheat on MGEX Floor/Delivered Chicago/Beyond Mpls Duluth
US 1 Milling DNS/NS Wheat
13 pct 8.205-8.605 8.63-8.73 7.8550
14 pct 8.805-9.055N 9.03-9.08 8.1050
15 pct 9.155B-9.555 9.33N-9.98 8.2050
Choice MillingNo Quote No Quote - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.
ThisLast Week Mpls Duluth
Rye, US 1 No Quote No Quote - - - -
US 2 or Btr No Quote No Quote 3.595-3.745
Robust No Quote No Quote 7.0500 - -
US 2 Feed Barley
Mpls 5.2 B 5.2 B 5.2000 - -
US 2 6.195 B 6.05 B 6.1950 - -
US 1 14.415 B 14.5825 B 14.4150 - -
N = Nominal; A = Ask; B = Bid
Source: USDA Market News Service, Minneapolis, MN
Carol Meinders 612-370-3258 Minneapolis.LGMN@ams.usda.gov
24 hour price information 612-370-3260
14:47 c cam
Minneapolis, MN Weekly Grain Review
- Crop markets surged again Thursday night
- Accelerated Genetics sets Leadership Conference
- Yogurt nominated as New York’s ‘state snack’
- 6 of California’s Top 10 counties saw 2013 milk output declines
- USDA amends Appalachian, Southeast and Florida federal orders
- Legislation would block EPA from releasing producer information
- “Ag-gag” laws in the news
- Conventional agriculture winning some, losing some in culture war
- Can genomics, OPU and IVF take the industry to the 'next level?'
- Preventing roof collapses from snow on agricultural buildings
- Monsanto opens search for 2014 "Farm Mom of the Year"
- School breakfasts celebrated from coast to coast
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