USDA U.S. Department of Agriculture - July 17, 2020
MS_GR110
Minneapolis, MN Fri Jul 17, 2020 USDA Market News
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Minneapolis Daily CASH Grain Report
Actual wheat receipts on the exchange floor:
Today's were 49 cars which included 1 trains.
Last year's were 36 cars which included 1 trains.
Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 14 pct protein wheat was
17.50 to 22.50 cents lower at 6.0275*. The Spring Wheat basis
was 15 to 20 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 - - 5.2275 - -
13.5 Pct No Quote - - - - - -
14 Pct 6.0275* dn 17.5-22.5 5.2275 - -
14.5 Pct No Quote - - - - - -
15 Pct No Quote - - 5.2275 - -
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 - - 5.3375
12 Pct 5.7875N unch 5.3875
13 Pct No Quote - - 5.3875
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 - - 5.4000
US 2 No Quote - - 5.4000
Barley:
US 2 Feed
Dul No Quote - - - -
Mpls 1.7500 unch 1.7500
US 2 Yellow Corn
Mpls 3.1400B up 2.75 3.1400
More corn bids: Aug 3.15; Sep 3.11; Oct 3.0575; Nov 3.1575.
US 1 Yellow Soybeans
Mpls 8.8300 B up 4.5 8.8300
More soybean bids: Aug 8.84; Oct 8.67; Nov 8.79.
Oats: TRUCK 20 Day To-Arrive
US 2 or Better 3.3900 - 3.4000
No Quote - - RAIL 20 Day To-Arrive
3.3900 - 3.4000
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 2020 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
No 1 DNS Wheat 13% protein 6.4708
14% protein 6.6554
15% protein 6.7993
No 1 Hard Amber Durum No Quote
Minneapolis Based Price
Rye Spot No Quote
To-Arrive 5.5114
No 2 Yellow Corn 3.0630
No 2 Heavy Oats 3.4208
No 3 or better Malting Barley No Quote
No 2 Feed Barley 1.7500
No 1 Yellow Soybeans 8.5227
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
13:38 c cam
