MS_GR110
Minneapolis, MN Thu Apr 26, 2012 USDA Market News
Minneapolis Daily CASH Grain Report
Est Early Morning Receipts Rail
Apr 26 Year Ago
Wheat 33 57
Durum 0 9
Barley 0 0
Actual wheat receipts on the exchange floor:
Today's were 67 cars which included 1 trains.
Last year's were 198 cars which included 3 trains.
Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
8.00 to 28.00 cents lower from 8.63-9.98. The Spring Wheat basis
was 15 cents lower to 5 cents higher.
Current freight spread for unload to Minneapolis is 15 cents; Duluth 22-24 cents.
***PLEASE NOTE: Prices prior to Jan 4, 2010 were for Minneapolis beyond; the
provided freight rate differential to Minneapolis is for Minneapolis unload.
Only the spot wheat/durum rail market is being quoted delivered Chicago/Beyond.
The to-arrive wheat is truck delivered and on a Minneapolis or Duluth based market.
NOTE: The 13.5 and 14.5 pct protein category will be added on days when it can
more clearly represent the value of the 14's.
Prices Reflect No. 1 Milling Quality Only. Milling Quality is defined as
300 or better Falling Numbers; 58 lbs or better test weight; 13.5 pct or less
Moisture; 1.5 Pct or less Damage; 1.5 Pct or less Dockage and 2.0 ppm or less
vomitoxin.
RAIL - Spot Change TRUCK
Wheat on MGEX Floor/Delivered Chicago/Beyond 20 Day To-Arrive
US 1 Milling DNS/NS Wheat Mpls Dul
11 Pct No Quote - - - - - -
12 Pct No Quote - - - - - -
13 Pct 8.6300 -8.7300 dn 8-13 8.1300 - -
14 Pct 9.0300 -9.0800 dn 23-28 8.3800 - -
15 Pct 9.3300N -9.9800 dn 13 8.4800 - -
16 Pct No Quote - - - - - -
17 Pct No Quote - - - - - -
*Train
Balance Spring Wheat - 13 pct
US 1 No Quote - -
US 2 No Quote - -
US 3 No Quote - -
Balance Spring Wheat - 14 pct
US 1 No Quote - -
US 2 No Quote - -
US 3 No Quote - -
Balance Spring Wheat - 15 pct
US 1 No Quote - -
US 2 No Quote - -
US 3 No Quote - -
*Train
The Balance Spring Wheat does not meet domestic milling specifications
and is traded at a basis price with market discounts on other grade
factors.
US 1 Hard Red Winter Wheat Mpls
10 Pct No Quote - -
11 Pct No Quote - - 6.6000
12 Pct No Quote - - 7.1000
13 Pct No Quote - - 7.2000
14 Pct No Quote - -
Milling Durum: 0 Cars traded with 0 at the Top
Choice MilNo Quote - -
Balance MiNo Quote - -
Terminal -No Quote - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.
RAIL - Spot Change TRUCK-To-Arrive
Rye: Mpls
US 1 PlumpNo Quote - - - -
US 2 No Quote - - - -
Barley:
US 2 Feed
Dul No Quote - - - -
Mpls 5.2000B unch 5.2000
US 2 Yellow Corn
Mpls 6.0500B up 16 6.0300
More corn bids: Jun 5.915; Jul 5.855; Aug 5.365; Sep 4.915;
Oct 4.81 Nov 4.84.
US 1 Yellow Soybeans
Mpls 14.5825 B up 9.75 14.6025
More soybean bids: Jun 14.6225; Jul 14.6325; Aug 14.2525; Sep 13.1675;
Oct 13.1375; Nov 13.1975.
Oats: TRUCK 20 Day To-Arrive
US 2 or Better 3.5775 - 3.6575
No Quote - - RAIL 20 Day To-Arrive
3.5775 - 3.6575
Malting Barley - 2.0 ppm or less vomitoxin
Robust 70 Pct Btr Plump
No Quote - - 7.0500**
**To-Arrive Malting barley is Rail delivered Minneapolis for 1.0 ppm
vomitoxin with discounts to apply.
Mpls=Minneapolis Dul=Duluth N=Nominal R/O= River Open
A=Asked B=Bid NB=No Bid NQ=No Quote NC=New Crop
March 2012 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
No 1 DNS Wheat 13% protein 9.1677
14% protein 9.6151
15% protein 10.0253
No 1 Hard Amber Durum No Quote
Minneapolis Based Price
Rye Spot No Quote
To-Arrive No Quote
No 2 Yellow Corn No Quote
No 2 Heavy Oats 3.4726 (20 Day To-Arrive Average)
No 3 or better Malting Barley 7.0455 (20 Day To-Arrive Average)
No 2 Feed Barley 5.3682
No 1 Yellow Soybeans No Quote
Source: USDA Market News Service, Minneapolis, MN
Carol Meinders 612-370-3258 Minneapolis.LGMN@ams.usda.gov
24 hour price information 612-370-3260
www.ams.usda.gov/mnreports/MS_GR110.txt
www.ams.usda.gov/lsmarketnews
13:46 c els
Minneapolis, MN Daily Cash Grain Report
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