MS_GR115 **UPDATED CORN AND SOYBEANS**
Minneapolis, MN Thu Aug 29, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday August 29, 2013
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was higher this past week. Harvest was in full swing.
The protein is lower this crop year than last. In fact, on Thursday, there was
even an 11.8 pct protein car on the floor that traded at 7.73; 40 cents over the
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 68.75 to 90.75 cents higher from 8.5800-
8.8900, the basis ranged 125-155 cents over the December futures delivered
Chicago/Beyond. The 15's were 50.75 to 58.75 cents higher from 8.9300-9.2800N,
the basis ranged 160-195N cents over the December futures delivered
Chicago/Beyond. The 12 pct protein Hard Red Winter Wheat on the spot floor was
8.2325 with the basis 120 cents over Kansas City December futures delivered
Chicago/Beyond. The 20 day to-arrive truck delivery for 12 pct protein HRW bid
into Minneapolis was 4.00 cents higher at 7.7825; the basis was 75 cents over
the Kansas City December futures.
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 5.45. Feed Barley delivered into Duluth
closed the week with no bid. Feed Barley delivered into Minneapolis was 15
cents higher with a bid of 3.95.
Corn: US 2 Yellow Corn was 15.75 cents higher at 6.0825 with the basis 6 cents
higher lower at 111 cents over the September futures. The to-arrive bids for
corn are: September at 5.7725; October at 4.3850; November at 4.3850; April at
4.7100; May at 4.8000 and June at 4.8050.
Oats: US 2 or better Oats had no quote on the spot market. The To-arrive bids
for oats were 5.00 to 15.00 cents higher from 3.5750-3.8250, the basis was
steady to 10 cents lower from 10-35 cents over the December futures.
Soybeans: US 1 Yellow Soybeans were 81.75 cents higher at 14.6850 with the
basis steady at 100 cents over the November futures. The to-arrive bids for
soybeans are: September at 13.7150; October at 13.4050; November at 13.4750;
April at 12.8100; May at 12.9000 and June at 12.7975.
FUTURES Sep 13 Nov 13 Dec 13 Jan 14 Mar 14 May 14
Spring: 7.2425 - - 7.3300 - - 7.4425 7.5325
HRW 7.0100 - - 7.0325 - - 7.1075 7.1525
Wheat 6.4125 - - 6.5425 - - 6.6575 6.7300
Corn 4.9725 - - 4.8150 - - 4.9425 5.0200
Oats 3.9475 - - 3.4750 - - 3.4875 3.5025
Soybeans 14.3000 13.6850 - - 13.6475 13.3875 13.0900
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 8.07N-8.28 7.8425-7.8925 7.4800
14 pct 8.58-8.88 7.8925*-7.9725 7.7300
15 pct 8.93-9.28N 8.4225-8.6925* 7.8300
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 3.575-3.825
Robust No Quote No Quote 5.4500 - -
US 2 Feed Barley
Mpls 3.95 B 3.80 B 3.9500 - -
US 2 6.0825 B 5.925 B 5.7725 - -
US 1 14.685 B 13.8675 B 13.7150 - -
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
15:02 c cam
Minneapolis, MN Weekly Grain Review
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