Weekly National Grain Market Review

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St. Joseph, MO    Thu July 03, 2014 USDA-MO Dept of Ag Market News


   Compared to last week, grain bids closed this Holiday shortened week lower.  
Corn and soybeans closed lower due to favorable growing weather as july is 
starting off with cool and wet conditions for most of the Midwest.  Corn crop 
conditions are rated 75 percent good to excellent while soybeans are rated 72 
percent good to excellent.  Wheat harvest delays due to rain have pressured 
wheat prices.  Wheat was mostly 1-11 cents lower with Minneapolis 51 cents to 
1.01 lower.  Corn was 7-14 cents lower.  Sorghum was 13-16 cents lower.  
Soybeans were 16-19 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12 
1/2 to 22 1/2 cents lower from 8.07 1/4-8.27 1/4 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 not available.  Minneapolis and Duluth US No 1 Dark 
Northern Spring, 14.0 to 14.5 percent protein rail, was 29 1/4  lower to 20 3/4 
cents higher from 8.97 1/2-9.47 1/2 per bushel.  Portland US Soft White wheat 
rail was 7 3/4 to 24 1/4 cents lower from 6.48-7.09 1/2 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 27-30 cents lower from 4.09-
4.14 per bushel.  Kansas City US No 2 truck Yellow Corn was 24 1/2-26 1/2 cents 
lower at 4.23 1/2 per bushel.  Omaha US No 2 truck Yellow Corn was 32 cents 
lower from 4.04-4.05 per bushel.  Chicago US No 2 Yellow Corn was 30 1/4-33 1/4 
cents lower from 3.97 1/2-4.24 1/2 per bushel.  Toledo US No 2 rail Yellow corn 
was 32 1/4 cents lower from 3.96 1/2-3.99 1/2 per bushel.  Minneapolis US No 2 
Yellow corn rail was 31 1/4 cents lower at 3.89 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 
day was 15-25 cents higher at 4.01 1/4 per bushel.  US No 3 or better rail 
malting Barley, 70 percent or better plump out of Minneapolis was 10 cents 
higher at 5.70 per bushel.  Portland US 2 Barley, unit trains and Barges-
export was not available.  

   SORGHUM:  US No 2 yellow truck, Kansas City was 60 cents lower at 7.31 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) were unavailable.  

   OILSEEDS:  Minneapolis Yellow truck soybeans were 68 1/4 cents lower at 
13.45 3/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 
72-77 cents lower from 13.79 3/4-14.19 3/4 per bushel.  Kansas City US No 2 
Yellow truck soybeans were 82 cents lower at 13.84 3/4 per bushel.  Central 
Illinois 48 percent Soybean meal, processor rail bid was 15.50-18.50 lower from 
481.00-482.00 per ton.  Central Illinois Crude Soybean oil processor bid was 195 
points lower from 38.81-39.06 cents per pound.

SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO
         Greg Harrison, Market Reporter (816)676-7000
         For more Grain Market News:
0815     glh


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