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Minneapolis Cash Grain USDA - Mon Jun 19, 1:53PM CDT MS_GR110
Minneapolis, MN Mon Jun 19, 2017 USDA Market News
Minneapolis Daily CASH Grain Report
Actual wheat receipts on the exchange floor:
Today's were 75 cars which included 2 trains.
Last year's were 22 cars which included 0 trains.
Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot No. 1
Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was 3.25 to
23.25 cents lower from 6.7950N-76950*. The Spring Wheat basis was steady 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 6.7950N dn 3.25 - - - -
13 Pct 6.9950 -7.0950 N dn 13.25-3.25 6.3950 - -
13.5 Pct 7.2450 -7.5450 N dn 18.25-3.25 - - - -
14 Pct 7.3950 -7.6950 * dn 23.25-3.25 6.5450 - -
14.5 Pct No Quote - - - - - -
15 Pct No Quote - - 6.6450 - -
16 Pct No Quote - - - - - -
17 Pct No Quote - - - - - -
*Train
Balance Spring Wheat - 13 pct
US 1 7.0950 -7.2450 no comp
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 7.9950 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 - - 4.9750
12 Pct No Quote - - 5.0750
13 Pct No Quote - - 5.0750
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 2.0500B unch 2.0500
US 2 Yellow Corn
Mpls 3.3925B dn 8.75 3.3925
More corn bids: Jul 3.3925; Aug 3.4325; Oct 3.4125; F/H Nov 3.4925;
US 1 Yellow Soybeans
Mpls 9.0075B dn 1.25 9.0075
More soybean bids: Jul 9.0275; Aug 9.0575; Oct 8.965; F/H Nov 9.045;
Oats: TRUCK 20 Day To-Arrive
US 2 or Better 2.6925 - 3.2825
No Quote - - RAIL 20 Day To-Arrive
2.6925 - 3.2825
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
May 2017 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
No 1 DNS Wheat 13% protein 6.3830
14% protein 6.6025
15% protein 7.0995
No 1 Hard Amber Durum No Quote
Minneapolis Based Price
Rye Spot No Quote
To-Arrive 4.0000
No 2 Yellow Corn 3.3591
No 2 Heavy Oats 2.7842 (20 Day To-Arrive Average)
No 3 or better Malting Barley No Quote (20 Day To-Arrive Average)
No 2 Feed Barley 2.0500
No 1 Yellow Soybeans 9.2142
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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