Weekly National Grain Market Review
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
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
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Baldemar Ortiz, Market Reporter (816)238-0678
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