MS_GR115
Minneapolis, MN Wed Nov 21, 2012 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Wednesday November 21, 2012
**The prices for spring wheat on the spot rail market are now quoted
delivered Chicago/Beyond.**
The milling wheat market was mixed this past week. Demand is light as most
mills are full and only buying on a fill-in basis.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 1.25 cents lower to 18.75 cents higher at
10.0400-10.2400 with the basis 90 to 100 cents over the December futures
delivered Chicago/Beyond. The 15's were 26.25 cents lower to 3.75 cents higher
from 9.9400-10.2400; the basis was 20 lower to 10 higher from 80 to 110 cents
over the December futures delivered Chicago/Beyond. The 12 pct protein Hard Red
Winter Wheat on the spot market had no quote. The 20 day to-arrive truck
delivery for 12 pct protein HRW bid into Minneapolis was 10.25 cents lower at
9.5125 with the basis steady at 75 cents over the Kansas City December 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 7.20. Feed Barley delivered into Duluth closed the
week with no bid. Feed Barley delivered into Minneapolis was 10 cents higher
with a bid of 5.50.
Corn: US 2 Yellow Corn was 19.75 cents higher at 7.1400; the basis was steady at
27 cents under the Chicago December futures. The to-arrive bids for corn are:
December at 7.0900; Jan, Feb and March at 7.2025; April at 7.2100, May at
7.2100, June at 7.1075 and July 7.1075.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were 5.50
cents higher from 3.7500-3.9500, the basis was steady from 5-25 cents over the
December futures.
Soybeans: US 1 Yellow Soybeans was 5.25 cents higher at 13.8625 with the
basis 1 cent lower at 22 cents under the Chicago January futures. The to-arrive
bids for soybeans are: April at 13.6050, May at 13.6050, June at 13.5275 and
July at 13.5275.
Sunflowers: The NuSun Sunflowers in Enderlin were 55 cents lower at 21.45;
Fargo had no bid for November.
FUTURES Dec 12 Jan 13 Mar 13 May 13 Jul 13 Aug 13
MPLS
Spring: 9.1400 - - 9.2500 9.3300 9.3475 - -
Kansas City
HRW 8.7625 - - 8.9325 9.0125 8.9750 - -
CBOT
Corn 7.4100 - - 7.4525 7.4200 7.3175 - -
Oats 3.7000 - - 3.8225 3.8425 3.8575 - -
Soybeans - - 14.0825 13.9375 13.7450 13.6775 13.4500
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 10.04N 9.9025N 9.1400
14 pct 10.04-10.24* 10.0525* 9.2400
15 pct 9.94-10.24 10.2025 9.2400
Durum
Choice MillingNo Quote No Quote - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.
This Week Last Week Mpls Duluth
Rye, US 1 No Quote No Quote 0.0000 - -
Oats
US 2 or Btr No Quote No Quote 3.75-3.95
Malting Barley
Robust No Quote No Quote 7.2000 - -
US 2 Feed Barley
Mpls 5.50 B 5.40 B 5.5000 - -
Yellow Corn
US 2 7.1400 B 6.9425 B 7.1400 - -
Soybeans
US 1 13.8625 B 13.81 B 13.8625 - -
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
www.ams.usda.gov/mnreports/MS_GR115.txt
www.ams.usda.gov/lsmarketnews
14:45 c els
Minneapolis, MN Weekly Grain Review
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