USDA U.S. Department of Agriculture - May 8, 2019
MS_GR110
Minneapolis, MN Wed May 08, 2019 USDA Market News
Minneapolis Daily CASH Grain Report
Actual wheat receipts on the exchange floor:
Today's were 55 cars which included 2 trains.
Last year's were 55 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
1.25 to 11.25 cents lower from 6.0550-6.5550N. The Spring Wheat basis
was steady to 10 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 No Quote - - 5.4050 - -
13.5 Pct 6.0550N dn 1.25 - - - -
14 Pct 6.0550* dn 1.25 5.4050 - -
14.5 Pct 6.0550* dn 11.25 - - - -
15 Pct 6.1050N 6.5550N dn 1.25 5.4050 - -
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 - - 4.8350
12 Pct No Quote - - 4.9350
13 Pct No Quote - - 4.9350
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 - - 7.8000
US 2 No Quote - - 7.8000
Barley:
US 2 Feed
Dul No Quote - - - -
Mpls 3.2500B unch 3.2500
US 2 Yellow Corn
Mpls No Bid - - 3.2025
More corn bids: Jun 3.2825; Jul 3.2825; Aug 3.2725; Oct 3.2925;
Nov 3.3525 .
US 1 Yellow Soybeans
Mpls 7.3225 B dn 3.5 7.5725
More soybean bids: Jun 7.6925; Jul 7.7125; Aug 7.685; Oct 7.745;
Nov 7.825 .
Oats: TRUCK 20 Day To-Arrive
US 2 or Better 2.9950 - 3.3850
No Quote - - RAIL 20 Day To-Arrive
2.9950 - 3.3850
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
Apr 2019 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
No 1 DNS Wheat 13% protein 6.3330
14% protein 6.3293
15% protein 6.5209
No 1 Hard Amber Durum No Quote
Minneapolis Based Price
Rye Spot No Quote
To-Arrive No Quote
No 2 Yellow Corn 3.3146
No 2 Heavy Oats 3.2443
No 3 or better Malting Barley No Quote
No 2 Feed Barley 2.9929
No 1 Yellow Soybeans 8.1543
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
13:33 c cam
