Minneapolis, MN Thu Jan 10, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday January 10, 2013
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was lower this past week. The basis was lower as most
the mills are getting contracted wheat.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 7.25 to 20.25 cents lower from 9.1125N-
9.2925; the basis was steady to 13 cents lower from 72N-90 cents over the March
futures delivered Chicago/Beyond. The 15's were 17.25 to 32.25 cents lower from
9.1925A-9.4925; the basis was 10 to 25 cents lower from 80A-110 cents over the
March futures delivered Chicago/Beyond. The 12 pct protein Hard Red Winter
Wheat was 9.1650N with the basis at 120N cents over the March futures delivered
Chicago/Beyond. The 20 day to-arrive truck delivery for 12 pct protein HRW bid
into Minneapolis was 14.75 cents lower at 8.5150; 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 5 cents lower at 7.10. Feed Barley delivered into Duluth closed
the week with no bid. Feed Barley delivered into Minneapolis was steady with a
bid of 5.00.
Corn: US 2 Yellow Corn was 14.50 cents higher at 6.7875; the basis was 5 cents
higher at 20 cents under the Chicago March futures. The to-arrive bids for corn
are: February at 6.8375, March at 6.8675; April at 6.8450, May at 6.8350, June
at 6.7950 and July 6.7850.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were
21.75 cents higher from 3.6450-3.8450, the basis was 20 cents higher from 25-45
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 13.6150, May at 13.6150, June at 13.6725 and
July at 13.5625.
Sunflowers: The NuSun Sunflowers in Enderlin were 35 cents lower at 22.05;
Fargo was 35 cents lower at 22.05.
FUTURES Mar 13 May 13 Jul 13 Aug 13 Sep 13 Dec 13
Spring: 8.3925 8.5020 8.6025 - - 8.6075 8.6375
HRW 7.9650 8.0650 8.1450 - - 8.2750 8.4000
Wheat 7.4450 7.5355 7.6025 - - 7.7075 7.8575
Corn 6.9875 6.9750 6.9050 - - 6.0725 5.8400
Oats 3.3950 3.4500 3.5050 - - 3.5225 3.5150
Soybeans 13.7975 13.7150 13.6725 13.4825 13.1250 - -
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 8.5425
14 pct 9.1125N-9.2925 9.315-9.365 8.5425
15 pct 9.1925A-9.4925 9.515N-9.665 8.5425
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 3.645-3.845
Robust No Quote No Quote 7.1000 - -
US 2 Feed Barley
Mpls 53.00 B 5.00 B 5.0000 - -
US 2 6.7875 B 6.6425 B 6.8375 - -
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
15:05 c cam
Minneapolis, MN Weekly Grain Review
- DHM Numbers: Cattle on feed, dairy CPI/PPI forecast
- Commentary: Yogurt redux: Readers react
- Protect yourself; MPP-Dairy is easy, LGM-Dairy may be better deal
- Penn State: Understanding the Farm Bill’s MPP-Dairy
- Calves with Sam: Another note on cross-sucking
- Employee Turnover Affecting Your Operation?