Minneapolis, MN Daily Cash Grain Report

MS_GR110
Minneapolis, MN    Tue Jun 19, 2012    USDA Market News

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                       Jun 19           Year Ago
  Wheat                     40             62
  Durum                     15             10
  Barley                     0             0

Actual wheat receipts on the exchange floor:
Today's were 105 cars which included 1 trains.
Last year's were 142 cars which included 2 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
Mostly 17.25 to 22.25 cents higher from 9.1950-9.5450.  The Spring Wheat basis
was 5 cents lower to 40 cents higher, mostly 5 to 10 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     9.1950* -9.2450       up 52.25-7.25       8.1450    - -
  14 Pct     9.2450  -9.3450       up 17.25-22.25      8.3950    - -
  15 Pct     9.3950  -9.5450       up 22.25-17.25      8.4950    - -
  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                - -                 6.8000
  12 Pct   No Quote                - -                 7.3000
  13 Pct   No Quote                - -                 7.4000
  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        5.1500B               up 0.05             5.1500

US 2 Yellow Corn
 Mpls        6.1550B               up 9                5.9250
More corn bids:  Aug 5.705; Sep 5.155; Oct 5.095; Nov 5.115;
 Apr 5.375 .

US 1 Yellow Soybeans
 Mpls     14.2075  B               up 50.5           14.1975
More soybean bids:  Aug 13.9425; Sep 13.525; Oct 13.445; Nov 13.485;
 Apr 12.7325 .

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                        3.3950 -  3.5450
           No Quote                - -                RAIL 20 Day To-Arrive
                                                       3.3950 -  3.5450
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

May 2012 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  8.5967
                      14% protein  9.1125
                      15% protein  9.6057
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    No Quote
 No 2 Yellow Corn                  6.0192
 No 2 Heavy Oats                   3.4765            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     7.0045            (20 Day To-Arrive Average)
 No 2 Feed Barley                  5.2136
 No 1 Yellow Soybeans              13.8883

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


13:43     c  cam

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