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 Nov 08, 2013    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Nov 08           Year Ago
  Wheat                      0             0
  Durum                      0             0
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 0 cars which included 0 trains.
Last year's were 0 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
16.50 cents lower to 38.50 cents higher from 8.2800N-9.2300.  The Spring Wheat 
basis was 15 cents lower to 40 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     8.3300                dn 6.5                 - -     - -
  13 Pct     8.2800N               dn 1.5               7.2800    - -
  14 Pct     8.2800A -8.4800       dn 6.5-16.5          7.6300    - -
  15 Pct     8.7800N -9.2300       dn 1.5-up 38.5       7.7800    - -
  16 Pct   No Quote                - -                    - -     - -
  17 Pct   No Quote                - -                    - -     - -
    *Train

Balance Spring Wheat - 13 pct
  US 1       8.2300                no comp
  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                - -                  7.3350
  12 Pct   No Quote                - -                  7.5850
  13 Pct   No Quote                - -                  7.5850
  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        3.4500B               unch                 3.4500

US 2 Yellow Corn
 Mpls        4.1875B               up 6.25              4.1375
More corn bids:  Dec 3.9975; Apr 4.2; May 4.27; Jun 4.3075;
 Jul 4.2975 .

US 1 Yellow Soybeans
 Mpls     13.0400  B               up 29.5           13.0400
More soybean bids:  Apr 12.38; May 12.43; Jun 12.3825; Jul 12.3325;
  .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         3.5450 -  3.6950
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        3.5450 -  3.6950
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

October 2013 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  8.6266
                      14% protein  8.7766
                      15% protein  9.2903
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  4.1809
 No 2 Heavy Oats                   3.5702            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     5.5000            (20 Day To-Arrive Average)
 No 2 Feed Barley                  3.3909
 No 1 Yellow Soybeans              12.7525

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


13:46     c  cam



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Biotal Forage Inoculants

"Biotal offers a range of forage inoculants proven to help win the battle to preserve feed quality and value. Call ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight