MS_GR115
Minneapolis, MN Thu Jan 24, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday January 24, 2013
**The prices for spring wheat on the spot rail market are now quoted
delivered Chicago/Beyond.**
The milling wheat market was mostly lower this past week. Supplies were
extremely limited. Demand was light as most mills were full.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 3.75 to 13.75 cents lower from 9.3050N-
9.5550N; the basis was steady to 10 cents higher from 75N-100N cents over the
March futures delivered Chicago/Beyond. The 15's were 18.75 cents lower to
26.25 cents higher from 9.6550N-9.7550; the basis was 5 cents lower to 40 cents
higher from 110N-120 cents over the March futures delivered Chicago/Beyond. The
12 pct protein Hard Red Winter Wheat ranged 9.3650N-9.5650N with the basis 115N-
135N cents over the Kansas City March futures delivered Chicago/Beyond. The 20
day to-arrive truck delivery for 12 pct protein HRW bid into Minneapolis was
15.50 cents lower at 8.7650; 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 higher at 7.10. Feed Barley delivered into Duluth
closed the week with no bid. Feed Barley delivered into Minneapolis was 5 cents
lower with a bid of 5.10.
Corn: US 2 Yellow Corn was 0.25 cent lower at 7.0325; the basis was steady at 21
cents under the Chicago March futures. The to-arrive bids for corn are:
February at 7.0825, March at 7.1225; April at 7.1125, May at 7.1125, June at
7.0425 and July 7.0125.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were 7.00
cents lower to 6.00 cents higher from 6.8600-3.9300, the basis was steady to
13.00 cents lower from 25-32 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 14.1775, May at 14.1775, June at 14.1050 and
July at 14.1050.
Sunflowers: The NuSun Sunflowers in Enderlin were 15 cents higher at 22.55;
Fargo was 10 cents higher at 22.50.
FUTURES Mar 13 May 13 Jul 13 Aug 13 Sep 13 Dec 13
MPLS
Spring: 8.5550 8.6750 8.7750 - - 8.7825 8.8100
Kansas City
HRW 8.2150 8.3225 8.4050 - - 8.5225 8.6575
CBOT
Wheat 7.6850 7.7700 7.8225 - - 7.9250 8.0675
Corn 7.2425 7.2425 7.1525 - - 6.0825 5.8550
Oats 3.6100 3.6775 3.7350 - - 3.7375 3.6925
Soybeans 14.3525 14.2375 14.1750 13.9250 13.4600 - -
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 8.7050
14 pct 9.305N-9.555N 9.4425N-9.5925 8.7050
15 pct 9.655N-9.755 9.3925N-9.9425N 8.7050
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 3.86-3.93
Malting Barley
Robust No Quote No Quote 7.1000 - -
US 2 Feed Barley
Mpls 5.10 B 5.15 B 5.1000 - -
Yellow Corn
US 2 7.0325 B 7.035 B 7.0825 - -
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
15:22 c cam
Minneapolis, MN Weekly Grain Review
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