Minneapolis, MN Weekly Grain Review
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
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
Spring: 6.3450 - - 6.4575 - - 6.5800 6.6575
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
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 3.8175
Robust No Quote No Quote 5.8500 - -
US 2 Feed Barley
Mpls 2.90 B 2.90 B 2.9000 - -
US 2 3.285 B 3.27 B 3.3650 - -
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
15:42 c cam
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