Weekly National Grain Market Review

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


   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 

   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 

   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
         For more Grain Market News:
0848     bro


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