MS_GR110 ***Updated Corn and Soybeans*** Minneapolis, MN Tue May 21, 2013 USDA Market News Minneapolis Daily CASH Grain Report Est Early Morning Receipts Rail May 21 Year Ago Wheat 16 36 Durum 10 0 Barley 0 0 Actual wheat receipts on the exchange floor: Today's were 8 cars which included 0 trains. Last year's were 37 cars which included 0 trains. Minneapolis Daily Exchange Grain Prices Delivered Chicago/Beyond: Spot No. 1 Northern/Dark Northern Spring Wheat 13 to 15 pct protein wheat was 7.75 cents lower to 2.25 cents higher from 9.0350-9.4850. The Spring Wheat basis was steady to 10 cents lower. Current freight spread for unload to Minneapolis is 15-20 cents; Duluth 20-25 cents. ***PLEASE NOTE: Prices prior to Jan 4, 2010 were for Minneapolis beyond; the provided freight rate differential to Minneapolis is for Minneapolis unload. Only the spot wheat/durum rail market is being quoted delivered Chicago/Beyond. The to-arrive wheat is truck delivered and on a Minneapolis or Duluth based market. 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 Change TRUCK Wheat on MGEX Floor/Delivered Chicago/Beyond 20 Day To-Arrive US 1 Milling DNS/NS Wheat Mpls Dul 11 Pct No Quote - - - - - - 12 Pct No Quote - - - - - - 13 Pct No Quote - - 8.3850 - - 14 Pct 9.0350 -9.1350 N dn 7.75-up 2.25 8.4850 - - 15 Pct 9.1850N -9.4850 N up 2.25 8.4850 - - 16 Pct 9.3850 no comp - - - - 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 10 Pct No Quote - - 11 Pct No Quote - - 7.9850 12 Pct No Quote - - 8.2350 13 Pct No Quote - - 8.3350 14 Pct No Quote - - Milling Durum: 0 Cars traded with 0 at the Top Choice MilNo Quote - - Balance MiNo Quote - - Terminal -No Quote - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - The following information is quoted Minneapolis, NOT Chicago/Beyond. RAIL - Spot Change TRUCK-To-Arrive Rye: Mpls US 1 PlumpNo Quote - - - - US 2 No Quote - - - - Barley: US 2 Feed Dul No Quote - - - - Mpls 4.9500B dn 0.05 4.9500 US 2 Yellow Corn Mpls 6.7300B dn 7.5 6.6300 More corn bids: Jul 6.6400; Oct 4.7625; Nov 4.8225. US 1 Yellow Soybeans Mpls 15.2725 B up 21.75 15.1525 More soybean bids: L/H Jun 14.9525; Jul 14.7725; Oct 11.8975; Nov 11.9675. Oats: TRUCK 20 Day To-Arrive US 2 or Better 3.6500 - 3.8500 No Quote - - RAIL 20 Day To-Arrive 3.6500 - 3.8500 Malting Barley - 2.0 ppm or less vomitoxin Robust 70 Pct Btr Plump No Quote - - 6.6000** **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 April 2013 AVERAGES Average prices are for spot market unless otherwise denoted. MGEX wheat/Delivered Chicago/Beyond No 1 DNS Wheat 13% protein 8.7695 14% protein 9.1116 15% protein 9.3176 No 1 Hard Amber Durum No Quote Minneapolis Based Price Rye Spot No Quote To-Arrive No Quote No 2 Yellow Corn 6.3657 No 2 Heavy Oats 4.1250 (20 Day To-Arrive Average) No 3 or better Malting Barley 6.5119 (20 Day To-Arrive Average) No 2 Feed Barley 4.9977 No 1 Yellow Soybeans 14.1002 Source: USDA Market News Service, Minneapolis, MN Carol Meinders 612-370-3258 Minneapolis.LGMN@ams.usda.gov 24 hour price information 612-370-3260 www.ams.usda.gov/mnreports/ms_gr110.txt www.ams.usda.gov/lpsmarketnewspage 15:24 c els