USDA Market Report

MS_GR110
Minneapolis, MN    Fri Aug 07, 2020    USDA Market News

NOTICE:  As Market News transitions reports to the MARS 
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converted from a text version to a more user-friendly 
and accessible PDF format. In the next few weeks, this 
report will move to the new platform and will be 
accessible at: 
https://www.ams.usda.gov/mnreports/AMS_3046.pdf 

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Market News, please contact us at 
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Minneapolis Daily CASH Grain Report

Actual wheat receipts on the exchange floor:
Today's were 72 cars which included 2 trains.
Last year's were 83 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, 21.50 cents lower to 8.50 cents higher from 5.9450*-6.1950.  
The Spring Wheat basis was mixed, 20 cents loewr 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   No Quote              - -                 4.9950   - -
  13.5 Pct No Quote              - -                   - -    - -
  14 Pct     5.9450* 6.0450      dn 1.5-up 8.5       4.9950   - -
  15 Pct     6.1450  6.1950*     dn 21.5-16.5        4.9950   - -
  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       5.9950              no comp
  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              - -                 4.9050
  12 Pct   No Quote              - -                 4.9550
  13 Pct   No Quote              - -                 4.9550
  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              - -                 5.4000
 US 2      No Quote              - -                 5.4000

Barley:
 US 2 Feed
 Dul       No Quote              - -                   - -
 Mpls        1.7500              unch                1.7500

US 2 Yellow Corn
 Mpls        2.7375B             dn 3.5              2.7375
More corn bids:  Sep 2.7475; Oct 2.7875; Nov 2.8675;
  .

US 1 Yellow Soybeans
 Mpls     8.5050   B             dn 10.5             8.5050
More soybean bids:  F/H Sep 8.475; L/H Sep 8.375; Oct 8.375; Nov 8.475;
  .

Oats:                                              TRUCK 20 Day To-Arrive
 US 2 or Better                                      2.7850 - 3.1450
           No Quote              - -               RAIL 20 Day To-Arrive
                                                     2.7850 - 3.1450
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

July 2020 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat      13% protein 6.1880
                     14% protein 6.1575
                     15% protein 6.4363
 No 1 Hard Amber Durum           No Quote
Minneapolis Based Price
 Rye                 Spot        No Quote
                     To-Arrive   5.4000
 No 2 Yellow Corn                3.0952
 No 2 Heavy Oats                 3.3467
 No 3 or better Malting Barley   No Quote
 No 2 Feed Barley                1.7500
 No 1 Yellow Soybeans            8.7667

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


13:43     c  bdp