MS_GR115 Minneapolis, MN Thu Aug 21, 2008 USDA Market News Minneapolis Weekly Grain Summary Prices for the week ending Thursday August 21, 2008 The Milling Spring Wheat was lower this past week. The basis was sharply lower as new crop became more readily available. Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less than 2.0 pct Vomitoxin. The 14 pct protein Spring Wheat was 66 to 76 cents lower 10.0300 to 10.4800, the basis was 35 to 80 cents over the September futures. The 12 pct protein Hard Red Winter had no quote on the spot market. The 20 day to-arrive was 13.50 cents higher at 9.26, the basis was steady at 42 cents under the September futures. Durum: Choice and Balance Milling Durum had no quote. Both Minneapolis and Duluth terminal durum had no quote. Durum rail receipts for the week totaled 38 compared to 99 last year. Rye: US 1 Rye had no quote on the spot market. The to-arrive Rye was steady at 7.00. Barley: Robust Malting Barley 60 pct or better plump max. 2.0 ppm vomitoxin had no quote. The to-arrive bid for 1.0 ppm vomitoxin rail delivered to Minneapolis was 20 cents lower at 6.90 per bushel. Receipts for the week totaled 12 compared to 17 last year. Feed Barley delivered into Duluth closed the week with no bid. Feed Barley delivered into Minneapolis was 4.20. Corn: US 2 Yellow Corn was 30 cents lower at 5.4975, the basis was 10 cents lower at 48 cents under the September futures. To-arrive bids for corn are: F/H Sep at 5.5275, L/H Sep at 5.4475, Oct at 5.3750 and Nov at 5.4550. Oats: US 2 or better Oats had no quote on the spot market. To-arrives market also had no quote. Soybeans: US 1 Yellow Soybeans were 72 cents higher at 13.03 with the basis 5 cents lower at 48 cents under the November futures. To-arrive bids for soybeans are: F/H Sep at 12.6600, L/H Sep at 12.5600, Oct at 12.3300 and Nov 12.4300. Sunflowers: The NuSun Sunflowers in Enderlin were 50 cents higher at 26.60, Fargo was 50 cents higher at 26.60. FUTURES Sep 08 Nov 08 Dec 08 Jan 09 Mar 09 May 09 MPLS Spring: 9.6800 - - 9.8225 - - 9.9775 10.0175 CBOT Corn 5.9775 - - 6.1750 - - 6.3700 6.4850 Oats 3.7650 - - 3.9600 - - 4.1425 4.2500 Soybeans 13.4100 13.4800 - - 13.6525 13.7900 13.8550 Cash Market Delivered 20 day truck Wheat US 1: This Week Last Week Mpls Duluth N/DNS Wheat 13 pct 9.73-9.93 10.345 9.2800 14 pct 10.03-10.48 10.795-11.145 9.7800 15 pct 10.63-11.08 11.295 9.8800 Durum Choice Milling No Quote No Quote - - - - Rye, US 1 No Quote No Quote 7.0000 - - Oats US 2 or Btr No Quote No Quote No Quote Malting Barley Robust No Quote No Quote 6.9000 - - US 2 Feed Barley Mpls 4.2 B 3.85 B 4.2000 - - Yellow Corn US 2 5.4975 B 5.1975 B 5.5275 - - Soybeans US 1 13.03 B 12.31 B 12.6600 - - N = Nominal; A = Ask; B = Bid Source: USDA Market News Service, Minneapolis, MN 612-370-3258 24 hour price information 612-370-3260 www.ams.usda.gov/mnreports/MS_GR115.txt 15:29 C guy .