Minneapolis, MN Thu Mar 21, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday March 21, 2013
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was mixed this past week. Supplies were light. There
were a few days that the wind was so bad in parts of the region, that rail cars
were not able to be probed.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's was 1.75 to 11.75 cents higher from 9.1775-
9.2275, the basis was steady to 10 cents higher from 115-120 cents over the May
futures delivered Chicago/Beyond. The 15's were 3.25 cents lower from 9.2775N-
9.7275N; the basis was 5 cents lower from 125N-170N cents over the May futures
delivered Chicago/Beyond. The 12 pct protein Hard Red Winter Wheat had no quote
on the spot market, The 20 day to-arrive truck delivery for 12 pct protein HRW
bid into Minneapolis was 7.75 cents higher at 8.2050; the basis was steady at 60
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 had no quote for March/April. Feed Barley delivered into Duluth
closed the week with no bid. Feed Barley delivered into Minneapolis was 5 cents
higher with a bid of 5.25.
Corn: US 2 Yellow Corn was 5.50 cents higher at 7.1700, the basis was 11 cents
lower at 16 cents under the Chicago May futures. The to-arrive bids for corn
are: April at 7.2400, May at 7.2000 June at 7.2225, July at 7.2325 and October
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were 1.50
cents lower at 4.2500, the basis was steady at 30 cents over the May futures.
Soybeans: US 1 Yellow Soybeans had no bid until River Open. The to-arrive
bids for soybeans are: April at 14.4400, May at 14.4400, June at 14.1950 July at
14.1950 and October at 12.4425.
FUTURES May 13 Jul 13 Aug 13 Sep 13 Nov 13 Dec 13
Spring: 8.0275 8.0250 - - 8.0125 - - 8.0850
HRW 7.6050 7.6525 - - 7.7625 - - 7.9150
Wheat 7.2875 7.2750 - - 7.3275 - - 7.4425
Corn 7.3300 7.1725 - - 5.9825 - - 5.6850
Oats 3.9500 3.8775 - - 3.6450 - - 3.5750
Soybeans 14.4900 14.2550 13.8125 13.1250 12.7525 - -
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 9.06N 8.4275
14 pct 9.1775-9.2275 9.06N-9.21N 8.4275
15 pct 9.2775N-9.7275N 9.31N-9.76 8.4275
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 4.25
Robust No Quote No Quote - - - -
US 2 Feed Barley
Mpls 5.25 B 5.25 B 5.2500 - -
US 2 7.17 B 7.115 B 7.2400 - -
US 1 No Bid B No Bid B 14.4400 - -
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
14:48 c cam
Minneapolis, MN Weekly Grain Review
- Green milk returns in time for St. Patrick’s Day
- Ag markets ended Tuesday in mixed fashion once again.
- Bill would keep farmer’s private information private
- Land availability top young farmer concern
- USDA expands support for small, mid-sized farmers and ranchers
- DHM Markets/Marketers: CWT sales, dairy cattle auctions
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