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[QT] Minneapolis Cash Grain
Date: 2008-07-23 14:01:42
Categories: GRAIN
Minneapolis Daily CASH Grain Report
Receipts Rail
Jul 23 Year Ago
Wheat 37 86
Durum 0 53
Corn 0 0
Oats 0 0
Barley 4 7
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 4.50 to 24.50 cents higher from 9.8950-10.2950.
The Spring Wheat basis was 5 to 25 cents higher.
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 9.8950 up 24.5 8.2500 8.2500
14 Pct 10.0450 up 9.5 - 4.5 8.6500 8.6500
15 Pct 10.2450 -10.2950 up 19.5 - 14.5 8.8500 8.7500
16 Pct No Quote - - - - - -
17 Pct No Quote - - - - - -
18 Pct No Quote - - - - - -
*Train
Balance Spring Wheat - 13 pct
US 1 9.7450 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 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 - - 8.3700
13 Pct No Quote - - 8.3700
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 - - 7.5000
US 2 No Quote - - 7.5000
Barley: Mpls
US 2 Feed
Dul No Quote - - - -
Mpls 4.2000B unch 4.2000
US 2 Yellow Corn Mpls
Mpls 4.9350 B dn 2 4.9450
More corn bids: L/H Aug 4.945; Sep 4.885; Oct 4.955; Nov 5.045.
US 1 Yellow Soybeans Mpls
Mpls 13.3825 B dn 21.5 13.3425
More soybean bids: L/H Aug 13.2825; Sep 12.65; Oct 12.55; Nov 12.66.
Oats: Mpls
US 2 or Better No Quote
RAIL - Spot RAIL
Mpls/Dul Change Bid to Arrive Mpls
20 Day
Oats: No Quote - - No Quote
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
June 2008 AVERAGES
Average prices are for spot market unless otherwise denoted.
Minneapolis
No 1 DNS Wheat 13% protein 11.3450
14% protein 11.4600
15% protein 11.6630
No 1 Hard Amber Durum No Quote
Rye Spot No Quote
To-Arrive No Quote
No 2 Yellow Corn 6.3299
No 2 Heavy Oats 4.0700 (20 Day To-Arrive Average)
No 3 or better Malting Barley 7.4050 (20 Day To-Arrive Average)
No 2 Feed Barley 5.1225
No 1 Yellow Soybeans 14.3600
**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
13:48 Ccam
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