Minneapolis, MN Daily Cash Grain Report

 Resize text         Printer-friendly version of this article Printer-friendly version of this article


MS_GR110
Minneapolis, MN    Mon Sep 30, 2013    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Sep 30           Year Ago
  Wheat                      0             18
  Durum                      0             0
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 65 cars which included 2 trains.
Last year's were 57 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
2.75 to 27.75 cents lower from 7.9875N-8.9375N.  The Spring Wheat basis
was steady to 10 cents lower.

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     7.9875N -8.1875  N    dn 2.75              7.4375    - -
  14 Pct     8.0875  -8.4375  N    dn 27.75-2.75        7.7875    - -
  15 Pct     8.6375N -8.9375  N    dn 2.75              7.9375    - -
  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                - -                  7.5450
  12 Pct   No Quote                - -                  7.7950
  13 Pct   No Quote                - -                  7.7950
  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        3.2000B               unch                 3.2000

US 2 Yellow Corn
 Mpls        4.3350B               dn 12.5              4.1050
More corn bids:  Nov 4.025; Apr 4.3125; May 4.4025; Jun 4.43;
 Jul 4.46 .

US 1 Yellow Soybeans
 Mpls     12.5775  B               dn 37             12.5275
More soybean bids:  Nov 12.6275; Apr 12.205; May 12.285; Jun 12.1775;
 Jul 12.1775 .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         3.2925 -  3.5425
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        3.2925 -  3.5425
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  5.5000**

**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

August 2013 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  8.0955
                      14% protein  8.3658
                      15% protein  8.5635
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  5.8890
 No 2 Heavy Oats                   3.7758            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     5.8795            (20 Day To-Arrive Average)
 No 2 Feed Barley                  4.0273
 No 1 Yellow Soybeans              13.7899

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


13:46     c  cam



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


8560 4WD Shuttle

Built for Performance. Modern looking 83 hp workhorse with rugged, cast-iron chassis that provides more weight – resulting in more ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight