MS_GR110 **THIS REPORT WILL NOT BE RELEASED FRIDAY, JULY 4, 2008*** Minneapolis, MN Thu Jul 03, 2008 USDA Market News Minneapolis Daily CASH Grain Report Receipts Rail Jul 03 Year Ago Wheat 31 72 Durum 3 53 Corn 0 0 Oats 0 1 Barley 0 2 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 22.50 to 82.50 cents lower from 10.38-11.13. The Spring Wheat basis was 25 to 85 cents lower. 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 No Quote - - - - - - 13 Pct 10.5300 dn 62.5 9.7300 - - 14 Pct 10.3800 -11.1300 dn 82.5-22.5 10.1300 - - 15 Pct 10.8800 dn 47.5 10.3300 - - 16 Pct No Quote - - - - - - 17 Pct No Quote - - - - - - 18 Pct No Quote - - - - - - *Train Balance Spring Wheat - 13 pct US 1 No Quote - - US 2 9.8800 no comp US 3 No Quote - - Balance Spring Wheat - 14 pct US 1 9.8800 no comp US 2 No Quote - - US 3 No Quote - - Balance Spring Wheat - 15 pct US 1 No Quote - - US 2 10.6300 no comp 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 - - No Quote 12 Pct No Quote - - 9.8300 13 Pct No Quote - - 9.8300 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 - - - - US 2 No Quote - - - - Barley: Mpls US 2 Feed Dul No Quote - - - - Mpls 5.4500B up 0.1 5.4500 US 2 Yellow Corn Mpls Mpls 6.7475 B dn 1.25 6.7575 More corn bids: Aug 6.7675; N/C 6.77. US 1 Yellow Soybeans Mpls Mpls 15.8900 B up 14.5 15.8900 More soybean bids: Aug 15.88; N/C 15.01. Oats: Mpls US 2 or Better No Quote RAIL - Spot RAIL Mpls/Dul Change Bid to Arrive Mpls 20 Day Oats: No Quote - - No Quote Malting Barley - 2.0 ppm or less vomitoxin Robust 70 Pct Btr Plump No Quote - - 7.5000** **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 June 2008 AVERAGES Average prices are for spot market unless otherwise denoted. Minneapolis No 1 DNS Wheat 13% protein 11.3450 14% protein 11.4600 15% protein 11.6630 No 1 Hard Amber Durum No Quote Rye Spot No Quote To-Arrive No Quote No 2 Yellow Corn 6.3299 No 2 Heavy Oats 4.0700 (20 Day To-Arrive Average) No 3 or better Malting Barley 7.4050 (20 Day To-Arrive Average) No 2 Feed Barley 5.1225 No 1 Yellow Soybeans 14.3600 **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 13:51 Ccam