MS_GR110 **Updated corn and soybeans** Minneapolis, MN Tue Oct 03, 2017 USDA Market News Minneapolis Daily CASH Grain Report Actual wheat receipts on the exchange floor: Today's were 29 cars which included 1 trains. Last year's were 94 cars which included 3 trains. Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot No. 1 Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was Mixed, 9.25 cents lower to 10.75 cents higher from 6.7225N-7.6225N. The Spring Wheat basis was mixed, 10 cents lower to 10 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 6.7225N up 0.75 5.9225 - - 13.5 Pct 6.8225N up 0.75 - - - - 14 Pct 7.0225N -7.1225 up 0.75-10.75 6.1725 - - 14.5 Pct 7.0225 -7.1225 N dn 9.25-up 0.75 - - - - 15 Pct 7.4725* -7.6225 N up 10.75-0.75 6.2725 - - 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 - - 4.6175 12 Pct No Quote - - 4.7175 13 Pct No Quote - - 4.7175 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 - - 3.9000 US 2 No Quote - - 3.9000 Barley: US 2 Feed Dul No Quote - - - - Mpls 2.1000B unch 2.1000 US 2 Yellow Corn Mpls 2.5950B up 1 2.6950 More corn bids: F/H Nov 2.845; L/H Apr 3.3525; May 3.3725; Jun 3.43; Jul 3.45 US 1 Yellow Soybeans Mpls 8.6525B up 3 8.7025 More soybean bids: F/H Nov 8.9125; L/H Apr 9.425; May 9.445; Jun 9.4975; Jul 9.5175 Oats: TRUCK 20 Day To-Arrive US 2 or Better 2.8025 - 3.1125 No Quote - - RAIL 20 Day To-Arrive 2.8025 - 3.1125 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 August 2017 AVERAGES Average prices are for spot market unless otherwise denoted. MGEX wheat/Delivered Chicago/Beyond No 1 DNS Wheat 13% protein 7.4295 14% protein 7.6357 15% protein 7.9589 No 1 Hard Amber Durum No Quote Minneapolis Based Price Rye Spot No Quote To-Arrive 3.9478 No 2 Yellow Corn 3.0733 No 2 Heavy Oats 2.9683 (20 Day To-Arrive Average) No 3 or better Malting Barley 4.7000 (20 Day To-Arrive Average) No 2 Feed Barley 2.0978 No 1 Yellow Soybeans 9.1545 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 13:34 c kmb