Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Mon Jun 30, 2014    USDA Market News



Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 63 cars which included 0 trains.

Last year's were 110 cars which included 3 trains.



Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot

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

Mixed, 15.50 cents lower to 24.50 cents higher from 7.6700N10.5200.  The 

Spring Wheat basis was steady to 40 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     7.6700N -7.9700       dn 15.5-up 14.5         - -    - -

  13 Pct     8.1700N -8.8700       dn 15.5              6.8700    - -

  14 Pct     9.6200                up 24.5-dn 0.5       7.2700    - -

  15 Pct     9.9700N -10.5200      dn 15.5-up 9.5       7.3700    - -

  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       9.0700           B    no comp

  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                - -                  7.0525

  12 Pct   No Quote                - -                  7.2025

  13 Pct   No Quote                - -                  7.2025

  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        3.2500B               dn 5                 3.2500



US 2 Yellow Corn

 Mpls        4.0225B               dn 17.75             4.0225

More corn bids:  Aug 3.9975; Oct 3.7725; Nov 3.8225; R/O 4.045.



US 1 Yellow Soybeans

 Mpls     13.7750  B               dn 31.5           13.7750

More soybean bids:  Aug 12.9175; Oct 11.2225; Nov 11.2625; R/O 11.4075.



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         3.7800 -  3.8800

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        3.7800 -  3.8800

Malting Barley - 2.0 ppm or less vomitoxin

 Robust   70 Pct Btr Plump

           No Quote                - -                  5.6000**



**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



May 2014 AVERAGES

Average prices are for spot market unless otherwise denoted.

MGEX wheat/Delivered Chicago/Beyond

 No 1 DNS Wheat       13% protein  8.5115

                      14% protein  9.3213

                      15% protein  9.9002

 No 1 Hard Amber Durum             No Quote

Minneapolis Based Price

 Rye                  Spot         No Quote

                      To-Arrive    No Quote

 No 2 Yellow Corn                  4.0844

 No 2 Heavy Oats                   4.3040            (20 Day To-Arrive Average)

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

 No 2 Feed Barley                  3.6524

 No 1 Yellow Soybeans              12.4796



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





13:38     c  cam

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