USDA Market Reports

Minneapolis, MN Daily Cash Grain Report



MS_GR110

Minneapolis, MN    Wed Oct 14, 2015    USDA Market News



Minneapolis Daily CASH Grain Report



Actual wheat receipts on the exchange floor:

Today's were 146 cars which included 3 trains.

Last year's were 176 cars which included 4 trains.



Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot

No. 1 Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was .25 to 10.25 

cents lower from 6.1100-7.1600.  The Spring Wheat basis was mixed, 10 cents lower to 

10 cents higher.



***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     6.1100                no comp                 - -    - -

  13 Pct   No Quote                - -                  4.8600    - -

  13.5 Pct   6.2600  -6.5600       dn 0.25                - -     - -

  14 Pct     6.3600  -6.4600       dn 20.25             5.3600    - -

  14.5 Pct   6.5600N -6.6600  N    dn 10.25               - -     - -

  15 Pct     7.0100  -7.1600       dn 0.25-10.25        5.6100    - -

  16 Pct   No Quote                - -                    - -     - -

  17 Pct   No Quote                - -                    - -     - -

    *Train



Balance Spring Wheat - 13 pct

  US 1       6.1600* -6.3600  A*   no comp

  US 2     No Quote                - -

  US 3     No Quote                - -

Balance Spring Wheat - 14 pct

  US 1       6.2600B*-6.4100       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                - -                  5.2075

  12 Pct   No Quote                - -                  5.3075

  13 Pct   No Quote                - -                  5.3075

  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        2.6000B               unch                 2.6500



US 2 Yellow Corn

 Mpls        3.2400B               dn 5.5               3.2900

More corn bids:  Nov 3.39; R/O 3.6825;

  .



US 1 Yellow Soybeans

 Mpls     8.7650   B               dn 3.5            8.7650

More soybean bids:  Nov 8.815; R/O 8.925;

  .



Oats:                                                 TRUCK 20 Day To-Arrive

 US 2 or Better                                         2.4175 -  2.8675

           No Quote                - -                RAIL 20 Day To-Arrive

                                                        2.4175 -  2.8675

Malting Barley - 2.0 ppm or less vomitoxin

 Robust   70 Pct Btr Plump

           No Quote                - -                     - -**



**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



September 2015 AVERAGES

Average prices are for spot market unless otherwise denoted.

MGEX wheat/Delivered Chicago/Beyond

 No 1 DNS Wheat       13% protein  5.8867

                      14% protein  6.1490

                      15% protein  6.7174

 No 1 Hard Amber Durum             No Quote

Minneapolis Based Price

 Rye                  Spot         No Quote

                      To-Arrive    No Quote

 No 2 Yellow Corn                  3.2852

 No 2 Heavy Oats                   2.6952            (20 Day To-Arrive Average)

 No 3 or better Malting Barley     4.9500            (20 Day To-Arrive Average)

 No 2 Feed Barley                  2.3929

 No 1 Yellow Soybeans              8.4943



Source:    USDA Market News Service, Minneapolis, MN

            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





13:46     c  bjb

No comments

Add new comment

(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.
(If you're a human, don't change the following field)
Your first name.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.

Welcome

to our redesigned homepage!

Scroll Down for more stories