Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Wed Sep 03, 2014    USDA Market News



Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 226 cars which included 4 trains.

Last year's were 102 cars which included 2 trains.



Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot

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

62.50 cents lower to 87.50 cents higher from 6.8525-12.3525.  The Spring 

Wheat basis was mixed, 50 cents lower to 100 cents higher with the full 

advance on 15 pct protein.



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     6.8525                dn 22.5-27.5            - -    - -

  13 Pct     7.0025  -8.0025       dn 12.5-up 6.5       5.9525    - -

  14 Pct     8.6025  -9.1025       dn 12.5-62.5         6.4525    - -

  15 Pct    12.1025  -12.3525      up 87.5-dn 7.5       6.7025    - -

  16 Pct   No Quote                - -                    - -     - -

  17 Pct   No Quote                - -                    - -     - -

    *Train



Balance Spring Wheat - 13 pct

  US 1       6.5225                dn 95.5

  US 2     No Quote                - -

  US 3     No Quote                - -

Balance Spring Wheat - 14 pct

  US 1       8.2025                no comp

  US 2     No Quote                - -

  US 3     No Quote                - -

Balance Spring Wheat - 15 pct

  US 1      11.3525                no comp

  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                - -                  6.8175

  12 Pct   No Quote                - -                  6.8675

  13 Pct   No Quote                - -                  6.8675

  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        2.2500B               dn .10               2.2500



US 2 Yellow Corn

 Mpls       3.2000 B               dn 13.75            3.2000

More corn bids:  Oct 3.06; Nov 3.11; R/O 3.3675; Jun 3.435.



US 1 Yellow Soybeans

 Mpls     9.9900   B               dn 12             9.9900

More soybean bids:  Oct 9.86; Nov 9.91; R/O 10.0625; Jun 10.1075.



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         3.7425 -  3.8925

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        3.7425 -  3.8925

Malting Barley - 2.0 ppm or less vomitoxin

 Robust   70 Pct Btr Plump

           No Quote                - -                  5.7000**



**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



August 2014 AVERAGES

Average prices are for spot market unless otherwise denoted.

MGEX wheat/Delivered Chicago/Beyond

 No 1 DNS Wheat       13% protein  7.5735

                      14% protein  8.1739

                      15% protein  9.6846

 No 1 Hard Amber Durum             No Quote

Minneapolis Based Price

 Rye                  Spot         No Quote

                      To-Arrive    No Quote

 No 2 Yellow Corn                  3.3606

 No 2 Heavy Oats                   3.8231            (20 Day To-Arrive Average)

 No 3 or better Malting Barley     5.7929            (20 Day To-Arrive Average)

 No 2 Feed Barley                  2.5762

 No 1 Yellow Soybeans              12.2567



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





13:53     c  cam

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