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
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
Spring: 8.5550 8.6750 8.7750 - - 8.7825 8.8100
HRW 8.2150 8.3225 8.4050 - - 8.5225 8.6575
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
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 - - - -
US 2 or Btr No Quote No Quote 3.86-3.93
Robust No Quote No Quote 7.1000 - -
US 2 Feed Barley
Mpls 5.10 B 5.15 B 5.1000 - -
US 2 7.0325 B 7.035 B 7.0825 - -
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
15:22 c cam
Minneapolis, MN Weekly Grain Review
- Making recommendations on climate change mitigation
- Vermont Senate passes GMO labeling bill
- Is chocolate milk ban-worthy? Study says ‘no’
- To prevent crime, farmers, deputies use proven tools
- Can ration sorting benefit lactating dairy cattle?
- CME trading outage showed that man can still match the machine