Cash grain

Posted: Friday, May 19, 2000

MINNEAPOLIS (AP) -- Wheat receipts Thursday 67, a year ago 168.

Spring wheat cash trading basis: steady to 13 cents higher, mostly steady.

(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: mostly 1 1/4 cents lower from 3.39 1/2 nominal to 4.19 1/2.

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, 3.39 1/2 nominal to 3.54 1/2 down 1 1/4 to up 11 3/4

14 percent, 3.69 1/2 to 3.72 1/2 up 3 3/4 to down 1 1/4

14.5 percent, 3.84 1/2 to 3.86 1/2 nominal down 1 1/4

15 percent, 4.09 1/2 to 4.19 1/2 down 1 1/4

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

Corn No. 2 yellow Minneapolis: 2.11 bid up 1 1/2

Soybeans No. 1 yellow Minneapolis: 5.20 bid up 6 3/4



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