Minneapolis, MN Thu Apr 18, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday April 18, 2013
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was mixed this past week. Supply was light on the
exchange floor. Demand was light to moderate. There were a few days that bids\
were split between both May and July futures.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's was 28.25 to 48.25 cents higher at 9.2775, the
basis was steady to 20 cents higher at 110 cents over the May futures delivered
Chicago/Beyond. The 15's were 18.25 to 23.25 cents higher from 9.2775-9.4275;
the basis was 5 to 10 cents lower from 110-125 cents over the May futures
delivered Chicago/Beyond. The 12 pct protein Hard Red Winter Wheat on the spot
floor had no quote. The 20 day to-arrive truck delivery for 12 pct protein HRW
bid into Minneapolis was 10.00 cents higher at 8.2875; the basis was 5 cents
higher at 85 cents over the Kansas City May 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 50 cents higher at 6.75 for May. Feed Barley delivered into
Duluth closed the week with no bid. Feed Barley delivered into Minneapolis was
5 cents higher with a bid of 5.05.
Corn: US 2 Yellow Corn was 13.75 cents lower at 6.3150 with the basis 7 cents
lower at 13 cents under the May futures. The to-arrive bids for corn are: May
6.3350; June 6.3275; July 6.3075; October at 5.0025 and November at 5.0425.
Oats: US 2 or better Oats had no quote on the spot market. The To-arrive bids
for oats were 14.75 cents higher from 4.1850-4.2350, the basis was steady from
30-35 cents over the May futures.
Soybeans: US 1 Yellow Soybeans were 36.50 cents higher at 14.3950 with the
basis 8 cents higher at 9 cents over the May futures. The to-arrive bids for
soybeans are: May at 14.3650, June at 13.9500 July at 13.8500; October at
11.9250 and November at 11.9950.
FUTURES May 13 Jul 13 Aug 13 Sep 13 Nov 13 Dec 13
Spring: 8.1775 8.0225 - - 7.9575 - - 8.0400
HRW 7.4375 7.4900 - - 7.6075 - - 7.7775
Wheat 7.0275 7.0675 - - 7.1375 - - 7.2750
Corn 6.4450 6.2975 - - 5.6675 - - 5.4125
Oats 3.8850 3.7925 - - 3.6925 - - 3.6550
Soybeans 14.3050 13.9000 13.3900 12.6825 12.2350 - -
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 8.695N 8.4275
14 pct 9.2775 8.795N-8.995N 8.5275
15 pct 9.2775-9.4275 9.095N-9.195N 8.5275
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 4.185-4.235
Robust No Quote No Quote 6.7500 - -
US 2 Feed Barley
Mpls 5.05 B 5.00 B 5.0500 - -
US 2 6.315 B 6.4525 B 6.3350 - -
US 1 14.395 B 14.03 B 14.3650 - -
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
13:59 c cam
Minneapolis, MN Weekly Grain Review
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