Cash grain

Posted: Thursday, March 20, 2003

MINNEAPOL (AP) -- Wheat receipts Wednesday 97, a year ago 135.

Spring wheat cash trading basis: steady to 10 cents lower.

(Prices reflect No. 1 milling quality only. Milling quality is defined as: 275 or better falling numbers; 58 lbs or better; 13.5 percent or less moisture; 1.5 percent or less damage, 1.5 percent or less dockage and 2.0 ppm or less vomitoxin.)

No. 1 dark 14-15 percent protein:

Prices: 1 1/2 to 11 1/2 cents lower from 4.21 1/2 to 4.31 1/2 nominal.

Test weight premiums: 0 to 1 cent each 1/2 pound 58 to 60 lbs; 1 to 2 cent discount for each 1/2 pound 58 to 56 lbs. Non-milling discounts: .85 to 1.75 cents.

Protein prices: 11 percent, no quote;

12 percent, no quote;

13 percent, no quote

14 percent, 4.21 1/2 down 6 1/2 to 11 1/2

14.5 percent, Combined with 14s

15 percent, 4.31 1/2 nominal down 1 1/2

16 percent, no quote;

Hard red winter wheat: 12 percent protein no quote; 13 percent no quote.

H-A-D choice milling: no quote

balance milling: no quote

terminal Minneapolis no quote;

Number traded: milling 0 cars; top traded milling 0 cars.

Off grade as low as no quote Minneapolis, no quote. Discounts, amber 5 to 10 cents; durum 10 to 40 cents.

Corn No. 2 yellow Minneapolis: 2.21 1/2 bid up 1 3/4

Oats U.S. 2 or better: no quote

Barley cars 13, a year ago 6.

No. 2 feed barley Duluth: no bid

Minneapolis: 2.00 bid

Rye No. 1 Pl: no quote; No. 2: no quote

Soybeans No. 1 yellow Minneapolis: Ltd 5.54 1/2 bid down 3 1/2 54 1/2 bid down 3 1/2



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