Weekly National Grain Market Review

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SJ_GR851    
St. Joseph, MO    Fri Nov 16, 2012    USDA-MO Dept of Ag Market News
    
WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain and soybean bids closed moderate to sharply 
lower.  The grains opened Monday in a negative tone following a bearish USDA 
report last Friday.  Additional pressure for corn and soybeans came from 
favorable weather in South America, along with economy worries and uncertainties 
compelling the markets.  The stock market was lower with crude oil having sharp 
losses and precious metals also lower.  However, some positive news from 
overnight export announcement and bullish NOPA crush numbers limit the losses 
for soybeans.  NOPA crush came in well above estimates at 153.54 million bushels 
as compared to 119.73 in September.  Wheat also saw some support from lower 
winter wheat crop ratings which came in at 36 percent good to excellent, down 3 
percent from last week.  Wheat was 45-50 cents lower.  Corn was mostly 16-22 
cents lower.  Sorghum was mostly 36 cents lower.  Soybeans were 83-92 cents 
lower.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 45 
1/2 to 50 1/2 cents lower from 9.36 1/2-9.81 1/2 per bushel.  Kansas City US No 
2 Soft Red winter rail bid no quote per bushel.  St. Louis truck US No 2 Soft 
Red Winter terminal bid was 50 cent lower at 8.41 per bushel.  Minneapolis and 
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was at 
10.05 1/4 per bushel.  Portland US Soft White wheat rail was not available per 
bushel. 
  
   CORN:  Kansas City US No 2 rail White Corn was 16 to 17 cents lower from 
8.36-8.43 per bushel.  Kansas City US No 2 truck Yellow Corn was 17 cents lower 
at 7.56 per bushel.  Omaha US No 2 truck Yellow Corn was 18 to 20 cents lower 
from 7.40-7.46 per bushel.  Chicago US No 2 Yellow Corn was 20 to 22 cents lower 
from 7.09 1/4-7.36 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 20 cents 
lower from 7.24 1/4-7.28 1/4 per bushel.  Minneapolis US No 2 Yellow corn rail 
was 8 cents lower at 6.95 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 
day was 3/4 cent higher from 3.69 1/2-3.89 1/2 per bushel.  US No 3 or better 
rail malting Barley, 70 percent or better plump out of Minneapolis was 5 cents 
lower at 7.20 per bushel.  Portland US 2 Barley, unit trains and Barges-export 
was not available per cwt.
  
   SORGHUM:  US No 2 yellow truck, Kansas City was 36 cents lower at 12.52 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 2 cents higher to 36 cents lower from 12.61-12.88 per 
cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 83 3/4 cents lower at 13.89 
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 90 3/4 to 92 
3/4 cents lower from 14.17-14.22 3/4 per bushel.  Kansas City US No 2 Yellow 
truck soybeans were 91 cents lower at 14.20 per bushel.  Central Illinois 48 
percent Soybean meal, processor rail bid was 31.40 to 32.40 lower from 445.50-
455.50 per ton.  Central Illinois Crude Soybean oil processor bid was 131 to 181 
points lower from 44.46-45.71 cents per pound.

SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO
         Baldemar Ortiz, Market Reporter (816)238-0678
         www.ams.usda.gov/mnreports/SJ_GR851.txt
  
         For more Grain Market News:
         www.ams.usda.gov/lsg/mncs/ls_grain.htm
  
0815     bro





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