Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Fri Sep 12, 2014    USDA Market News



Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 151 cars which included 5 trains.

Last year's were 88 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

14.75 to 24.75 cents lower from 6.5800N-12.2800N.  The Spring Wheat basis

was steady to 10 cents lower.



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     6.5800N -6.6300  N    dn 14.75                - -    - -

  13 Pct     6.6300N -7.1800       dn 14.75             5.1300    - -

  14 Pct     8.2800B*-11.7800 N    dn 14.75             6.1300    - -

  15 Pct    11.8300* -12.2800 N    dn 24.75-14.75       6.3800    - -

  16 Pct   No Quote                - -                    - -     - -

  17 Pct   No Quote                - -                    - -     - -

    *Train



Balance Spring Wheat - 13 pct

  US 1       7.0300B*              dn 24.75

  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                - -                  6.5825

  12 Pct   No Quote                - -                  6.6325

  13 Pct   No Quote                - -                  6.6325

  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        2.5000B               unch                 2.5000



US 2 Yellow Corn

 Mpls        3.1650B               dn 2.5               2.9250

More corn bids:  Nov 2.955; R/O 3.235; Jun 3.3175;

  .



US 1 Yellow Soybeans

 Mpls     12.9125  B               up 3.75           9.5425

More soybean bids:  Nov 9.5825; R/O 9.7325; Jul 9.79;

  .



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         3.7325 -  3.9825

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        3.7325 -  3.9825

Malting Barley - 2.0 ppm or less vomitoxin

 Robust   70 Pct Btr Plump

           No Quote                - -                  6.2000**



**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





13:51     c  cam/re

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