MS_GR110 Minneapolis, MN Mon Jul 06, 2009 USDA Market News Minneapolis Daily CASH Grain Report Receipts Rail Jul 06 Year Ago Wheat 43 18 Durum 8 0 Corn 0 0 Oats 1 0 Barley 0 0 Rye 0 0 Soybeans 0 0 Sunflowers 0 2 Minneapolis Daily Grain Prices: Spot No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was mostly 10 cents lower from 6.1250N-7.7250N. The Spring Wheat basis was steady to 40 cents lower, mostly steady. 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 6.1250N -6.3250 N dn 10 5.7750 - - 13.5 Pct 6.3750 dn 20-50 - - - - 14 Pct 6.7250 -6.8750 dn 10 6.3750 - - 14.5 Pct 7.0250N -7.1750 N dn 10 - - - - 15 Pct 7.6250A -7.7250 N dn 10 6.7750 - - 16 Pct 7.8250 no comp - - - - 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 - - 5.0050 12 Pct No Quote - - 5.5050 13 Pct No Quote - - 5.6550 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 2.1000B dn 0.15 2.1000 US 2 Yellow Corn Mpls Mpls 3.2175B dn 4 3.2175 More corn bids: Aug 3.1575; Sep 3.0275; Oct 2.9325; Nov 3.0025. US 1 Yellow Soybeans Mpls Mpls 11.9750B dn 36.5 11.9750 More soybean bids: Aug 11.205; Sep 9.46; Oct 9.18; Nov 9.27. Oats: Mpls US 2 or Better 2.1225-2.1725 RAIL - Spot RAIL Mpls/Dul Change Bid to Arrive Mpls 20 Day Oats: No Quote - - 2.1225-2.1725 Malting Barley - 2.0 ppm or less vomitoxin Robust 70 Pct Btr Plump No Quote - - 4.1500** **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 2009 AVERAGES Average prices are for spot market unless otherwise denoted. Minneapolis No 1 DNS Wheat 13% protein 7.3900 14% protein 7.9625 15% protein 9.2825 No 1 Hard Amber Durum No Quote Rye Spot No Quote To-Arrive No Quote No 2 Yellow Corn 3.8800 No 2 Heavy Oats 2.3300 (20 Day To-Arrive Average) No 3 or better Malting Barley 4.6300 (20 Day To-Arrive Average) No 2 Feed Barley 2.7625 No 1 Yellow Soybeans 11.9500 **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 13:46 C cam