Minneapolis, MN Weekly Grain Review

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MS_GR115
Minneapolis, MN    Thu Apr 17, 2014    USDA Market News

Minneapolis Weekly Grain Summary

Prices for the week ending Thursday, April 17, 2014

**The prices for spring wheat on the spot rail market are now quoted 
delivered Chicago/Beyond.** 

The milling wheat market was higher this past week.  Supplies were relatively 
light on the exchange floor.

 **Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less 
than 2.0 ppm Vomitoxin.  The 14's were 31.75 to 36.75 cents higher from 8.7275-
8.9275, the basis was steady to 5 cents higher from 140-160 cents over the May 
futures delivered Chicago/Beyond.  The 15's were 51.75 to 76.75 cents higher at 
9.4275B, the basis was 20 to 45 cents higher from 210B cents over the May 
futures delivered Chicago/Beyond. The 12 pct protein Hard Red Winter Wheat on 
the spot floor had no quote.  The 20 day to-arrive truck delivery for 12 pct 
protein HRW bid into Minneapolis was 35.50 cents higher at 8.0300, the basis was 
steady at 45 cents over the May Hard Red Winter Wheat futures.

   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 90 cents higher at 6.90.  Feed Barley delivered into Duluth 
closed the week with no bid.  Feed Barley delivered into Minneapolis was steady 
with a bid of 3.95.

Corn: US 2 Yellow Corn for April was 6.50 cents lower at 4.6375 with the basis 
steady at 31 cents under the May futures.  The to-arrive bids for corn are: May 
at 4.6875; June at 4.7050; July at 4.7050; October at 4.4775 and November 
4.5275.

  Oats: US 2 or better Oats had no quote on the spot market.  The To-arrive bids 
for oats were 6.00 cents lower to 24.00 cents higher from 4.4400-4.6900, the 
basis was 5 cents lower to 25 cents higher from 40-65 cents over the May 
futures.

   Soybeans: US 1 Yellow Soybeans for April was 31.75 cents higher at 14.8500, 
with the basis steady at 29 cents under the May futures.  The to-arrive bids for 
soybeans are: May at 14.9000; June 14.8525; July 14.8025; October 12.0125 and 
November 12.1025.

FUTURES     May 14     Jul 14     Aug 14     Sep 14     Nov 14     Dec 14
MPLS        
Spring:     7.3275     7.3975        - -     7.4600        - -     7.5675 
Chicago   
HRW         7.5800     7.6500        - -     7.7150        - -     7.8100
SRW         6.9125     6.9900        - -     7.0825        - -     7.2100
Corn        4.9475     5.0050        - -     4.9825        - -     4.9675
Oats        4.0400     3.5575        - -     3.3875        - -     3.3000
Soybeans   15.1400    15.0225     14.2050   12.9825    12.3925       - -
                 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      8.3275B-8.6275    7.91-8.11         7.4275
  14 pct      8.7275-8.9275     8.36-8.61         7.7775
  15 pct      9.4275B           8.66-8.91         7.9275
Durum
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          - -           - -
Oats
  US 2 or Btr No Quote          No Quote          4.44-4.69
Malting Barley
  Robust      No Quote          No Quote          6.9000        - -
US 2 Feed Barley
  Mpls        3.95 B            3.95 B            3.9500        - -
Yellow Corn
  US 2        4.6375 B          4.7025 B          4.6875        - -
Soybeans
  US 1        14.85 B           14.5325 B         14.9000       - -

N = Nominal; A = Ask; B = Bid

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_gr115.txt
              www.ams.usda.gov/lpsmarketnewspage


14:47         c  cam
                 

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