Minneapolis, MN Thu May 09, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday May 09, 2013
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was lower this past week. Most mills have their needs
met from prior contracts. Farmers attention is on spring planting.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's was 24.75 to 39.75 cents lower from 9.1050-
9.2055, the basis was 25 to 40 cents lower from 85-95 cents over the July
futures delivered Chicago/Beyond. The 15's had no quote on the spot floor. 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 11.50
cents lower at 8.6425; the basis was steady at 85 cents over the Kansas City
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 6.75. Feed Barley delivered into Duluth closed the
week with no bid. Feed Barley delivered into Minneapolis was 5 cents lower with
a bid of 5.05.
Corn: US 2 Yellow Corn was 11.25 cents lower at 6.6875 with the basis 2 cents
higher at 20 cents over the July futures. The to-arrive bids for corn are:
June 687500; July 6.7175; October at 4.9850 and November at 5.0550.
Oats: US 2 or better Oats had no quote on the spot market. The To-arrive bids
for oats were 3.75 to 13.75 cents lower from 4.0250-4.1250, the basis was steady
to 10 cents lower from 20-30 cents over the July futures.
Soybeans: US 1 Yellow Soybeans were 49.50 cents higher at 14.7975 with the
basis 13 cents higher at 71 cents over the July futures. The to-arrive bids for
soybeans are: June at 14.4375 July at 14.0375; October at 11.8600 and November
FUTURES Jul 13 Aug 13 Sep 13 Nov 13 Dec 13 Mar 14
Spring: 8.2550 - - 8.2125 - - 8.2875 8.4025
HRW 7.7925 - - 7.8750 - - 8.0500 8.1800
Wheat 7.2350 - - 7.3150 - - 7.4825 7.6325
Corn 6.4875 - - 5.6600 - - 5.4150 5.5150
Oats 3.8250 - - 3.7050 - - 3.6050 3.6525
Soybeans 14.0875 13.4000 12.6450 12.1900 - - 12.3225
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 8.5050
14 pct 9.105-9.205 9.3525N-9.6025 8.6050
15 pct No Quote 9.5025-9.6525N 8.6050
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 0.0000 - -
US 2 or Btr No Quote No Quote 4.025-4.125
Robust No Quote No Quote 6.7500 - -
US 2 Feed Barley
Mpls 5.05 B 5.1 B 5.0500 - -
US 2 6.6875 B 6.8 B 6.6875 - -
US 1 14.7975 B 14.3025 B 14.4375 - -
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
14:25 c cam
Minneapolis, MN Weekly Grain Review
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