MS_GR110
Minneapolis, MN Tue Mar 12, 2019 USDA Market News
Minneapolis Daily CASH Grain Report
Actual wheat receipts on the exchange floor:
Today's were 78 cars which included 2 trains.
Last year's were 49 cars which included 1 trains.
Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was
mixed, 15.50 cents lower to 14.50 cents higher from 6.7575B-7.1075. The
Spring Wheat basis was steady to 30 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 6.7575B no comp 5.8075 - -
14 Pct 7.0075* up 14.5 5.8075 - -
14.5 Pct 7.0075* dn 0.5 - - - -
15 Pct 7.1075 dn 5.5-15.5 5.8075 - -
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 6.7075B no comp
US 2 No Quote - -
US 3 No Quote - -
Balance Spring Wheat - 15 pct
US 1 No Quote - -
US 2 6.8075 no comp
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 - - 5.3275
12 Pct No Quote - - 5.4275
13 Pct No Quote - - 5.4275
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 2.6000
US 2 Yellow Corn
Mpls No Bid - - - -
More corn bids: L/H Apr 3.2275; May 3.2775; Jun 3.315; Jul 3.325;
Oct/Nov 3.415 .
US 1 Yellow Soybeans
Mpls No Bid - - - -
More soybean bids: L/H Apr 8.31; May 8.36; Jun 8.49; Jul 8.52;
Oct 8.5625; Nov 8.6425.
Oats: TRUCK 20 Day To-Arrive
US 2 or Better 3.0600 - 3.2800
No Quote - - RAIL 20 Day To-Arrive
3.0600 - 3.2800
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
Feb 2019 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
No 1 DNS Wheat 13% protein 7.1425
14% protein 7.1708
15% protein 7.1184
No 1 Hard Amber Durum No Quote
Minneapolis Based Price
Rye Spot No Quote
To-Arrive No Quote
No 2 Yellow Corn 3.4717
No 2 Heavy Oats 3.2197
No 3 or better Malting Barley No Quote
No 2 Feed Barley 2.6000
No 1 Yellow Soybeans 8.5266
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
13:44 c cam