Cash grain

Posted: Tuesday, December 31, 2002

MINNEAPOLIS(AP) -- Wheat receipts Monday 243, a year ago 138.

Spring wheat cash trading basis: 4 to 12 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: 12 to 20 cents lower from 4.23 1/2 to 4.25 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;

14 percent, 4.25 1/2 down 13 to 15

14.5 percent, Combined with 14s

15 percent, 4.23 1/2 (train), down 12 to 20

16 percent, no quote;

17 percent, no quote.

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

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

Soybeans No. 1 yellow Minneapolis: no bid.



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