Weekly National Grain Market Review

St. Joseph, MO Fri Jan 12, 2018 USDA-MO Dept of Ag Market News


Compared to last week, cash bids for wheat and corn were mixed, soybeans and
sorghum were lower. This week, trading may have been focused on getting final
positions set ahead of the next round of WASDE reports set to be released this
afternon Friday. The soy complex fell under bearish pressure this week from slow
export pace, a weaker soybean meal market, as well as beneficial weather in South
America. USDA said last week's export sales and shipments of corn totaled 17.2
million bushels and 35.0 mb, export sales and shipments of soybeans totaled 22.3 mb
and 56.8 mb, and export sales and shipments of wheat totaled 2.6 mb and 10.6 mb. All
export figures could be viewed as bearish, and total shipments remain lower than a
year ago. Wheat was mixed from 8 3/4 cents lower to 50 1/2 cents higher. Corn was
mixed from 6 cents lower to 2 cents higher. Sorghum was 4 cents lower. Soybeans
were 15 3/4 to 24 3/4 cents lower.

WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1 1/2
to 50 1/2 cents higher from 5.25 1/4-6.35 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 1 cent lower from 4.33-4.45 per bushel. Minneapolis and Duluth US No 1 Dark
Northern Spring, 14.0 to 14.5 percent protein rail, was 3 3/4 to 8 3/4 cents lower
from 7.49-7.54 per bushel. Portland US Soft White wheat rail was 2 to 3 1/4 cents
higher from 5.27-5.33 1/4 per bushel.

CORN: Kansas City US No 2 rail White Corn was 4 1/2 to 6 cents lower from 3.40
3/4-3.42 1/2 per bushel. Kansas City US No 2 truck Yellow Corn was 3/4 cent higher
at 3.36 3/4 per bushel. Omaha US No 2 Yellow Corn was 1 to 2 cents higher from 3.27-
3.33 per bushel. Chicago US No 2 Yellow Corn was 2 1/4 cents lower from 3.13 3/4-
3.28 3/4 per bushel. Toledo US No 2 rail Yellow corn was 2 1/4 cents lower from 3.38
3/4-3.45 3/4 per bushel. Minneapolis US No 2 Yellow corn rail was not quoted.

OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 4 3/4 cents higher from 2.65 1/2-3.00 1/2 per bushel. US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was steady at 4.85 per
bushel. Portland US 2 Barley, unit trains and Barges-export was not quoted.

SORGHUM: US No 2 yellow truck, Kansas City was 4 cents lower at 6.05 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 4 cents lower from 6.04-6.14 per cwt.

OILSEEDS: Minneapolis Yellow truck soybeans were not quoted. Illinois Processors
US No 1 Yellow truck soybeans were 15 3/4 to 17 3/4 cents lower from 9.32-9.42 per
bushel. Kansas City US No 2 Yellow truck soybeans were 19 3/4 to 24 3/4 cents lower
from 9.05-9.10 per bushel. Illinois 48 percent soybean meal, processor rail bid was
5.70 to 6.70 lower from 303.10-315.10 per bushel. Central Illinois Crude Soybean oil
processor bid was 0.72 to 0.72 points lower from 31.30-32.15 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Joe Toeniskoetter, Market Reporter 816-676-7000 StJoe.LGMN@ams.usda.gov
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