Minneapolis, MN Daily Cash Grain Report

MS_GR110
Minneapolis, MN    Tue Feb 26, 2013    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Feb 26           Year Ago
  Wheat                      5             17
  Durum                     28             0
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 66 cars which included 1 trains.
Last year's were 30 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
2.00 to 22.00 cents higher at 9.1900.  The Spring Wheat basis was steady 
to 20 cents higher.

Current freight spread for unload to Minneapolis is 15-20 cents; Duluth 20-25 
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     9.1900                up 22                8.1900    - -
  14 Pct     9.1900                up 17-12             8.1900    - -
  15 Pct     9.1900*               up 12-2              8.1900    - -
  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                - -                  7.7275
  12 Pct   No Quote                - -                  7.9775
  13 Pct   No Quote                - -                  8.0775
  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        5.1500B               unch                 5.1500

US 2 Yellow Corn
 Mpls        6.9400B               up 11.5              6.9800
More corn bids:  Apr 6.9375; May 6.9375; Jun 6.78; Jul 6.78;
  .

US 1 Yellow Soybeans
 Mpls     No Bid                   - -               - -
More soybean bids:  Apr 14.2875; May 14.2875; Jun 14.155; Jul 14.155;
  .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         4.0175 -  4.1175
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        4.0175 -  4.1175
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

January 2013 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  9.3353
                      14% protein  9.4342
                      15% protein  9.6042
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  6.9432
 No 2 Heavy Oats                   3.7901            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     7.0929            (20 Day To-Arrive Average)
 No 2 Feed Barley                  5.0810
 No 1 Yellow Soybeans              No Quote

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/lpsmarketnewspage


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