Minneapolis, MN Daily Cash Grain Report

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


MS_GR110
Minneapolis, MN    Fri Aug 30, 2013    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Aug 30           Year Ago
  Wheat                     17             24
  Durum                      0             0
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 94 cars which included 1 trains.
Last year's were 99 cars which included 2 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
2.75 cents lower to 7.25 cents higher from 8.0425N-9.2525N.  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     7.7025N               dn 2.75                - -     - -
  12 Pct     8.0025N               dn 2.75                - -     - -
  13 Pct     8.0425N -8.3025       dn 2.75-up 2.25      7.4525    - -
  14 Pct     8.6025* -8.9525       up 2.25-7.25         7.7025    - -
  15 Pct     8.9525  -9.2525  N    up 2.25-dn 2.75      7.8025    - -
  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     No Quote                - -
  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                - -                  7.6350
  12 Pct     8.0850  -8.1850       dn 14.75-4.75        7.7850
  13 Pct   No Quote                - -                  7.7850
  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        3.9500B               unch                 3.9500

US 2 Yellow Corn
 Mpls        6.0600B               dn 2.25              5.7500
More corn bids:  Oct 4.39; Nov 4.39; Apr 4.715; May 4.805;
 Jun 4.8175 .

US 1 Yellow Soybeans
 Mpls     14.5750  B               dn 11             13.6050
More soybean bids:  Oct 13.295; Nov 13.365; Apr 12.8375; May 12.9275;
 Jun 12.8375 .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         3.5050 -  3.7550
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        3.5050 -  3.7550
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  5.4500**

**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

July 2013 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  8.5600
                      14% protein  8.5727
                      15% protein  8.7495
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  6.4690
 No 2 Heavy Oats                   3.8332            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     6.7864            (20 Day To-Arrive Average)
 No 2 Feed Barley                  4.6593
 No 1 Yellow Soybeans              14.9745

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


13:45     c  cam



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Caterpillar Small Wheel Loaders

Cat® Small Wheel Loaders provide superior performance and versatility to help agriculture producers improve productivity and efficiency. An extensive range ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight