Weekly National Grain Market Review

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

SJ_GR851    
St. Joseph, MO    Fri Apr 18, 2014   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, wheat and soybean bids were higher, while corn and 
sorghum traded lower ahead of the holiday weekend.  Wheat was higher on concerns 
of cold temperatures in the Southern Plains that could damage winter wheat, 
along with dry conditions.  Temperatures dropped in the low 20’s raising 
concerns as the crop is already suffering from drought conditions.  Soybeans 
found support from a positive NOPA crush report which was much higher than 
expected at 153.8 mb for the month of March.   Corn saw gains early on spillover 
support from wheat and plantings behind schedule.  Late pressure was noted due 
to the lower soybeans.  The first progress planting report showed 3 percent 
planted, mostly in the south.  The harsh winter, recent cold temperatures, and 
rain have led to a late planting season.  Wheat was 16-53 cents higher.  Corn 
was 1-6 cents lower.  Sorghum was 11 cents lower.  Soybeans were 31-36 cents 
higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 53 
1/2 cents higher from 8.96-9.06 per bushel.  Kansas City US No 2 Soft Red winter 
rail bid was not quoted.  St. Louis truck US No 2 Soft Red Winter terminal bid 
was 17 to 30 cents higher from 6.99-7.18 per bushel.  Minneapolis and Duluth US 
No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 31 3/4 to 36 
3/4 cents higher from 8.72 3/4-8.92 3/4 per bushel.  Portland US Soft White 
wheat rail was 16 1/4 to 29 cents higher from 7.61 1/4-7.76 1/4 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 2 to 3 cents lower from 4.88-
4.96 per bushel.  Kansas City US No 2 truck Yellow Corn was 5 1/2 to 6 1/2 cents 
lower from 4.87 3/4-4.90 3/4 per bushel.  Omaha US No 2 truck Yellow Corn was 1 
to 2 cents lower from 4.83-4.87 per bushel.  Chicago US No 2 Yellow Corn was 4 ½ 
to 5 1/2 cents lower from 4.78 3/4-4.98 3/4 per bushel.  Toledo US No 2 rail 
Yellow corn was 6 1/2 cents lower from 4.73 3/4-4.77 3/4 per bushel.  
Minneapolis US No 2 Yellow corn rail was 6 1/2 cents lower at 4.63 3/4 per 
bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 
day was 6 cents lower to 24 cents higher from 4.44-4.69 per bushel.  US No 3 or 
better rail malting Barley, 70 percent or better plump out of Minneapolis was 90 
cents higher at 6.90 per bushel.  Portland US 2 Barley, unit trains and Barges-
export was not available.  

   SORGHUM:  US No 2 yellow truck, Kansas City was 11 cents lower at 8.75 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 11 cents lower from 8.57-8.65 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 36 3/4 cents higher at 
14.90 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 31 3/4 
to 34 3/4 cents higher from 15.24-15.54 per bushel.  Kansas City US No 2 Yellow 
truck soybeans were 31 3/4 cents higher at 15.41 per bushel.  Central Illinois 
48 percent Soybean meal, processor rail bid was 1.20 to 11.80 cents higher from 
516.30-519.30 per ton.  Central Illinois Crude Soybean oil processor bid was 116 
points higher from 42.91-43.41 cents per pound.

SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO
         Baldemar Ortiz, Market Reporter (816)676-7000
         www.ams.usda.gov/mnreports/SJ_GR851.txt
  
         For more Grain Market News:
         www.ams.usda.gov/lsg/mncs/ls_grain.htm
  
0848     bro





.

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Related Articles

No matching related articles at this time.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Blend and Bulk Tower Systems

Waconia Towers provide speed, efficiency and reliability that only gravity-fed systems can offer. Towers are available with up to 300 ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form