Minneapolis Daily Cash Grain Report

MINNEAPOLIS - Jun 9/10 - SNS -- Daily update by cash grain bids in Minneapolis for grains and oilseeds, including a summary of truck and railcar receipts at the city's terminal elevators.

Minneapolis Daily CASH Grain Report
  Est Early Morning Receipts Rail
                     Jun 09           Year Ago
  Wheat                   49             38
  Durum                   29             0
  Barley                   0             0
Actual wheat receipts on the exchange floor:
Today's were 92 cars which included 1 trains.
Last year's were 38 cars which included 0 trains.
Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was
28.50 cents lower to 21.75 cents higher from 5.0625-8.3625.  The Spring Wheat
basis was 25 cents lower to 25 cents higher.
Current freight spread for unload to Minneapolis is 15 cents; Duluth 25 cents.
***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
  12 Pct    4.6125N -4.7625 N    dn 3.25               - -     - -
  13 Pct    5.0625  -5.5125 N    dn 3.25             4.4125    - -
  13.5 Pct  5.6625  -5.9125 B    up 6.75-21.75         - -     - -
  14 Pct    6.2625  -6.6625      dn 13.25            5.1625    - -
  14.5 Pct  6.8625  -7.0125      dn 28.25-13.25        - -     - -
  15 Pct    8.3625               dn 3.25             5.8625    - -
  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              - -                 4.1125
  12 Pct   No Quote              - -                 4.3625
  13 Pct   No Quote              - -                 4.4625
  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              - -                 4.5000
 US 2      No Quote              - -                 4.5000
Barley:
 US 2 Feed
 Dul       No Quote              - -                  - -
 Mpls       2.2500B              unch                2.2500
US 2 Yellow Corn
 Mpls       3.1125B              up 1                3.1125
More corn bids:  July 3.1225; Aug 3.1; Sep 2.96; N/C 3.035.
US 1 Yellow Soybeans
 Mpls       9.2750B              up 12.5             9.2750
More soybean bids:  July 9.225; Aug 8.705; Sep 8.455; N/C 8.455.
Oats:                                               TRUCK 20 Day To-Arrive
 US 2 or Better                                      2.0400
           No Quote              - -                RAIL 20 Day To-Arrive
                                                     2.0400
Malting Barley - 2.0 ppm or less vomitoxin
 Robust   70 Pct Btr Plump
           No Quote              - -                 3.2000**
**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
May 2010 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat      13% protein 5.6375
                     14% protein 6.5500
                     15% protein 8.3025
 No 1 Hard Amber Durum           No Quote
Minneapolis Based Price
 Rye                 Spot        No Quote
                     To-Arrive   4.5000
 No 2 Yellow Corn                3.3475
 No 2 Heavy Oats                 1.9700            (20 Day To-Arrive Average)
 No 3 or better Malting Barley   3.1725            (20 Day To-Arrive Average)
 No 2 Feed Barley                2.2575
 No 1 Yellow Soybeans            9.1050
Source:   USDA Market News Service, Minneapolis, MN

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