Minneapolis, MN Thu Jan 17, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday January 17, 2013
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was higher this past week. Supply was extremely light
as the country was busy shipping corn and soybeans and the mills were full.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 30.00 to 33.00 cents higher from 9.4425N-
9.5925; the basis was steady to 3 cents higher from 75N-90 cents over the March
futures delivered Chicago/Beyond. The 15's were 17.25 to 20.00 to 45.00 cents
higher from 9.3925N-9.9425N; the basis was 10 cents lower to 15 cents higher
from 70N-125N cents over the March futures delivered Chicago/Beyond. The 12 pct
protein Hard Red Winter Wheat had no quote. The 20 day to-arrive truck delivery
for 12 pct protein HRW bid into Minneapolis was 40.50 cents higher at 8.9200;
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 7.05. Feed Barley delivered into Duluth closed
the week with no bid. Feed Barley delivered into Minneapolis was 15 cents
higher with a bid of 5.15.
Corn: US 2 Yellow Corn was 24.75 cents higher at 7.0350; the basis was 1 cent
lower at 21 cents under the Chicago March futures. The to-arrive bids for corn
are: February at 7.0850, March at 7.1050; April at 7.1225, May at 7.1125, June
at 7.0600 and July 7.0500.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were
15.50 cents higher from 6.8000-4.0000, the basis was steady 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 14.0575, May at 14.0575, June at 13.9700 and
July at 13.9500.
Sunflowers: The NuSun Sunflowers in Enderlin were 35 cents higher at 22.40;
Fargo was 35 cents higher at 22.40.
FUTURES Mar 13 May 13 Jul 13 Aug 13 Sep 13 Dec 13
Spring: 8.6925 8.8025 8.8750 - - 8.8675 8.9075
HRW 8.3700 8.4700 8.5425 - - 8.6425 8.7625
Wheat 7.8125 7.8975 7.9525 - - 8.0425 8.1725
Corn 7.2450 7.2525 7.1700 - - 6.1075 5.8650
Oats 3.5500 3.6025 3.6475 - - 3.6400 3.6175
Soybeans 14.3025 14.1475 14.0600 13.7950 13.3025 - -
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 8.8425
14 pct 9.4425N-9.5925 9.1125N-9.2925 8.8425
15 pct 9.3925N-9.9425N 9.1925A-9.4925 8.8425
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 3.8-4.00
Robust No Quote No Quote 7.0500 - -
US 2 Feed Barley
Mpls 5.15 B 5.00 B 5.1500 - -
US 2 7.035 B 6.7875 B 7.0850 - -
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
15:07 c cam