MS_GR115
Minneapolis, MN            Thu  Nov 19, 2009         USDA Market News

Minneapolis Weekly Grain Summary

Prices for the week ending Thursday  November 19, 2009

   The Milling Spring Wheat was lower.  Supplies unseasonably heavy this week 
with light demand noted on lower protein milling quality wheat.

   Spring Wheat: Prices are for US 1 Dark Northern Spring Wheat with less than 
2.0 pct Vomitoxin.  The low 14 pct protein wheat was 10 to 40 cents lower from 
6.9850-7.2850, the basis was 30 to 60 cents lower from 130-160 cents over the 
Dec futures.  The 14.5's was steady to 20 cents lower from 7.8850-80850 with the 
basis steady to 20 cents lower from 220 to 240 cents over the Dec futures.  The 
12 pct protein Hard Red Winter Wheat had no quote on the spot market.  The 20 
day to-arrive was 20 cents higher at 5.6150, with the basis steady at 7 cents 
under the Dec futures.

   Durum: Choice and Balance Milling Durum had no quote.  Both Minneapolis and 
Duluth terminal durum continued to have no quote. 

   Rye: US 1 Rye had no quote on the spot market. The to-arrive Rye was steady 
with a bid of 4.50.    

   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 3.70.  Feed Barley delivered into Duluth closed the week with 
no bid.  Feed Barley delivered into Minneapolis was 25 cents higher with a bid 
of 2.65

  Corn: US 2 Yellow Corn was 18.5 cents higher at 3.5200, the basis was 14 cents 
higher at 43 cents under the Dec futures.  The to-arrive bids for corn are: 
River Open at 3.8050, May at 3.8550 and June at 3.9075.

  Oats: US 2 or better Oats had no quote on the spot market.  The To-arrive Bids 
for oats was 9.50 to 14.50 cents lower at 2.5450-2.5950; the basis was steady to 
5.00 lower from 5.00 under to option (+0) the December futures.

   Soybeans: US 1 Yellow Soybeans were 61.00 cents higher at 9.8400; the basis 
was 12 cents higher at 55 cents under the Jan futures.  The to-arrive bids for 
soybeans are: River Open at 9.9525, May at 9.9925 and June at 9.9500.

   Sunflowers: The NuSun Sunflowers in Enderlin was 20 cents higher at 13.35, 
Fargo was also 50 cents higher at 13.35.

FUTURES     Dec 09     Jan 10     Mar 10     May 10     Jul 10     Aug 10
MPLS        
Spring:     5.6850        - -     5.8525     5.9675     6.0900        - -
CBOT  
Corn        3.9500        - -     4.1075     4.2050     4.2875        - -
Oats        2.5950        - -     2.7300     2.8125     2.8875        - - 
Soybeans       - -    10.3900    10.4475    10.4625    10.5000    10.4650






                  Cash Market                      Delivered 20 day truck
Wheat US 1:    This Week         Last Week         Mpls          Duluth
N/DNS Wheat
  13 pct       5.685*-5.785      5.735N-5.935*     5.3850
  13.5 pct     5.985-6.205       6.235-6.335
  14 pct       6.985-7.285       7.085N-7.685      5.9850
  14.5 pct     7.885-8.085N      7.885
  15 pct       8.685N-8.935      8.585-8.935       6.4850
Durum
Choice Milling No Quote          No Quote          - -           - -
Rye, US 1      No Quote          No Quote          4.5000        - -
Oats
  US 2 or Btr  No Quote          No Quote          2.545-2.595
Malting Barley
  Robust       No Quote          No Quote          3.7000        - -
US 2 Feed Barley
  Mpls         2.65 B            2.4 B             2.6500        - -
Yellow Corn
  US 2         3.52 B            3.335 B           3.5200        - -
Soybeans
  US 1         9.84 B            9.23 B            9.8400        - -

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

14:25          C   cam
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