Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Wed Oct 15, 2014    USDA Market News



Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 176 cars which included 4 trains.

Last year's were not available.



Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot

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

0.50 to 30.50 cents higher from 6.9475-11.6475.  The Spring Wheat basis

was steady to 30 cents higher.



***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     6.9475* -7.0975       up 0.5-15.5             - -    - -

  13 Pct     6.7475N -6.9475  N    up 0.5               4.9475    - -

  13.5 Pct   7.1475N -7.5475       up 0.5-30.5            - -     - -

  14 Pct     7.6475B -8.0475  B*   up 0.5-20.5          5.9475    - -

  14.5 Pct   8.1975                up 30.5                - -     - -

  15 Pct    11.1475N -11.6475 N    up 0.5               6.1975    - -

  16 Pct   No Quote                - -                    - -     - -

  17 Pct   No Quote                - -                    - -     - -

    *Train



Balance Spring Wheat - 13 pct

  US 1       6.3475  -7.1475  B    dn 29.5-up 10.5

  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                - -                  6.4200

  12 Pct     7.0900B               no comp              6.5200

  13 Pct     7.1400N               up 1.75              6.5200

  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        2.4500B               unch                 2.4500



US 2 Yellow Corn

 Mpls        3.0550B               dn 9.5               2.8750

More corn bids:  Nov 2.875; R/O 3.335; Jun 3.4075;

  .



US 1 Yellow Soybeans

 Mpls     9.2550   B               dn 12.25          9.2550

More soybean bids:  Nov 9.275; R/O 9.535; Jun 9.605;

  .



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         3.4950 -  3.6350

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        3.4950 -  3.6350

Malting Barley - 2.0 ppm or less vomitoxin

 Robust   70 Pct Btr Plump

           No Quote                - -                  7.3500**



**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



September 2014 AVERAGES

Average prices are for spot market unless otherwise denoted.

MGEX wheat/Delivered Chicago/Beyond

 No 1 DNS Wheat       13% protein  7.0215

                      14% protein  8.4773

                      15% protein  11.7392

 No 1 Hard Amber Durum             No Quote

Minneapolis Based Price

 Rye                  Spot         No Quote

                      To-Arrive    No Quote

 No 2 Yellow Corn                  3.1020

 No 2 Heavy Oats                   3.8562            (20 Day To-Arrive Average)

 No 3 or better Malting Barley     5.9810            (20 Day To-Arrive Average)

 No 2 Feed Barley                  2.3048

 No 1 Yellow Soybeans              10.7575



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





13:45     c  cam

No comments

Add new comment

(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.

Welcome

to our redesigned homepage!

Scroll Down for more stories