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USDA-MS: Minneapolis Cash Grain

Minneapolis, MN - Mon Nov 06, 2017 - USDA Market News

  **updated corn and feed barley**

Minneapolis Daily CASH Grain Report

Actual wheat receipts on the exchange floor:
Today's were 48 cars which included 1 trains.
Last year's were 131 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
Mixed, 3.75 cents lower to 11.25 cents higher from 6.76N-8.31N.  The Spring 
Wheat basis was mixed, 10 cents lower to 5 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     6.7600N               up 6.25              6.1600    - -
  13.5 Pct   7.2100*               up 11.25-dn 3.75       - -     - -
  14 Pct     7.4100N -7.8100       up 6.25-1.25         6.4100    - -
  14.5 Pct   7.6600N               up 6.25                - -     - -
  15 Pct     7.8600N -8.3100  N    up 6.25              6.5100    - -
  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       7.7600B -8.1100       no comp
  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                - -                  4.5000
  12 Pct   No Quote                - -                  4.6000
  13 Pct   No Quote                - -                  4.6000
  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                - -                  4.1000
 US 2      No Quote                - -                  4.1000

Barley:
 US 2 Feed
 Dul       No Quote                - -                    - -
 Mpls        2.4000B               up .30               2.4000

US 2 Yellow Corn
 Mpls        3.0100B               up 1.75                 - -
More corn bids:  L/H Apr 3.3625; May 3.3625; Jun  3.405; Jul 3.395.

US 1 Yellow Soybeans
 Mpls        9.2600B               up 7.25                 - -
More soybean bids:  L/H Apr 9.715; May 9.735; Jun 9.80; Jul 9.82.

Oats:                                                 TRUCK 20 Day To-Arrive
 US 2 or Better                                         2.6900 -  3.2900
           No Quote                - -                RAIL 20 Day To-Arrive
                                                        2.6900 -  3.2900
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

Oct 2017 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat       13% protein  7.0685
                      14% protein  7.3575
                      15% protein  7.7977
 No 1 Hard Amber Durum             No Quote
Minneapolis Based Price
 Rye                  Spot         No Quote
                      To-Arrive    3.9864
 No 2 Yellow Corn                  2.8566
 No 2 Heavy Oats                   2.9678            (20 Day To-Arrive Average)
 No 3 or better Malting Barley     4.7000            (20 Day To-Arrive Average)
 No 2 Feed Barley                  2.1000
 No 1 Yellow Soybeans              9.0198

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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