Minneapolis, MN Thu Feb 21, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday February 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 extremely
limited. Demand was light as most mills had their needs met from previous
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's ranged 9.2150-9.2650, the basis ranged 115-120
cents over the March futures delivered Chicago/Beyond. The 15's were 2.75 cents
lower to 2.25 cents higher from 9.2150-9.2650N; the basis was 10 to 15 cents
higher from 115-120N cents over the March futures delivered Chicago/Beyond. The
12 pct protein Hard Red Winter Wheat had no quote on the spot floor. The 20 day
to-arrive truck delivery for 12 pct protein HRW bid into Minneapolis was 7.75
cents lower at 8.2225; the basis was 10 cents higher at 65 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 higher at 7.05. Feed Barley delivered into Duluth
closed the week with no bid. Feed Barley delivered into Minneapolis was steady
with a bid of 5.15.
Corn: US 2 Yellow Corn was 4.00 cents lower at 6.7975; the basis was steady at
11 cents under the Chicago March futures. The to-arrive bids for corn are:
March at 6.8375; April at 6.8250, May at 6.82750 June at 6.7225 and July 6.7225.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were 9.50
cents higher from 4.1450-4.2150, the basis was steady from 25-32 cents over the
Soybeans: US 1 Yellow Soybeans had no bid until River Open. The to-arrive
bids for soybeans are: April at 14.6650, May at 14.6650, June at 14.5050 and
July at 14.5050.
Sunflowers: The NuSun Sunflowers in Enderlin were 5 cents higher at 22.45;
Fargo was steady at 22.50.
FUTURES Mar 13 May 13 Jul 13 Aug 13 Sep 13 Dec 13
Spring: 8.0650 8.1775 8.2625 - - 8.3025 8.3775
HRW 7.5725 7.6725 7.7475 - - 7.8850 8.0500
Wheat 7.2125 7.2400 7.2800 - - 7.3650 7.5000
Corn 6.9075 6.8550 6.7325 - - 5.7400 5.5400
Oats 3.8950 3.8750 3.8250 - - 3.7950 3.7175
Soybeans 14.8775 14.7050 14.5450 14.1400 13.3500 - -
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 9.0425B* 8.3150
14 pct 9.215-9.265 No Quote 8.3150
15 pct 9.215-9.265N 9.1925N-9.2925N 8.3150
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 4.145-4.215
Robust No Quote No Quote 7.0500 - -
US 2 Feed Barley
Mpls 5.15 B 5.15 B 5.1500 - -
US 2 6.7975 B 6.8375 B 6.8375 - -
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
15:23 c cam
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