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Sunday, May 18, 2008
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<![CDATA[MS_GR110
Minneapolis, MN Fri May 16, 2008 USDA Market News
Minneapolis Daily CASH Grain Report
Receipts Rail
May 16 Year Ago
Wheat 42 34
Durum 0 0
Corn 0 0
Oats 2 0
Barley 1 0
Rye 0 0
Soybeans 0 0
Sunflowers 0 0
Minneapolis Daily Grain Prices: Spot No. 1 Northern/Dark Northern Spring Wheat
13 to 15 pct protein wheat was 11.04-12.79. The Spring Wheat basis had no comparison.
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 TRUCK
Mpls/Dul Change Bid To Arrive
20 Day
US 1 Milling DNS/NS Wheat Mpls Dul
12 Pct No Quote - - - - - -
13 Pct 11.0400 no comp 9.9400 9.7400
14 Pct 12.0400 -12.2900 no comp 10.3400 10.1400
15 Pct 12.2900 -12.7900 no comp 10.5400 10.2400
16 Pct No Quote - - - - - -
17 Pct No Quote - - - - - -
18 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 - - No Quote
12 Pct No Quote - - 9.7900
13 Pct No Quote - - 9.7900
14 Pct No Quote - -
Milling Durum: 0 Cars traded with 0 at the Top
Choice MilNo Quote - -
Balance MiNo Quote - -
Terminal -No Quote - -
Dul No Quote - -
Durum traded from/at - - As Is.
Rye: Mpls
US 1 PlumpNo Quote - - - -
US 2 No Quote - - - -
Barley: Mpls
US 2 Feed
Dul No Quote - - - -
Mpls 5.3500B unch 5.3500
US 2 Yellow Corn Mpls
Mpls 5.3100 B dn 7 5.3100
More corn bids: June 5.27; July 5.36; Aug 5.485; N/C 5.3875;
.
US 1 Yellow Soybeans Mpls
Mpls 12.9800 B up 30.5 12.9800
More soybean bids: June 12.98; July 13.1; Aug 12.8225; N/C 12.3925;
.
Oats: Mpls
US 2 or Better 3.8200-3.9700
RAIL - Spot RAIL
Mpls/Dul Change Bid to Arrive Mpls
20 Day
Oats: No Quote - - 3.8200-3.9700
Malting Barley - 2.0 ppm or less vomitoxin
Robust 70 Pct Btr Plump
No Quote - - 7.2500**
**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
Spot market prices are on track at location. To Arrive bids are on truck
at location. Test weight premiums for Wheat 0-1 cent each 1/2 lbs 58-60
lbs. Test weight discounts: 1-2 cents each 1/2 lbs 58-56 lbs. Amber
Discounts: 5-10 Premium; 10-40 cents Durum.
April 2008 AVERAGES
Average prices are for spot market unless otherwise denoted.
Minneapolis
No 1 DNS Wheat 13% protein 13.1100
14% protein 12.9325
15% protein 13.4625
No 1 Hard Amber Durum No Quote
Rye Spot No Quote
To-Arrive No Quote
No 2 Yellow Corn 5.3700
No 2 Heavy Oats 3.7525 (20 Day To-Arrive Average)
No 3 or better Malting Barley 7.2500 (20 Day To-Arrive Average)
No 1 Yellow Soybeans 12.6850
**Monthly averages are rounded to the nearest cent.
Source: USDA Market News Service, Minneapolis, MN
612-370-3258
24 hour price information 612-370-3260
www.ams.usda.gov/mnreports/MS_GR110.txt
14:38 Cbcs
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