MS_GR110 ***Updated Corn and Soybeans***
Minneapolis, MN Thu Dec 06, 2018 USDA Market News
Minneapolis Daily CASH Grain Report
***Prices compared to Tuesday December 4, 2018***
Actual wheat receipts on the exchange floor:
Today's were 36 cars which included 1 train.
Last year's were 46 cars which included 1 train.
Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot No. 1
Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was 25.50 cents
lower to 29.50 cents higher from 6.7425-7.2925. The Spring Wheat basis was 15 cents
lower to 40 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 - - 5.7925 - -
13.5 Pct 6.7425N dn 10.5 - - - -
14 Pct 6.7925*-7.1325 dn 20.5-1.5 5.8925 - -
14.5 Pct 6.7425 dn 20.5-25.5 - - - -
15 Pct 7.2925 up 29.5-dn 0.5 5.9425 - -
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 - - 5.7050
12 Pct No Quote - - 5.8050
13 Pct No Quote - - 5.8050
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 3.2375B unch - -
More corn bids: L/H Apr 3.58; May 3.59; Jun 3.6325; Jul 3.6425.
US 1 Yellow Soybeans
Mpls 8.2950B No Comp - -
More soybean bids: L/H Apr 8.695; May 8.715; Jun 8.8125; Jul 8.8325.
Oats: TRUCK 20 Day To-Arrive
US 2 or Better 3.1300 - 3.5100
No Quote - - RAIL 20 Day To-Arrive
3.1300 - 3.5100
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
Nov 2018 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
No 1 DNS Wheat 13% protein 6.9557
14% protein 7.0194
15% protein 7.1996
No 1 Hard Amber Durum No Quote
Minneapolis Based Price
Rye Spot No Quote
To-Arrive No Quote
No 2 Yellow Corn 3.2822
No 2 Heavy Oats 3.2124
No 3 or better Malting Barley No Quote
No 2 Feed Barley 2.6000
No 1 Yellow Soybeans 8.0936
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
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