Minneapolis, MN Thu Feb 07, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday February 07, 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
continued to be 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 10.75 to 20.75 cents lower from 9.3925N-
9.5425; the basis was 5 to 15 cents higher from 100N-115 cents over the March
futures delivered Chicago/Beyond. The 15's were 20.75 cents lower to 9.25 cents
higher from 9.5925A-9.6425; the basis was 5 to 35 cents higher from 120A-125
cents over the March futures delivered Chicago/Beyond. The 12 pct protein Hard
Red Winter Wheat was 31.75 cents lower at 9.2100N with the basis 5 cents higher
at 120N 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
36.75 cents lower at 8.5600; 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 steady at 7.05. Feed Barley delivered into Duluth closed the
week with no bid. Feed Barley delivered into Minneapolis was steady with a bid
Corn: US 2 Yellow Corn was 27.75 cents lower at 6.9875; the basis was 2 cents
higher at 12 cents under the Chicago March futures. The to-arrive bids for corn
are: March at 6.9975; April at 7.0100, May at 7.0000, June at 6.9275 and July
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were
21.50 cents higher from 4.0650-4.1350, the basis was steady 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 14.6625, May at 14.6625, June at 14.5525 and
July at 14.5525.
Sunflowers: The NuSun Sunflowers in Enderlin were 45 cents higher at 22.25;
Fargo was 15 cents higher at 22.60.
FUTURES Mar 13 May 13 Jul 13 Aug 13 Sep 13 Dec 13
Spring: 8.3925 8.5150 8.6050 - - 8.6300 8.6750
HRW 8.0100 8.1225 8.1975 - - 8.3125 8.4625
Wheat 7.5600 7.6300 7.6350 - - 7.7125 7.8425
Corn 7.1075 7.1200 7.0175 - - 5.8925 5.6650
Oats 3.8150 3.7175 3.6975 - - 3.6900 3.7100
Soybeans 14.8675 14.7325 14.6225 14.3150 13.7425 - -
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 9.3925N 9.4N-9.5N 8.5925
14 pct 9.3925N-9.5425 9.6N-9.65 8.5925
15 pct 9.5925A-9.6425 9.5N-9.85N 8.5925
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 4.065-4.135
Robust No Quote No Quote 7.0500 - -
US 2 Feed Barley
Mpls 5.20 B 5.20 B 5.2000 - -
US 2 6.9875 B 7.265 B 6.9875 - -
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
15:26 c cam
Minneapolis, MN Weekly Grain Review
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- 13th annual Animal Ag Summit "Cracking the Millennial Code"
- Exports: Corn sales set 10-week low…again
- CME trading outage showed that man can still match the machine
- Dairy markets: In search of equilibrium
- Livestock markets lagged crop futures in early Thursday action