Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Mon Sep 08, 2014    USDA Market News



Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 257 cars which included 5 trains.

Last year's were 215 cars which included 5 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, 25.75 cents lower to 84.25 cents higher from 6.9075-12.2575.  The 

Spring Wheat basis was mixed, 25 cents lower to 85 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     6.9075  -7.1075       up 14.25-34.25          - -    - -

  13 Pct     6.8575B*-8.7075       dn 0.75-up 84.25     5.9575    - -

  14 Pct     8.8575  -9.6075  N    dn 20.75-0.75        6.4575    - -

  15 Pct    12.1075  -12.2575      dn 25.75-15.75       6.7075    - -

  16 Pct   No Quote                - -                    - -     - -

  17 Pct   No Quote                - -                    - -     - -

    *Train



Balance Spring Wheat - 13 pct

  US 1     No Quote                - -

  US 2       6.3075                no comp

  US 3     No Quote                - -

Balance Spring Wheat - 14 pct

  US 1       9.1075                no comp

  US 2     No Quote                - -

  US 3     No Quote                - -

Balance Spring Wheat - 15 pct

  US 1     No Quote                - -

  US 2      11.7575                no comp

  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                - -                  6.9400

  12 Pct   No Quote                - -                  6.9900

  13 Pct   No Quote                - -                  6.9900

  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        2.1500B               dn 10                2.1500



US 2 Yellow Corn

 Mpls        3.2125B               dn 7.75              3.0325

More corn bids:  Nov 30725; R/O 3.3275; Jun 3.4175.



US 1 Yellow Soybeans

 Mpls     12.2850  B               up 228            9.7550

More soybean bids:  Nov 9.805; R/O 9.8975; Jul 9.9625.



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         3.8200 -  3.9700

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        3.8200 -  3.9700

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



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





14:05     c  cam

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