Minneapolis, MN Daily Cash Grain Report

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MS_GR110  **UPDATED CORN AND SOYBEANS**
Minneapolis, MN    Tue Jun 10, 2014    USDA Market News

Minneapolis Daily CASH Grain Report

Actual wheat receipts on the exchange floor:
Today's were 116 cars which included 3 trains.
Last year's were 24 cars which included 0 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
Mixed, 25.00 cents lower to 30.00 cents higher from 7.6950B-9.2950.  The 
Spring Wheat basis was mixed, 25 cents lower to 35 cents higher, mostly 
5 to 25 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     7.6950B -8.0950       unch-up 30              - -    - -
  13 Pct     8.1450  -8.4450       up 15-dn 30          7.0450    - -
  14 Pct     8.3950N -8.7950  *    dn 5-10              7.3950    - -
  15 Pct     8.9950* -9.2950       dn 25-10             7.5450    - -
  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     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                - -                  7.3100
  12 Pct   No Quote                - -                  7.4600
  13 Pct   No Quote                - -                  7.4600
  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        3.4500B               dn .10               3.4500

US 2 Yellow Corn
 Mpls        4.2650B               dn 5.5               4.2550
More corn bids:  Aug 4.2025; Oct 3.98; Nov 4.01; R/O 4.2525.

US 1 Yellow Soybeans
 Mpls     14.3950  B               up 1.5            14.3650
More soybean bids:  Aug 13.5225; Oct 11.935; Nov 11.985; R/O 12.1025.

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         4.7550 -  4.9550
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        4.7550 -  4.9550
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote                - -                  5.6500**

**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


13:43     c  cam

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