Minneapolis Daily Cash Grain Report

MINNEAPOLIS - Mar 29/05 - SNS -- Daily update by cash grain bids in Minneapolis for grains and oilseeds, including a summary of truck and railcar receipts at the city's terminal elevators.

Minneapolis Daily CASH Grain Report
    Receipts          Rail
                 Mar 29  Year Ago
     Wheat         159      104
     Durum          58      102
     Corn            0        0
     Oats            0        0
     Barley          2        0
     Rye             0        0
     Soybeans        0        0
     Sunflowers      0        0
Minneapolis Daily Grain Prices: Spot No. 1 Dark Northern Spring Wheat 13 to 15
pct Protein. Cash prices were mixed, 5 3/4 cents lower to 4 1/4 cents higher
from 3.74 1/2-5.49 1/2.  The Spring Wheat basis was mixed, 5 cents lower to 5
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; 60 lbs or better; 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      3.74 1/2 -3.79 1/2   dn 5 3/4-3/4        3.59 1/2   3.54 1/2
  13.5 Pct    4.19 1/2N-4.29 1/2   dn 3/4
  14 Pct      4.39 1/2 -4.54 1/2   up 4 1/4            3.99 1/2   4.29 1/2
  14.5 Pct    4.89 1/2N-4.99 1/2N  dn 3/4
  15 Pct      5.29 1/2 -5.49 1/2   dn 5 3/4-3/4        4.89 1/2   5.04 1/2
  16 Pct      No Quote             - -
  17 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
  11 Pct      No Quote           - -              3.57 1/2
  12 Pct      No Quote           - -              3.72 1/2
  13 Pct      No Quote           - -              3.77 1/2
Milling Durum: 0 Cars traded with 0 at the Top
  Choice Milling     No Quote         - -
  Balance Milling    No Quote         - -
Terminal - Mpls      No Quote         - -
           Dul       No Quote         - -
Durum traded from/at - -  As Is.
Rye:                                              Mpls
  US 1 Plump         No Quote         - -         4.20
  US 2               No Quote         - -         4.20
Barley:                                           Mpls
 US 2 Feed    Dul    No Bid           - -         - -
              Mpls   1.70 B           unch        1.70
US 2 Yellow Corn                                  Mpls
  Mpls               1.80     B       up 1/4      1.92
More corn bids: last/half Apr 1.95; May 1.98; June 2.00; July 2.00.
US 1 Yellow Soybeans                              Mpls
  Mpls               5.94     B       dn 1 3/4    5.95
More soybean bids: last/half Apr 5.97; May 6.03; June 6.08 1/4;
   July 6.08 1/4.
Oats:                                             Mpls
  US 2 or Better                                  1.87-1.90
                    RAIL - Spot                   RAIL
                    Mpls/Dul         Change    Bid To Arrive-Mpls
                                                  20 Day
Oats:
  US 2 or Better    No Quote         - -          1.87-1.90
Malting Barley - 2.0 ppm or less vomitoxin
 Robust
  70 Pct Btr Plump      No Quote     - -          2.45**
  60-70 Pct Plump       No Quote     - -
 Standard               No Quote     - -
 Excel/Foster           No Quote     - -
 Azure                  No Quote     - -
**To-Arrive Malting barley is Rail delivered Minneapolis for 1.0 ppm
   vomitoxin with discounts to apply.
                 Mpls=Minneapolis  Dul=Duluth  n=Nominal
                  a=Asked  b=Bid   nb=No Bid  nq=No Quote
Spot market prices are on track at location.  To Arrive bids are on truck
at location.  Test weight premiums for Wheat 0-1 cent each 1/2 lbs 58-60
lbs. Test weight discounts: 1-2 cents each 1/2 lbs 58-56 lbs. Amber
Discounts: 5-10 Premium; 10-40 cents Durum.
Source:  USDA Market News Service, Minneapolis, MN

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