MS_GR110 Minneapolis, MN Fri Nov 20, 2009 USDA Market News Minneapolis Daily CASH Grain Report Receipts Rail Nov 20 Year Ago Wheat 71 42 Durum 14 6 Corn 0 0 Oats 0 0 Barley 6 0 Rye 0 0 Soybeans 0 0 Sunflowers 0 0 Minneapolis Daily Grain Prices: Spot No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was mixed, mostly 4.50 lower to 5.50 higher from 5.64-8.99. The Spring Wheat basis was mostly steady to 10 cents higher. 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 TRUCK Mpls/Dul Change Bid To Arrive 20 Day US 1 Milling DNS/NS Wheat Mpls Dul 12 Pct 5.3900N dn 4.5 - - - - 13 Pct 5.6400 dn 4.5-14.5 5.3400 - - 13.5 Pct 5.9400 -6.3900 dn 4.5-up 18.5 - - - - 14 Pct 6.9400 -7.3400 dn 4.5-up 5.5 5.9400 - - 14.5 Pct 7.8400 -8.0400 N dn 4.5 - - - - 15 Pct 8.6400N -8.9900 dn 4.5-up 5.5 6.4400 - - 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 - - 4.9700 12 Pct No Quote - - 5.3700 13 Pct No Quote - - 5.4700 14 Pct No Quote - - Milling Durum: 0 Cars traded with 0 at the Top Choice MilNo Quote - - Balance MiNo Quote - - Terminal -No Quote - - Dul No Quote - - Durum traded from/at - - As Is. Rye: Mpls US 1 PlumpNo Quote - - 4.5000 US 2 No Quote - - 4.5000 Barley: Mpls US 2 Feed Dul No Quote - - - - Mpls 2.6500B unch 2.6500 US 2 Yellow Corn Mpls Mpls 3.4800B dn 4 3.4800 More corn bids: R/O 3.7700; May 3.8200; June 3.875; . US 1 Yellow Soybeans Mpls Mpls 9.9100B up 7 9.9100 More soybean bids: R/O 9.995; May 10.035; June 9.985; . Oats: Mpls US 2 or Better 2.5300-2.5800 RAIL - Spot RAIL Mpls/Dul Change Bid to Arrive Mpls 20 Day Oats: No Quote - - 2.5300-2.5800 Malting Barley - 2.0 ppm or less vomitoxin Robust 70 Pct Btr Plump No Quote - - 3.3500** **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 October 2009 AVERAGES Average prices are for spot market unless otherwise denoted. Minneapolis No 1 DNS Wheat 13% protein 5.3525 14% protein 6.3600 15% protein 7.9110 No 1 Hard Amber Durum No Quote Rye Spot No Quote To-Arrive 4.2500 No 2 Yellow Corn 3.3875 No 2 Heavy Oats 2.3400 (20 Day To-Arrive Average) No 3 or better Malting Barley NQ (20 Day To-Arrive Average) No 2 Feed Barley 2.0725 No 1 Yellow Soybeans 9.5175 **Monthly averages are rounded to the nearest cent. Source: USDA Market News Service, Minneapolis, MN 612-370-3258 24 hour price information 612-370-3260 www.ams.usda.gov/mnreports/MS_GR110.txt 13:55 C cam