Minneapolis, MN Daily Cash Grain Report

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MS_GR110    ***Updated Corn and Soybean Basis***
Minneapolis, MN    Tue Jul 15, 2014    USDA Market News

Minneapolis Daily CASH Grain Report

Actual wheat receipts on the exchange floor:
Today's were 140 cars which included 4 trains.
Last year's were 95 cars which included 3 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
58.75 cents lower to 26.25 cents higher from 7.6550-10.0550.  The Spring Wheat basis
was 50 cents lower to 35 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     7.1050N -7.4550  N    dn 8.75                 - -    - -
  13 Pct     7.6550* -8.3050  N    dn 3.75-8.75         6.6050    - -
  14 Pct     8.2050* -8.3050  *    up 26.25-dn 58.75    6.8550    - -
  15 Pct    10.0550                no comp              6.9550    - -
  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                - -                  6.4400
  12 Pct     7.3400A               no comp              6.5900
  13 Pct   No Quote                - -                  6.5900
  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        3.0000B               unch                 3.0000

US 2 Yellow Corn
 Mpls        3.5300B               dn 9.5               3.5300
More corn bids:  Aug 3.5300; Sep 3.3300; Oct 3.3575; Nov 3.3975; R/O 3.6375.

US 1 Yellow Soybeans
 Mpls     12.2650  B               dn 25.5           12.2650
More soybean bids:  Aug 11.9550; Sep 10.7125; Oct 10.4825; Nov 10.5425; R/O 10.7775.

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         3.7425 -  3.8425
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        3.7425 -  3.8425
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  5.6000**

**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

June 2014 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  8.3259
                      14% protein  9.0051
                      15% protein  9.4843
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  4.2752
 No 2 Heavy Oats                   3.8810            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     5.7119            (20 Day To-Arrive Average)
 No 2 Feed Barley                  3.4857
 No 1 Yellow Soybeans              14.1704

Source:   USDA Market News Service, Minneapolis, MN
          Carol Meinders 612-370-3258 Minneapolis.LPGMN@ams.usda.gov
          24 hour price information 612-370-3260
          www.ams.usda.gov/mnreports/ms_gr110.txt
          www.ams.usda.gov/lpsmarketnewspage


15:35     c  elg



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