Minneapolis, MN Daily Cash Grain Report

MS_GR110
Minneapolis, MN    Thu Jan 24, 2013    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Jan 24           Year Ago
  Wheat                    106             50
  Durum                     38             15
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 13 cars which included 0 trains.
Last year's were 80 cars which included 1 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
5.00 cents lower to 5.00 cents higher from 9.3050N-9.7550.  The Spring Wheat 
basis was steady to 10 cents higher.

Current freight spread for unload to Minneapolis is 15-20 cents; Duluth 20-25 
cents.
***PLEASE NOTE: Prices prior to Jan 4, 2010 were for Minneapolis beyond; the
provided freight rate differential to Minneapolis is for Minneapolis unload.

Only the spot wheat/durum rail market is being quoted delivered Chicago/Beyond.
The to-arrive wheat is truck delivered and on a Minneapolis or Duluth based 
market.

NOTE: The 13.5 and 14.5 pct protein category will be added on days when it can
more clearly represent the value of the 14's.

Prices Reflect No. 1 Milling Quality Only.  Milling Quality is defined as
300 or better Falling Numbers; 58 lbs or better test weight; 13.5 pct or less
Moisture; 1.5 Pct or less Damage; 1.5 Pct or less Dockage and 2.0 ppm or less
vomitoxin.
           RAIL - Spot             Change               TRUCK
Wheat on MGEX Floor/Delivered Chicago/Beyond          20 Day To-Arrive
US 1 Milling DNS/NS Wheat                                Mpls     Dul
  11 Pct   No Quote                - -                    - -     - -
  12 Pct   No Quote                - -                    - -     - -
  13 Pct   No Quote                - -                  8.7050    - -
  14 Pct     9.3050N -9.5550  N    dn 5                 8.7050    - -
  15 Pct     9.6550N -9.7550       dn 5-up 5            8.7050    - -
  16 Pct   No Quote                - -                    - -     - -
  17 Pct   No Quote                - -                    - -     - -
    *Train

Balance Spring Wheat - 13 pct
  US 1     No Quote                - -
  US 2     No Quote                - -
  US 3     No Quote                - -
Balance Spring Wheat - 14 pct
  US 1     No Quote                - -
  US 2       9.6050                no comp
  US 3     No Quote                - -
Balance Spring Wheat - 15 pct
  US 1     No Quote                - -
  US 2     No Quote                - -
  US 3     No Quote                - -
 *Train
The Balance Spring Wheat does not meet domestic milling specifications
and is traded at a basis price with market discounts on other grade
factors.
US 1 Hard Red Winter Wheat                               Mpls
  10 Pct   No Quote                - -
  11 Pct   No Quote                - -                  8.5150
  12 Pct     9.3650N -9.5650  N    dn 8.75              8.7650
  13 Pct     9.3650N               dn 8.75              8.8650
  14 Pct   No Quote                - -

Milling Durum:     0  Cars traded with 0 at the Top
 Choice MilNo Quote                - -
 Balance MiNo Quote                - -
 Terminal -No Quote                - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.

           RAIL - Spot             Change             TRUCK-To-Arrive
Rye:                                                     Mpls
 US 1 PlumpNo Quote                - -                    - -
 US 2      No Quote                - -                    - -

Barley:
 US 2 Feed
 Dul       No Quote                - -                   - -
 Mpls        5.1000B               unch                 5.1000

US 2 Yellow Corn
 Mpls        7.0325B               up 3.5               7.0825
More corn bids:  Mar 7.1225; Apr 7.1125; May 7.1125; Jun 7.0425;
 Jul 7.0125 .

US 1 Yellow Soybeans
 Mpls     No Bid                   - -               - -
More soybean bids:  Apr 14.1775; May 14.1775; Jun 14.105; Jul 14.105;
  .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         3.8600 -  3.9300
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        3.8600 -  3.9300
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  7.1000**

**To-Arrive Malting barley is Rail delivered Minneapolis for 1.0 ppm
   vomitoxin with discounts to apply.
                 Mpls=Minneapolis  Dul=Duluth  N=Nominal  R/O= River Open
                  A=Asked  B=Bid   NB=No Bid   NQ=No Quote   NC=New Crop

December 2012 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  9.8246
                      14% protein  9.8309
                      15% protein  9.9437
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  6.9101
 No 2 Heavy Oats                   3.9388            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     7.2184            (20 Day To-Arrive Average)
 No 2 Feed Barley                  5.2895
 No 1 Yellow Soybeans              No Quote

Source:   USDA Market News Service, Minneapolis, MN
          Carol Meinders 612-370-3258 Minneapolis.LGMN@ams.usda.gov
          24 hour price information 612-370-3260
          www.ams.usda.gov/mnreports/MS_GR110.txt
          www.ams.usda.gov/lsmarketnews


14:20     c  cam

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