MS_GR110 Minneapolis, MN Wed May 01, 2019 USDA Market News Minneapolis Daily CASH Grain Report Actual wheat receipts on the exchange floor: Today's were 64 cars which included 2 trains. Last year's were 94 cars which included 2 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 35 cents lower to 33 cents higher from 6.07N-6.37. The Spring Wheat basis was mixed 40 cents lower to 28 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 - - 5.3200 - - 13.5 Pct 6.0700N 6.2200 up 5-20 - - - - 14 Pct 6.2700 up 33-28 5.3200 - - 14.5 Pct 6.2700 dn 30 - - - - 15 Pct 6.2700* 6.3700 up 20-dn 35 5.3200 - - 16 Pct 6.2700* no comp - - - - 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 - - 4.8000 12 Pct No Quote - - 4.9000 13 Pct No Quote - - 4.9000 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 3.2500B unch 3.2500 US 2 Yellow Corn Mpls 3.2750B no comp 3.2750 More corn bids: Jun 3.305; Jul 3.305; Aug 3.3125; Oct 3.3325; Nov 3.3925 . US 1 Yellow Soybeans Mpls 7.8175 B no comp 7.8175 More soybean bids: Jun 7.8975; Jul 7.9375; Aug 7.93; Oct 7.97; Nov 8.05 . Oats: TRUCK 20 Day To-Arrive US 2 or Better 3.0475 - 3.5475 No Quote - - RAIL 20 Day To-Arrive 3.0475 - 3.5475 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 Mar 2019 AVERAGES Average prices are for spot market unless otherwise denoted. MGEX wheat/Delivered Chicago/Beyond No 1 DNS Wheat 13% protein 7.2513 14% protein 7.1915 15% protein 7.2384 No 1 Hard Amber Durum No Quote Minneapolis Based Price Rye Spot No Quote To-Arrive No Quote No 2 Yellow Corn 3.2525 No 2 Heavy Oats 3.1783 No 3 or better Malting Barley No Quote No 2 Feed Barley 2.6000 No 1 Yellow Soybeans 8.1688 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 13:49 c cam