Minneapolis, MN Weekly Grain Review
Minneapolis, MN Thu Nov 15, 2012 USDA Market News
Minneapolis Weekly Grain Summary
Prices for the week ending Thursday November 15, 2012
**The prices for spring wheat on the spot rail market are now quoted
The milling wheat market was lower this past week. Supplies were extremely
light and a couple days there were no cars on the exchange floor. Demand is
very light as most mills are full and only buying on a fill-in basis.
**Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less
than 2.0 pct Vomitoxin. The 14's were 10.0525 with the basis 85 cents over the
December futures delivered Chicago/Beyond. The 15's were 13.50 to 38.50 cents
lower at 10.2025; the basis was steady to 25 higher at 100 cents over the
December futures delivered Chicago/Beyond. The 12 pct protein Hard Red Winter
Wheat on the spot market had no quote. The 20 day to-arrive truck delivery for
12 pct protein HRW bid into Minneapolis was 50.50 cents lower at 9.6150 with the
basis steady at 75 cents over the Kansas City December futures.
Durum: Choice and Balance Milling Durum had no quote. Both Minneapolis and
Duluth terminal durum continued to have no quote.
Rye: US 1 Rye had no quote on the spot market. The to-arrive Rye had no bid.
Barley: Robust Malting Barley 60 pct or better plump max. 2.0 ppm vomitoxin
had no quote. The to-arrive bid for 1.0 ppm vomitoxin rail delivered to
Minneapolis was 5 cents lower at 7.20. Feed Barley delivered into Duluth closed
the week with no bid. Feed Barley delivered into Minneapolis was 10 cents lower
with a bid of 5.40.
Corn: US 2 Yellow Corn was 9.0000 cents lower at 6.9425 the basis was 11 cents
higher at 27 cents under the Chicago December futures. The to-arrive bids for
corn are: December at 6.8825; Jan, Feb and March at 7.0000; April at 6.9925, May
at 6.9925, June at 6.8775 and July 6.8775.
Oats: US 2 or better Oats had no quote. The To-arrive bids for oats were 0.75
cent higher from 3.6950-3.8950, the basis was steady from 5-25 cents over the
Soybeans: US 1 Yellow Soybeans was 91.75 cents lower at 13.8100 with the
Basis 2 cents higher at 21 cents under the Chicago January futures. The to-
arrive bids for soybeans are: April at 13.4725, May at 13.4725, June at 13.3950
and July at 13.3950.
Sunflowers: The NuSun Sunflowers in Enderlin were 55 cents lower at 21.45;
Fargo had no bid for November.
FUTURES Dec 12 Jan 13 Mar 13 May 13 Jul 13 Aug 13
Spring: 9.2025 - - 9.3075 9.3775 9.3800 - -
HRW 8.8650 - - 9.0350 9.0975 8.9975 - -
Corn 7.2125 - - 7.2500 7.2025 7.0875 - -
Oats 3.6450 - - 3.7400 3.7525 3.7375 - -
Soybeans - - 14.0200 13.8400 13.6225 13.5450 13.3100
Cash Market Delivered 20 day truck
This Week Last Week
Wheat on MGEX Floor/Delivered Chicago/Beyond Mpls Duluth
US 1 Milling DNS/NS Wheat
13 pct 9.9025N 10.3875* 9.2025
14 pct 10.0525* No Quote 9.3025
15 pct 10.2025 10.3375-10.5875 9.3025
Choice MillingNo Quote No Quote - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.
ThisLast Week Mpls Duluth
Rye, US 1 No Quote No Quote - - - -
US 2 or Btr No Quote No Quote 3.695-3.895
Robust No Quote No Quote 7.2000 - -
US 2 Feed Barley
Mpls 5.40 B 5.50 B 5.4000 - -
US 2 6.9425 B 7.0325 B 6.9425 - -
US 1 13.81 B 14.7275 B 13.8100 - -
N = Nominal; A = Ask; B = Bid
Source: USDA Market News Service, Minneapolis, MN
Carol Meinders 612-370-3258 Minneapolis.LGMN@ams.usda.gov
24 hour price information 612-370-3260
15:02 c cam
No matching related articles at this time.
- Sign-up begins for USDA disaster assistance programs
- Grain futures lagged the other ag markets Wednesday
- Pacific Coast Terminals and K+S Potash Canada sign agreement
- Soy, cotton futures led the ag markets Wednesday morning
- Monthly fertilizer prices: Comparing 2014 through 2009
- USDA releases April water supply forecast for the West
- Commentary: Blame anti-GMO groups for deaths
- Julie Borlaug says biotech is necessary in fight against hunger
- Climate change will reduce crop yields sooner than we thought
- What does “sustainable” food and agriculture really mean?
- Ohio bill to require certification to apply fertilizer
- Carbon-dioxide hurts nitrogen assimilation by plants