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Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Thu Dec 18, 2014    USDA Market News



Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 106 cars which included 0 trains.

Last year's were 37 cars which included 0 trains.



Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot

No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was

123.75 cents lower to 16.25 cents higher from 7.36-11.51.  The Spring 

Wheat basis was steady to 125 cents lower.





***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   No Quote                - -                  6.3100    - -

  13.5 Pct   7.3600                dn 13.75               - -     - -

  14 Pct     8.2100  -8.6100       dn 18.75-up 1.25     6.8100    - -

  14.5 Pct   8.3600  -8.7100       dn 123.75-88.75        - -     - -

  15 Pct    11.3600  -11.5100      up 1.25-16.25        7.0600    - -

  16 Pct   No Quote                - -                    - -     - -

  17 Pct   No Quote                - -                    - -     - -

    *Train



Balance Spring Wheat - 13 pct

  US 1       7.2100  -7.2600  B    no comp

  US 2     No Quote                - -

  US 3     No Quote                - -

Balance Spring Wheat - 14 pct

  US 1       8.2100                no comp

  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                - -                  7.3375

  12 Pct   No Quote                - -                  7.4375

  13 Pct   No Quote                - -                  7.4375

  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        2.7500B               unch                 2.7500



US 2 Yellow Corn

 Mpls        3.7100B               up 2.75              3.7100

More corn bids:  Feb/Mar 3.71; R/O 3.905; Jun/Jul 3.9625; N/C 3.8875;

  .



US 1 Yellow Soybeans

 Mpls     9.8500   B               up 8              9.8500

More soybean bids:  Feb/Mar 9.9325; R/O 10.2125; Jun/Jul 10.27; N/C 9.7475;

  .



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         3.3125 -  3.6625

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        3.3125 -  3.6625

Malting Barley - 2.0 ppm or less vomitoxin

 Robust   70 Pct Btr Plump

           No Quote                - -                  7.3500**



**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



November 2014 AVERAGES

Average prices are for spot market unless otherwise denoted.

MGEX wheat/Delivered Chicago/Beyond

 No 1 DNS Wheat       13% protein  7.5206

                      14% protein  8.4989

                      15% protein  10.2281

 No 1 Hard Amber Durum             No Quote

Minneapolis Based Price

 Rye                  Spot         No Quote

                      To-Arrive    No Quote

 No 2 Yellow Corn                  3.3025

 No 2 Heavy Oats                   3.5272            (20 Day To-Arrive Average)

 No 3 or better Malting Barley     7.3500            (20 Day To-Arrive Average)

 No 2 Feed Barley                  2.4833

 No 1 Yellow Soybeans              9.9347



Source:    USDA Market News Service, Minneapolis, MN

           Robert Eaton 612-370-3258 Minnesota.LPGMN@ams.usda.gov

           24 hour price information 612-370-3260

           www.ams.usda.gov/mnreports/ms_gr110.txt

           www.ams.usda.gov/lpsmarketnewspage





13:53     c  re

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