Minneapolis, MN Thu Jul 11, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday July 11, 2013
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was lower this past week. Demand was light as most
mills have their needs met.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 23.00 to 33.00 cents lower at 8.7725, the
basis was 20 to 30 cents lower at 110 cents over the September futures delivered
Chicago/Beyond. The 15's were 3.00 to 23.00 cents lower from 9.0725N-9.1725N,
the basis was steady to 20 cents lower from 140N-150N over the September futures
delivered Chicago/Beyond. The 12 pct protein Hard Red Winter Wheat had no quote
on the exchange floor for the spot market. The 20 day to-arrive truck delivery
for 12 pct protein HRW bid into Minneapolis was 14.00 cents higher at 7.9350;
the basis was steady at 85 cents over the Kansas City September 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 steady at 6.85. Feed Barley delivered into Duluth closed the
week with no bid. Feed Barley delivered into Minneapolis was steady with a bid
Corn: US 2 Yellow Corn was 42.50 cents higher at 6.9575 with the basis 14 cents
higher at 135 cents over the September futures. The to-arrive bids for corn
are: last/half July 6.9275; August at 6.6175; October at 4.8300; November at
4.9000 and River Open at 5.1175.
Oats: US 2 or better Oats had no quote on the spot market. The To-arrive bids
for oats were 16.50 to 2.75 cents lower from 3.8625-3.9125, the basis was steady
from 30-35 cents over the September futures.
Soybeans: US 1 Yellow Soybeans were 6.25 cents lower at 15.7200 with the
basis 37 cents lower at 100 cents over the August futures. The to-arrive bids
for soybeans are: October at 12.6575; November at 12.6975 and River Open at
FUTURES Jul 13 Aug 13 Sep 13 Nov 13 Dec 13 Mar 14
Spring: 7.9650 - - 7.6725 - - 7.7875 7.9200
HRW 7.1150 - - 7.0850 - - 7.2625 7.3875
Wheat 6.7925 - - 6.8300 - - 6.9650 7.0950
Corn 7.1675 - - 5.6075 - - 5.2700 5.3925
Oats 3.9325 - - 3.5625 - - 3.4650 3.5250
Soybeans 16.0125 14.7200 13.3250 12.9075 - - 12.9275
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 8.6225* 8.8025N-8.9525N 8.0225
14 pct 8.7725 9.0025-9.1025 8.1225
15 pct 9.0725N-9.1725N 9.1025N-9.4025N 8.1225
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 3.8625-3.9125
Robust No Quote No Quote 6.8500 - -
US 2 Feed Barley
Mpls 4.85 B 4.85 B 4.8500 - -
US 2 6.9575 B 6.5325 B 6.9275 - -
US 1 15.72 B 15.7825 B 15.7200 - -
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
14:27 c cam
Minneapolis, MN Weekly Grain Review
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