Weekly National Grain Market Review
St. Joseph, MO Fri Dec 07, 2012 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain bids were slightly lower with soybeans trading
with double digit gains. Soybeans saw gains all week on renewed buying interest
and good export demand. Corn saw slight losses on slow export demand with
outside markets not very supportive. Wheat saw declines as demand was slow but
long term support may come from dry conditions in the southern plains. However,
spillover support from soybeans helped to limit the losses in the corn and wheat
trading floor. Corn Weekly exports were well below expectations coming in at
47,400 tonnes. Export sales for soybeans were very good coming in at a total of
1,143,700 tonnes. Wheat export sales came in at 353,100 tonnes. Wheat was
mostly 7-29 cents lower. Yellow Corn was mostly 2-10 cents lower. Sorghum was
7 cents lower to 1 cent higher. Soybeans were 45-48 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 23
to 29 cents lower from 9.45-10.07 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 7 cents lower at 8.52 per bushel. Minneapolis and Duluth US No
1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 16 to 26 cents
lower at 10.15 1/4 per bushel. Portland US Soft White wheat rail was 8 ½ cents
lower to 2 cents higher from 8.82-8.87 per bushel.
CORN: Kansas City US No 2 rail White Corn was steady to 6 cents higher from
8.37-8.54 per bushel. Kansas City US No 2 truck Yellow Corn was 5 to 10 cents
lower from 7.77-7.82 per bushel. Omaha US No 2 truck Yellow Corn was 3 cents
lower from 7.76-7.77 per bushel. Chicago US No 2 Yellow Corn was 7 cents lower
to 8 cents higher from 7.49 1/2-7.56 1/2 per bushel. Toledo US No 2 rail Yellow
corn was 2 to 5 cents lower from 7.52 1/2-7.53 1/2 per bushel. Minneapolis US
No 2 Yellow corn rail was 3 cents lower at 7.20 1/2 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 19 1/2 cents higher from 4.13-4.23 per bushel. US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was steady at 7.25
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 steady at 13.25 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 7 cents lower to 1 cent higher from 13.16-13.35 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans no bid. Illinois Processors US
No 1 Yellow truck soybeans were 45 1/4 to 48 1/4 cents higher from 15.00 1/4-
15.13 1/4 per bushel. Kansas City US No 2 Yellow truck soybeans were 46 cents
higher at 15.14 per bushel. Central Illinois 48 percent Soybean meal, processor
rail bid was 8.80 to 10.80 higher from 468.50-476.50 per ton. Central Illinois
Crude Soybean oil processor bid was 110 points higher from 47.87-48.62 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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