Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Wed May 28, 2014    USDA Market News

***RESENDING WITH CORN AND SOYBEEAN R/O CASH BIDS.***

Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 137 cars which included 3 trains.

Last year's were 21 cars which included 0 trains.



Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot

No. 1 Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was

10.50 cents lower to 4.50 cents higher from 7.93B*-9.28.  The Spring Wheat basis

was 10 cents lower to 5 cents higher.



Current freight spread for unload to Minneapolis is 15-20 cents; Duluth 20-25 cents.

***PLEASE NOTE: Prices prior to Jan 4, 2010 were for Minneapolis beyond; the

provided freight rate differential to Minneapolis is for Minneapolis unload.



Only the spot wheat/durum rail market is being quoted delivered Chicago/Beyond.

The to-arrive wheat is truck delivered and on a Minneapolis or Duluth based market.



NOTE: The 13.5 and 14.5 pct protein category will be added on days when it can

more clearly represent the value of the 14's.



Prices Reflect No. 1 Milling Quality Only.  Milling Quality is defined as

300 or better Falling Numbers; 58 lbs or better test weight; 13.5 pct or less

Moisture; 1.5 Pct or less Damage; 1.5 Pct or less Dockage and 2.0 ppm or less

vomitoxin.

           RAIL - Spot             Change               TRUCK

Wheat on MGEX Floor/Delivered Chicago/Beyond          20 Day To-Arrive

US 1 Milling DNS/NS Wheat                                Mpls     Dul

  11 Pct   No Quote                - -                    - -     - -

  12 Pct     7.9300B*-8.1800  A*   no comp                 - -    - -

  13 Pct     8.3300N -8.3800       dn 0.5-up 4.5        7.2300    - -

  14 Pct     8.4300  -8.5300       dn 10.5-0.5          7.5800    - -

  15 Pct     8.7800B -9.2800       no comp              7.7300    - -

  16 Pct   No Quote                - -                    - -     - -

  17 Pct   No Quote                - -                    - -     - -

    *Train



Balance Spring Wheat - 13 pct

  US 1     No Quote                - -

  US 2     No Quote                - -

  US 3     No Quote                - -

Balance Spring Wheat - 14 pct

  US 1     No Quote                - -

  US 2     No Quote                - -

  US 3     No Quote                - -

Balance Spring Wheat - 15 pct

  US 1     No Quote                - -

  US 2     No Quote                - -

  US 3     No Quote                - -

 *Train

The Balance Spring Wheat does not meet domestic milling specifications

and is traded at a basis price with market discounts on other grade

factors.

US 1 Hard Red Winter Wheat                               Mpls

  10 Pct   No Quote                - -

  11 Pct   No Quote                - -                  7.4100

  12 Pct   No Quote                - -                  7.5600

  13 Pct     7.8600                no comp              7.5600

  14 Pct   No Quote                - -



Milling Durum:     0  Cars traded with 0 at the Top

 Choice MilNo Quote                - -

 Balance MiNo Quote                - -

 Terminal -No Quote                - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The following information is quoted Minneapolis, NOT Chicago/Beyond.



           RAIL - Spot             Change             TRUCK-To-Arrive

Rye:                                                     Mpls

 US 1 PlumpNo Quote                - -                     - -

 US 2      No Quote                - -                     - -



Barley:

 US 2 Feed

 Dul       No Quote                - -                    - -

 Mpls        3.9000B               dn 0.05              3.9000



US 2 Yellow Corn

 Mpls        4.4850B               up 2.75              4.4650

More corn bids:  Jul 4.445; Oct 4.235; Nov 4.265; R/O 4.47***



US 1 Yellow Soybeans

 Mpls     14.8675  B               up 9              14.8675

More soybean bids:  Jul 14.7675; Oct 12.08; Nov 12.12; R/O 12.195***



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         3.9975

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        3.9975

Malting Barley - 2.0 ppm or less vomitoxin

 Robust   70 Pct Btr Plump

           No Quote                - -                  5.7500**



**To-Arrive Malting barley is Rail delivered Minneapolis for 1.0 ppm

   vomitoxin with discounts to apply.

                 Mpls=Minneapolis  Dul=Duluth  N=Nominal  R/O= River Open

                  A=Asked  B=Bid   NB=No Bid   NQ=No Quote   NC=New Crop



April 2014 AVERAGES

Average prices are for spot market unless otherwise denoted.

MGEX wheat/Delivered Chicago/Beyond

 No 1 DNS Wheat       13% protein  8.4130

                      14% protein  8.7271

                      15% protein  9.1691

 No 1 Hard Amber Durum             No Quote

Minneapolis Based Price

 Rye                  Spot         No Quote

                      To-Arrive    No Quote

 No 2 Yellow Corn                  4.7224

 No 2 Heavy Oats                   4.5826            (20 Day To-Arrive Average)

 No 3 or better Malting Barley     6.2238            (20 Day To-Arrive Average)

 No 2 Feed Barley                  3.9500

 No 1 Yellow Soybeans              14.5787



Source:   USDA Market News Service, Minneapolis, MN

          Carol Meinders 612-370-3258 Minneapolis.LPGMN@ams.usda.gov

          24 hour price information 612-370-3260

          www.ams.usda.gov/mnreports/ms_gr110.txt

          www.ams.usda.gov/lpsmarketnewspage





14:08     c  cam

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