Minneapolis, MN Weekly Grain Review

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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 
delivered Chicago/Beyond.** 

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 
December futures.

   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        - - 
Kansas City
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
Malting Barley
  Robust      No Quote          No Quote          7.2000        - -
US 2 Feed Barley
  Mpls        5.40 B            5.50 B            5.4000        - -
Yellow Corn
  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

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