St. Joseph, MO Fri Sep 19, 2014 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grains and soybean bids were mostly lower. Grain bids
were under pressure most of the week as the markets are anticipating an increase
in corn and soybean bushels as the attention turns a record crop that is ahead
as harvest is beginning. Earlier in the week a cold front moved across the mid-
section of the country, heavy rains last week fell in the northern parts of the
corn-belt left 5-10 inches on the ground leaving fields soaked. Corn had weekly
export sales totaling 26.0 mb for the 2014-2015 marketing year. Soybeans had
weekly export sales of 54.0 mb with 53.9 mb for the 2014-2015 marketing year.
Wheat had export sales of 11.6 mb for the 2014-2015 marketing year. Wheat
closed 6-48 cents lower for the week. Corn traded mostly 3-15 cents lower with
sorghum 5-13 cents lower. Soybeans closed 10 to 2.60 lower depending on basis
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 6
1/2-16 1/2 cents lower from 6.89 3/4-7.14 3/4 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 48 cents lower at 3.93 per bushel. Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 77
1/2 to 4.17 1/4 lower from 7.65 1/4-9.75 1/4 per bushel. Portland US Soft White
wheat rail was 1-10 cents lower from 6.58 1/2-6.90 per bushel.
CORN: Kansas City US No 2 rail White Corn was 2 cents higher to 2 cents
lower from 3.38-3.42 per bushel. Kansas City US No 2 truck Yellow Corn was 7
3/4-12 3/4 cents lower from 3.18 1/4-3.23 1/4 per bushel. Omaha US No 2 truck
Yellow Corn was 3-15 cents lower from 3.18-3.38 per bushel. Chicago US No 2
Yellow Corn was 11 3/4-12 3/4 cents lower from 3.12 1/4-3.63 1/4 per bushel.
Toledo US No 2 rail Yellow corn was 2 3/4-5 3/4 cents lower from 3.27 1/4-3.32
1/4 per bushel. Minneapolis US No 2 Yellow corn rail was 26 3/4 cents lower at
2.92 1/4 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 5 1/2-11 1/2 cents lower from 3.72 1/4-3.92 1/4 per bushel. US No 3
or better rail malting Barley, 70 percent or better plump out of Minneapolis was
15 cents higher at 6.35 per bushel. Portland US 2 Barley, unit trains and
Barges-export was not available.
SORGHUM: US No 2 yellow truck, Kansas City was 5 cents lower at 5.33 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 5 to 13 cents lower from 5.77-5.95 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were 10 cents lower at 9.40
1/2 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 65 cents
higher to 10 cents lower from 11.21 1/2-12.21 1/2 per bushel. Kansas City US No
2 Yellow truck soybeans were 2.60 lower at 9.21 1/2 per bushel. Illinois 48
percent Soybean meal, processor rail bid was 3.0 higher to 45.00 lower from
528.80-587.80 per ton. Central Illinois Crude Soybean oil processor bid was 122
points higher from 33.72-35.22 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Greg Harrison, Market Reporter (816)676-7000
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