Minneapolis, MN Weekly Grain Review

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MS_GR115
Minneapolis, MN    Thu August 07, 2014    USDA Market News

Minneapolis Weekly Grain Summary

Prices for the week ending Thursday, August 07, 2014

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

The milling wheat was higher this past week on 14 pct wheat and lower on the 15 
pct proteins. There were just a scattering of new crop wheat on the exchange 
floor this week.

 **Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less 
than 2.0 ppm Vomitoxin.  The 14's were 13.50 to 33.50 cents higher from 8.295N-
8.4950N, the basis was mixed, 5 cents lower to 15 cents higher from 195 to 215N 
cents over the September futures delivered Chicago/Beyond.  The 15's were 16.50 
to 91.50 cents lower from 9.3450N-10.0950N, the basis was 35 to 110 cents lower 
from 300N to 375N cents over the September futures delivered Chicago/Beyond. The 
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 20.50 cents 
higher at 6.6625, the basis was steady at 20 cents over the September 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 25 cents higher at 5.85.  Feed Barley delivered into Duluth 
closed the week with no bid.  Feed Barley delivered into Minneapolis was steady 
with a bid of 2.90.

Corn: US 2 Yellow Corn for July was 1.50 cents higher at 3.2850 with the basis 1 
cents lower at 31 cents under the September futures.  The to-arrive bids for 
corn are: last/half August at 3.3650; September at 3.2850; October at 3.2425; 
November at 3.3425 and River Open at 3.5450.

  Oats: US 2 or better Oats had no quote on the spot market.  The To-arrive bids 
for oats were 6.25 cents higher at 3.8175, the basis was steady 45 cents over 
the December futures.

   Soybeans: US 1 Yellow Soybeans for July was 2.50 cents lower at 11.8800, with 
the basis 110 cents over the November futures.  The to-arrive bids for soybeans 
are: September at 10.5600; October at 10.3700; November at 10.4700 and River 
Open at 10.6500.

FUTURES     Sep 14     Nov 14     Dec 14     Jan 15     Mar 15     May 15
MPLS        
Spring:     6.3450        - -     6.4575        - -     6.5800     6.6575
Chicago   
SRW         5.6150        - -     5.7900        - -     5.9900     6.1150
HRW         6.4625        - -     6.5975        - -     6.6800     6.7125
Corn        3.5950        - -     3.7125        - -     3.8425     3.9250
Oats        3.5900        - -     3.3675        - -     3.1875     3.0775
Soybeans   10.9925    10.7800        - -    10.8650    10.9400    11.0100

                 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      7.645-7.945       7.36-8.06         6.6450
  14 pct      8.295-8.495N      7.96-8.36         6.8950
  15 pct      9.345N-10.095N    10.26             6.9950
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          3.8175
Malting Barley
  Robust      No Quote          No Quote          5.8500        - -
US 2 Feed Barley
  Mpls        2.90 B            2.90 B            2.9000        - -
Yellow Corn
  US 2        3.285 B           3.27 B            3.3650        - -
Soybeans
  US 1        11.88 B           11.905 B          11.8800       - -

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


15:42         c  cam


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