MS_GR115
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
delivered Chicago/Beyond.**
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
contracts.
**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
March futures.
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
MPLS
Spring: 8.0650 8.1775 8.2625 - - 8.3025 8.3775
Kansas City
HRW 7.5725 7.6725 7.7475 - - 7.8850 8.0500
CBOT
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
Durum
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 - - - -
Oats
US 2 or Btr No Quote No Quote 4.145-4.215
Malting Barley
Robust No Quote No Quote 7.0500 - -
US 2 Feed Barley
Mpls 5.15 B 5.15 B 5.1500 - -
Yellow Corn
US 2 6.7975 B 6.8375 B 6.8375 - -
Soybeans
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
www.ams.usda.gov/mnreports/ms_gr115.txt
www.ams.usda.gov/lpsmarketnewspage
15:23 c cam
Minneapolis, MN Weekly Grain Review
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