Minneapolis, MN Daily Cash Grain Report

 Resize text         Printer-friendly version of this article Printer-friendly version of this article


MS_GR110  **UPDATED CORN AND SOYBEANS**
Minneapolis, MN    Wed Apr 17, 2013    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Apr 17           Year Ago
  Wheat                     11             23
  Durum                     10             6
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 82 cars which included 2 trains.
Last year's were 78 cars which included 0 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
1.50 cents lower from 9.1825-9.4825.  The Spring Wheat basis was steady.

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                - -                  8.3325    - -
  14 Pct     9.1825*               dn 1.5               8.4325    - -
  15 Pct     9.3825  -9.4825       no comp              8.4325    - -
  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       9.1325B*-9.1825  A*   dn 1.5
  US 3     No Quote                - -
Balance Spring Wheat - 15 pct
  US 1     No Quote                - -
  US 2       9.2325                no comp
  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     8.5200                no comp
  11 Pct   No Quote                - -                  8.0200
  12 Pct   No Quote                - -                  8.2700
  13 Pct   No Quote                - -                  8.3700
  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        5.0500B               dn 0.05              5.0500

US 2 Yellow Corn
 Mpls        6.4750B               dn 4.75              6.4950
More corn bids:  Jun 6.4425; Jul 6.4225; Oct 5.0625; Nov 5.1025;
  .

US 1 Yellow Soybeans
 Mpls     14.3125  B               up 9.75           14.2825
More soybean bids:  Jun 13.85; Jul 13.75; Oct 11.87; Nov 11.94;
  .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         4.1650 -  4.2150
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        4.1650 -  4.2150
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  6.7500**

**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

March 2013 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  9.0810
                      14% protein  9.1696
                      15% protein  9.4251
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  7.1464
 No 2 Heavy Oats                   4.2619            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     6.8727            (20 Day To-Arrive Average)
 No 2 Feed Barley                  5.2200
 No 1 Yellow Soybeans              13.9563

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/lpsmarketnewspage


15:07     c  cam


Related Articles

Sponsored Links


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


DewPoint 6110

The patented "DewPoint" technology enables commercial hay growers to bale hay anytime the crop is sufficiently dry, without the need ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight