MS_GR115
Minneapolis, MN Thu Jan 10, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday January 10, 2013
**The prices for spring wheat on the spot rail market are now quoted
delivered Chicago/Beyond.**
The milling wheat market was lower this past week. The basis was lower as most
the mills are getting contracted wheat.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 7.25 to 20.25 cents lower from 9.1125N-
9.2925; the basis was steady to 13 cents lower from 72N-90 cents over the March
futures delivered Chicago/Beyond. The 15's were 17.25 to 32.25 cents lower from
9.1925A-9.4925; the basis was 10 to 25 cents lower from 80A-110 cents over the
March futures delivered Chicago/Beyond. The 12 pct protein Hard Red Winter
Wheat was 9.1650N with the basis at 120N cents over the March futures delivered
Chicago/Beyond. The 20 day to-arrive truck delivery for 12 pct protein HRW bid
into Minneapolis was 14.75 cents lower at 8.5150; the basis was steady at 55
cents over the Kansas City March 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 5 cents lower at 7.10. Feed Barley delivered into Duluth closed
the week with no bid. Feed Barley delivered into Minneapolis was steady with a
bid of 5.00.
Corn: US 2 Yellow Corn was 14.50 cents higher at 6.7875; the basis was 5 cents
higher at 20 cents under the Chicago March futures. The to-arrive bids for corn
are: February at 6.8375, March at 6.8675; April at 6.8450, May at 6.8350, June
at 6.7950 and July 6.7850.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were
21.75 cents higher from 3.6450-3.8450, the basis was 20 cents higher from 25-45
cents over the March futures.
Soybeans: US 1 Yellow Soybeans had no bid until River Open. The to-arrive
bids for soybeans are: April at 13.6150, May at 13.6150, June at 13.6725 and
July at 13.5625.
Sunflowers: The NuSun Sunflowers in Enderlin were 35 cents lower at 22.05;
Fargo was 35 cents lower at 22.05.
FUTURES Mar 13 May 13 Jul 13 Aug 13 Sep 13 Dec 13
MPLS
Spring: 8.3925 8.5020 8.6025 - - 8.6075 8.6375
Kansas City
HRW 7.9650 8.0650 8.1450 - - 8.2750 8.4000
CBOT
Wheat 7.4450 7.5355 7.6025 - - 7.7075 7.8575
Corn 6.9875 6.9750 6.9050 - - 6.0725 5.8400
Oats 3.3950 3.4500 3.5050 - - 3.5225 3.5150
Soybeans 13.7975 13.7150 13.6725 13.4825 13.1250 - -
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 No Quote 8.5425
14 pct 9.1125N-9.2925 9.315-9.365 8.5425
15 pct 9.1925A-9.4925 9.515N-9.665 8.5425
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 - - - -
Oats
US 2 or Btr No Quote No Quote 3.645-3.845
Malting Barley
Robust No Quote No Quote 7.1000 - -
US 2 Feed Barley
Mpls 53.00 B 5.00 B 5.0000 - -
Yellow Corn
US 2 6.7875 B 6.6425 B 6.8375 - -
Soybeans
US 1 No Bid B No Bid B - -
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
15:05 c cam
Minneapolis, MN Weekly Grain Review
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