MS_GR115
Minneapolis, MN Thu Mar 21, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday March 21, 2013
**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. Supplies were light. There
were a few days that the wind was so bad in parts of the region, that rail cars
were not able to be probed.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's was 1.75 to 11.75 cents higher from 9.1775-
9.2275, the basis was steady to 10 cents higher from 115-120 cents over the May
futures delivered Chicago/Beyond. The 15's were 3.25 cents lower from 9.2775N-
9.7275N; the basis was 5 cents lower from 125N-170N cents over the May futures
delivered Chicago/Beyond. The 12 pct protein Hard Red Winter Wheat had no quote
on the spot market, The 20 day to-arrive truck delivery for 12 pct protein HRW
bid into Minneapolis was 7.75 cents higher at 8.2050; the basis was steady at 60
cents over the Kansas City May 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 had no quote for March/April. Feed Barley delivered into Duluth
closed the week with no bid. Feed Barley delivered into Minneapolis was 5 cents
higher with a bid of 5.25.
Corn: US 2 Yellow Corn was 5.50 cents higher at 7.1700, the basis was 11 cents
lower at 16 cents under the Chicago May futures. The to-arrive bids for corn
are: April at 7.2400, May at 7.2000 June at 7.2225, July at 7.2325 and October
at 5.2750.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were 1.50
cents lower at 4.2500, the basis was steady at 30 cents over the May futures.
Soybeans: US 1 Yellow Soybeans had no bid until River Open. The to-arrive
bids for soybeans are: April at 14.4400, May at 14.4400, June at 14.1950 July at
14.1950 and October at 12.4425.
FUTURES May 13 Jul 13 Aug 13 Sep 13 Nov 13 Dec 13
MPLS
Spring: 8.0275 8.0250 - - 8.0125 - - 8.0850
Kansas City
HRW 7.6050 7.6525 - - 7.7625 - - 7.9150
CBOT
Wheat 7.2875 7.2750 - - 7.3275 - - 7.4425
Corn 7.3300 7.1725 - - 5.9825 - - 5.6850
Oats 3.9500 3.8775 - - 3.6450 - - 3.5750
Soybeans 14.4900 14.2550 13.8125 13.1250 12.7525 - -
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 No Quote 9.06N 8.4275
14 pct 9.1775-9.2275 9.06N-9.21N 8.4275
15 pct 9.2775N-9.7275N 9.31N-9.76 8.4275
Durum
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 0.0000 - -
Oats
US 2 or Btr No Quote No Quote 4.25
Malting Barley
Robust No Quote No Quote - - - -
US 2 Feed Barley
Mpls 5.25 B 5.25 B 5.2500 - -
Yellow Corn
US 2 7.17 B 7.115 B 7.2400 - -
Soybeans
US 1 No Bid B No Bid B 14.4400 - -
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/lpsmarketnewspage
14:48 c cam
Minneapolis, MN Weekly Grain Review
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