FUTURES SETTLEMENTS AND U.S.D.A. CASH REPORT

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1 FUTURES SETTLEMENTS AND U.S.D.A. CASH REPORT Thursday, December 27, 2018 HRSW MAR 19 MAY 19 JUL 19 SEP 19 DEC 19 MAR 20 MAY 20 MGEX NCI DEC 18 JAN 19 MGEX NSI DEC 18 JAN 19 MGEX SRWI DEC 18 JAN 19 MGEX HRSI DEC 18 JAN 19 MGEX HRWI DEC 18 JAN 19 MGEX Wheat (SRW) MAR 19 MAY 19 JUL 19 SEP 19 DEC 19 MAR 20 MAY 20 JUL 20 CBOT Wheat (HRW) MAR 19 MAY 19 JUL 19 SEP 19 DEC 19 MAR 20 MAY 20 JUL 20 KBOT Corn MAR 19 MAY 19 JUL 19 SEP 19 DEC 19 MAR 20 CBOT Soybeans JAN 19 MAR 19 MAY 19 JUL 19 AUG 19 SEP 19 NOV 19 JAN 20 CBOT Oats MAR 19 MAY 19 JUL 19 SEP 19 CBOT Soybean Meal JAN 19 MAR 19 MAY 19 JULY 19 SEP 19 CBOT Soybean Oil JAN 19 MAR 19 MAY 19 JUL 19 CBOT *Corrected Stlmt. Prices for: RECEIPTS TRUCK INSPECTIONS Rail Cars Today Unit Trains Year Ago Receipts *Truck figures reflect MGE'S Truck Inspections Have Been Discontinued Wheat business day* Wheat Durum Corn Oats Barley Rye Soybeans Flax Sunflowers Milo or Millet Lentils Canola Peas Durum Corn Oats Barley Rye Flax Soybeans Sunflowers Milo or Millet Buckwheat Screenings Misc. (Unit Trains are not totaled) Total Wheat spot cash price is delivered rail Chicago and beyond. Current freight spread to Minneapolis is 15 cents; MGEX Spring Wheat MAR Duluth 25 cents. To-Arrive cash price remains Minneapolis and Duluth. Dark Northern Spring (1DNS or 1NS) The 14.5% prot. Will be added on days it can more clearly represent the value of 14's Prices reflect No. 1 Milling quality only. Milling quality is defined as: 300 or better Falling numbers: 58 lbs. or better; 13.5% or less moisture; 1.5% or less damage; 1.5% less dockage; 2.0 vomitoxin. % Prot. Comments % Protein Basis Price Mar MAR - 11% To-Arrive Truck - Mpls. To-Arrive Truck - Duluth. - 12% Basis Price Basis Price - 13% UNCH 13.5% +85N N UNCH 14% +70N, +115N N, N % NQ UNCH 15% +90N, +155N N, N 0 16% Train* 0-1 Prem. each 1/2 lb. 58lb lb. test wt. 1-2 Disc. each 1/2 lb. under 58 lb lb. * The following Spring Wheat does not meet domestic Milling quality and is traded at a base price with market discounts on other grade factors.* BALANCE SPRING WHEAT MAR % Prot. Comments % Protein Basis Price % Protein % Prot. Comments Basis Price Bal. No. 1/12% Bal. No. 1/15% Bal. No. 1/13% No. 2/15% No. 2/13% No. 3/15% No. 3/13% Bal. No. 1/16% Bal. No. 1/14% No. 2/14% Train* No. 3/14% WINTER WHEAT - USING KC FUTURES % Prot. Comments % Protein Basis Price Mar 10% Basis Price Basis Price 11% % % % Using KC FUTURES : To-Arrive Truck - Mpls. To-Arrive Truck - Duluth.

2 CASH GRAIN PRICES FROM THE FLOOR OF THE MPLS. GRAIN EXCHANGE AS REPORTED BY THE U.S.D.A. Thursday, December 27, 2018 TO ARRIVE PRICES ARE FOR 20 DAY DELIVERY UNLESS OTHERWISE SPECIFIED. Durum Car Sales Puffing Cars Sales PREMIUMS AND DISCOUNTS Choice Milling 2-4 discount each 1/2 lb. 58 to 60 lbs. 2-3 discount each 1% damage over 0% Balance Milling 2-4 discount each 1/2 lb. under 58 lbs. 3 discount each 1% cont. cls. over 1% Terminal Durum: Mpls.: 3 discount each 1% S&B over 3% 10 less amber 3 discount each 1/2% F.M. over 1/2% less durum Duluth: # Cars Trd.: 0 Puffing Prem. Choice Milling must meet min. req.: 60 lbs.; 13.0% Prot., 90 HVAC; 325 falling numbers; with visual inspection. # Cars Traded Top: # Balance Milling Cars Trd.: Terminal Durum Mpls. Choice Milling # Puffing Cars Trd.: Duluth as is: Rail Balance Milling Durum traded low as: as is: Truck Terminal Durum: Mpls.: Durum traded To/From:: Duluth: DURUM CORN #2 Yellow Mpls. Basis Price Mpls. More Bids To-Arrive Mpls. Mar #2 Yellow Corn Basis Price Corn F/H Apr -33 (May) Rail Stlmt UP May -32 (May) Truck OATS Jun -36 (Jul) Jul -35 (Jul) US #2 or Btr. Mpls. Basis Price Mpls. To-Arrive Mpls. Mar Basis Price US #2 or Btr. Oats Oats Rail +44, , Stlmt NQ Truck +44, , To-Arrive BARLEY Malting Types - 6 Row Varities; Basis 13.5% or less moisture, 13.5% or less Protein dry basis To-Arrive Mpls. Rail #2 Feed Barley 6 row malting Over 70% Plump-Mpls 60-70% Plump-Mpls Malting Barley Trend Malting Barley Mpls. Morex/Robust To-Arrive quote is a base Duluth Standard price for 1.0 vomitoxin Excel/Foster To-Arrive with discounts to apply. Azure UNCH #2 Feed Barley Mpls. Duluth Barley Comments: Rail Truck 2.60B 2.60B RYE To-Arrive #1 Plump Rye Mpls. #1 & #2 Rye (over 5% thin) #1 Plump Rye #1 & #2 Rye (over 5% th) 7.7 Rail Truck SOYBEANS US #2 or Btr. Mpls. Basis Price Mpls. More Bids Mar To-Arrive Mpls. Soybeans F/H Apr -70 (May) #1 Yellow Soybean Basis Price Stlmt OVER TO MAR May -68 (May) Rail Jun -69 (Jul) Truck Jul -68 (Jul) CASH GRAIN PRICES AS REPORTED BY THE U.S.D.A. FROM THE FLOOR OF THE MINNEAPOLIS GRAIN EXCHANGE CASH GRAIN PRICES FOR CORN, OATS AND SOYBEANS ARE CALCULATED FROM C.B.O.T. SETTLEMENTS AT THE TIME OF OFFICIAL CLOSING. DULUTH CASH MARKETS WILL BE QUOTED AS DETERMINED IF YOU HAVE ANY QUESTIONS, PLEASE CALL THE MGEX AT (612)

3 Thursday, December 27, :30:07 PM Closing Sheets - MWE Product Prev_Settle Open High Low Close Range Settle Change MWEH MWEK MWEN A MWEU B MWEZ B MWEH B A MWEK unch MWEN0 MWEU0 MWEZ0

4 Thursday, December 27, :30:28 PM Closing Sheets - Indexes Product Prev. Settle Open High Low Settle Change ICZ unch ICF unch IHZ unch IHF unch IPZ IPF ISZ unch ISF unch IWZ unch IWF unch

5 Thursday, December 27, :30:43 PM Closing Sheets - Options Product Prev. Settle Open Open(OO) High High(OO) Low Low(OO) Settle Change OMWH9 C OMWH9 C OMWH9 C B 8.000A OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C B 0.625A OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 C OMWH9 P OMWH9 P OMWH9 P OMWH9 P OMWH9 P OMWH9 P B A OMWH9 P OMWH9 P OMWH9 P OMWH9 P OMWH9 P OMWH9 P OMWH9 P OMWH9 P OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 C OMWK9 P OMWK9 P OMWK9 P OMWK9 P OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C B A OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C

6 OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 C OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWN9 P OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 C OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P

7 OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWU9 P OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C OMWZ9 C

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