Minneapolis Cash Grain


MS_GR110 **Updated corn and beans**
Minneapolis, MN Fri Jan 11, 2019 USDA Market News

Minneapolis Daily CASH Grain Report

Actual wheat receipts on the exchange floor:
Today's were 8 cars which included 0 trains.
Last year's were 14 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
steady to 14 cents higher from 6.75N-7.14. The Spring Wheat basis was 6
cents lower to 8 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 - - 5.8000 - -
14 Pct 6.7500N-7.0000N up 6 5.9000 - -
15 Pct 6.8800B-7.1400 up 14-unch 5.9500 - -
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 - - 5.9450
12 Pct No Quote - - 6.0450
13 Pct No Quote - - 6.0450
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 No Bid - - 3.1925
More corn bids: L/H Apr 3.5075; May 3.5275; Jun 3.5625; Jul 3.5825;
Oct/Nov 3.515 .

US 1 Yellow Soybeans
Mpls No Bid - - 8.2825
More soybean bids: L/H Apr 8.4875; May 8.5175; Jun 8.6125; Jul 8.6425;
Oct/Nov 8.72 .

Oats: TRUCK 20 Day To-Arrive
US 2 or Better 3.0575 - 3.5975
No Quote - - RAIL 20 Day To-Arrive
3.0575 - 3.5975
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

Dec 2018 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
No 1 DNS Wheat 13% protein 6.6008
14% protein 6.7717
15% protein 7.0641
No 1 Hard Amber Durum No Quote
Minneapolis Based Price
Rye Spot 7.7000
To-Arrive 7.7000
No 2 Yellow Corn 3.2590
No 2 Heavy Oats 3.3056
No 3 or better Malting Barley No Quote
No 2 Feed Barley 2.6000
No 1 Yellow Soybeans 8.2134

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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