Weekly National Grain Market Review

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SJ_GR851    
St. Joseph, MO    Fri Jan 18, 2013    USDA-MO Dept of Ag Market News
    
WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain and soybean bids traded higher as the markets 
got a boost early on from last Friday’s bullish USDA report.  Wheat saw further 
support from dry and cooler weather in the Plains.  Corn also saw spillover 
support from other grains.  However, slow export demand and lower ethanol 
production limit the gains.  Soybeans saw gains from concerns of drier outlook 
for parts of South America and overnight export announcement.  Soybean exports 
were very bullish with a total of 1,608,800 tonnes.  Corn export sales came in 
at 393,300 tonnes.  Wheat weekly exports sales were positive coming in above 
estimates at 536,200 tonnes.  Wheat was mostly 30-40 cents higher.  Yellow Corn 
was 21-28 cents higher.  Sorghum was 37-47 cents higher.  Soybeans were 47-58 
cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 30 
1/2 to 40 1/2 cents higher from 9.02-9.45 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 39 cents higher at 7.96 per bushel.  Minneapolis and 
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 30 
to 33 cents higher from 9.44 1/4-9.59 1/4 per bushel.  Portland US Soft White 
wheat rail was 20 1/2 to 26 1/4 cents higher from 8.50-8.71 1/4 per bushel. 
  
   CORN:  Kansas City US No 2 rail White Corn was 35 to 37 cents higher from 
7.98-8.12 per bushel.  Kansas City US No 2 truck Yellow Corn was 26 cents higher 
at 7.63 per bushel.  Omaha US No 2 truck Yellow Corn was 21 cents higher at 7.48 
per bushel.  Chicago US No 2 Yellow Corn was 25 3/4 to 28 3/4 cents higher from 
7.40 1/2-7.45 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 25 3/4 cents 
higher from 7.34 1/2-7.38 1/2 per bushel.  Minneapolis US No 2 Yellow corn rail 
was 24 3/4 cents higher at 7.03 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 
day was 15 1/2 cents higher from 3.80-4.00 per bushel.  US No 3 or better rail 
malting Barley, 70 percent or better plump out of Minneapolis was 5 cents lower 
at 7.05 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 47 cents higher at 12.95 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 37 to 46 cents higher from 12.23-12.85 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans no bid per bushel.  Illinois 
Processors US No 1 Yellow truck soybeans were 47 1/2 to 55 1/2 cents higher from 
14.62 1/4-14.75 1/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 
58 cents higher at 14.78 per bushel.  Central Illinois 48 percent Soybean meal, 
processor rail bid was 8.40 higher from 429.00-433.00 per ton.  Central Illinois 
Crude Soybean oil processor bid was 174 points higher from 48.99-49.74 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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