Minneapolis, MN Thu Jul 18, 2013 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday July 18, 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 and only buying what they need until new crop.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 47.00 to 52.00 cents lower from 8.2525-
5.3025B, the basis was 30 to 35 cents lower from 75-80B cents over the September
futures delivered Chicago/Beyond. The 15's were 75.00 to 77.00 cents lower from
8.3025N-8.4225B, the basis was 58 to 60 cents lower from 80N-92N 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 13.75
cents higher at 8.0725; the basis was 20 cents higher at 105 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 5.00 cents higher at 6.90. Feed Barley delivered into Duluth
closed the week with no bid. Feed Barley delivered into Minneapolis was 25
cents lower with a bid of 4.60.
Corn: US 2 Yellow Corn was 17.75 cents lower at 6.7800 with the basis 2 cents
higher at 137 cents over the September futures. The to-arrive bids for corn
are: August at 6.7000; October at 4.6075; November at 4.6775; River Open at
4.8575 and May at 4.8575.
Oats: US 2 or better Oats had no quote on the spot market. The To-arrive bids
for oats were 3.00 cents lower from 3.8325-3.8825, the basis was steady from 30-
35 cents over the September futures.
Soybeans: US 1 Yellow Soybeans were 22.75 cents lower at 15.4925 with the
basis 20 cents lower at 80 cents over the August futures. The to-arrive bids
for soybeans are: last/half August 14.9425; October at 12.3775; November at
12.4575; River Open at 12.3075 and May at 12.3075.
FUTURES Aug 13 Sep 13 Nov 13 Dec 13 Mar 14 May 14
Spring: - - 7.5025 - - 7.6200 7.7500 7.8375
HRW - - 7.0225 - - 7.1600 7.2625 7.3125
Wheat - - 6.6050 - - 6.7300 6.8425 6.9150
Corn - - 5.4100 - - 5.0075 5.1300 5.2075
Oats - - 3.5325 - - 3.4075 3.4725 3.4750
Soybeans 14.6925 13.1625 12.6575 - - 12.6875 12.6375
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 8.3025N 8.6225* 7.8025
14 pct 8.2525-8.3025B 8.7725 7.9025
15 pct 8.3025N-8.4225B 9.0725N-9.1725N 7.9025
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 3.8325-3.8825
Robust No Quote No Quote 6.9000 - -
US 2 Feed Barley
Mpls 4.60 B 4.85 B 4.6000 - -
US 2 6.78 B 6.9575 B 6.7000 - -
US 1 15.4925 B 15.72 B 14.9425 - -
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
14:30 c cam