MS_GR110 Minneapolis, MN Wed Jul 10, 2019 USDA Market News Minneapolis Daily CASH Grain Report Actual wheat receipts on the exchange floor: Today's were 41 cars which included 1 trains. Last year's were 71 cars which included 2 trains. Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot No. 1 Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was 2.25 to 37.25 cents higher rom 6.0375-6.4875N. The Spring Wheat basis was steady to 35 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 No Quote - - - - - - 13 Pct No Quote - - 5.4875 - - 13.5 Pct 6.0375* up 2.25 - - - - 14 Pct 6.1375 6.3375 up 17.25-37.25 5.4875 - - 14.5 Pct 6.3375 up 17.25 - - - - 15 Pct 6.2875N 6.4875N up 2.25 5.4875 - - 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 - - 5.3150 12 Pct No Quote - - 5.4150 13 Pct No Quote - - 5.4150 14 Pct 6.1150N up 2.25 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 - - 7.4000 US 2 No Quote - - 7.4000 Barley: US 2 Feed Dul No Quote - - - - Mpls 3.2500B unch 3.2500 US 2 Yellow Corn Mpls 3.9800B up 2.5 4.0100 More corn bids: Aug 4.00; Sep 4.03; Oct 3.925; Nov 4.045; Apr/May 4.195 Jun/Jul 4.22. US 1 Yellow Soybeans Mpls 8.3250 B up 8.5 8.3650 More soybean bids: Aug 8.495; Sep 8.5775; Oct 8.5375; Nov 8.6475; Apr/May 8.825; Jun/Jul 8.9075. Oats: TRUCK 20 Day To-Arrive US 2 or Better 2.9950 - 3.2350 No Quote - - RAIL 20 Day To-Arrive 2.9950 - 3.2350 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 June 2019 AVERAGES Average prices are for spot market unless otherwise denoted. MGEX wheat/Delivered Chicago/Beyond No 1 DNS Wheat 13% protein 6.6267 14% protein 6.5838 15% protein 6.7714 No 1 Hard Amber Durum No Quote Minneapolis Based Price Rye Spot No Quote To-Arrive 7.8158 No 2 Yellow Corn 3.9495 No 2 Heavy Oats 3.1476 No 3 or better Malting Barley No Quote No 2 Feed Barley 3.2500 No 1 Yellow Soybeans 8.2688 Source: USDA Market News Service, Minneapolis, MN Carol Meinders 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 13:54 c cam