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 MS_GR110
Minneapolis, MN    Mon Feb 24, 2020    USDA Market News

Minneapolis Daily CASH Grain Report

Actual wheat receipts on the exchange floor:
Today's were 10 cars which included 0 trains.
Last year's were 3 cars which included 0 trains.

Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Northern/Dark Northern Spring Wheat 12 to 15 pct protein wheat was
12 to 42 cents lower from 6.29N-6.74.  The Spring Wheat basis was 
steady to 30 cents lower.

***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              - -                 5.4900   - -
  13.5 Pct   6.2900N 6.3900N     dn 12                 - -    - -
  14 Pct     6.3900  6.4900      dn 12               5.4900   - -
  15 Pct     6.4400A 6.7400      dn 42-12            5.4900   - -
  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              - -                 5.5225
  12 Pct   No Quote              - -                 5.6225
  13 Pct   No Quote              - -                 5.6225
  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              - -                 5.6000
 US 2      No Quote              - -                 5.6000

Barley:
 US 2 Feed
 Dul       No Quote              - -                   - -
 Mpls        2.5000B             unch                2.5000

US 2 Yellow Corn
 Mpls        3.4225B             dn 4.75             3.4425
More corn bids:  Apr 3.5525; May 3.5825; Jun 3.565; Jul 3.575;
 Oct 3.4425 Nov 3.4625.

US 1 Yellow Soybeans
 Mpls     8.2925   B             dn 16.25            8.3425
More soybean bids:  Apr 8.515; May 8.595; Jun 8.66; Jul 8.72;
 Oct 8.69; Nov 8.75.

Oats:                                              TRUCK 20 Day To-Arrive
 US 2 or Better                                      3.1800 - 3.4100
           No Quote              - -               RAIL 20 Day To-Arrive
                                                     3.1800 - 3.4100
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

January 2020 AVERAGES
Average prices are for spot market unless otherwise denoted.
MGEX wheat/Delivered Chicago/Beyond
 No 1 DNS Wheat      13% protein 6.5697
                     14% protein 6.6894
                     15% protein 6.9573
 No 1 Hard Amber Durum           No Quote
Minneapolis Based Price
 Rye                 Spot        No Quote
                     To-Arrive   5.6000
 No 2 Yellow Corn                3.5550
 No 2 Heavy Oats                 3.4264
 No 3 or better Malting Barley   No Quote
 No 2 Feed Barley                2.5000
 No 1 Yellow Soybeans            8.7518

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


13:45     c  bdp 
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