MS_GR110 **Updated soybeans** Minneapolis, MN Tue Oct 17, 2017 USDA Market News Minneapolis Daily CASH Grain Report Actual wheat receipts on the exchange floor: Today's were 18 cars which included 0 trains. Last year's were 56 cars which included 1 trains. Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot No. 1 Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was 1.50 to 21.50 cents higher from 7.11-7.81. The Spring Wheat basis was steady to 20 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 - - 5.9100 - - 13.5 Pct 7.1100 no comp - - - - 14 Pct 7.3600 -7.4100 up 16.5-1.5 6.1600 - - 14.5 Pct 7.3600 up 16.5 - - - - 15 Pct 7.8100 up 21.5-1.5 6.2600 - - 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 - - 4.5325 12 Pct No Quote - - 4.6325 13 Pct No Quote - - 4.6325 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 2.9400B dn 2.5 3.0000 More corn bids: L/H Apr 3.38; May 3.38; Jun 4.155; Jul 4.165. US 1 Yellow Soybeans Mpls 9.2275B dn 6.25 9.2975 More soybean bids: L/H Apr 9.72; May 9.75; Jun 9.81; Jul 9.80 Oats: TRUCK 20 Day To-Arrive US 2 or Better 2.6975 - 3.2475 No Quote - - RAIL 20 Day To-Arrive 2.6975 - 3.2475 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 Sep 2017 AVERAGES Average prices are for spot market unless otherwise denoted. MGEX wheat/Delivered Chicago/Beyond No 1 DNS Wheat 13% protein 6.8335 14% protein 7.1783 15% protein 7.5950 No 1 Hard Amber Durum No Quote Minneapolis Based Price Rye Spot No Quote To-Arrive 4.0000 No 2 Yellow Corn 2.8738 No 2 Heavy Oats 2.8674 (20 Day To-Arrive Average) No 3 or better Malting Barley 4.7000 (20 Day To-Arrive Average) No 2 Feed Barley 2.1000 No 1 Yellow Soybeans 9.0579 Source: USDA Market News Service, Minneapolis, MN Carol Meinders 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 13:39 c cam