St. Joseph, MO Fri Dec 20, 2013 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids traded mixed. Corn was
pressured by concerns of the GMO situation with China. However, the market saw
some support from good export sales. Soybeans saw a boost from on-going demand
and dry conditions in parts of South America, along with good export sales. The
N.O.P.A. crush report for November came in at 160.15 million bushels of soybeans
were crushed, which was above the 157 million that were processed in October.
Wheat closed lower as Canada is reporting record wheat crop. Corn had weekly
exports sales of 872,300 tonnes with 827,100 tonnes for 2013-2014 seasons.
Soybeans had export sales of 495,700 tonnes with 415,500 tonnes for 2013-2014
marketing year. Wheat had export sales of 659,100 tonnes with 656,100 tonnes
for 2013-2014 marketing year. Wheat was mostly 23 to 83 cents lower. Corn was
11 cents lower to 1 cent higher. Sorghum was 7 cents lower to 2 cents higher.
Soybeans were 1 cent lower to 3 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 35
1/2 to 55 1/2 cents lower from 7.57 3/4-7.92 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 28 cents lower at 6.35 per bushel. Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 63
3/4 to 83 3/4 cents lower from 8.26 1/4-8.46 1/4 per bushel. Portland US Soft
White wheat rail was 18 to 23 1/4 cents lower from 6.70 3/4-6.95 3/4 per bushel.
CORN: Kansas City US No 2 rail White Corn was 3 cents lower to 1 cent higher
from 4.69-4.76 per bushel. Kansas City US No 2 truck Yellow Corn was 1 3/4
cents lower to 1 1/4 cent higher from 4.28 1/2-4.30 1/2 per bushel. Omaha US No
2 truck Yellow Corn was 5 to 6 cents lower from 4.21-4.23 per bushel. Chicago
US No 2 Yellow Corn was 3 3/4 to 11 3/4 cents lower from 4.05 1/2-4.27 1/2 per
bushel. Toledo US No 2 rail Yellow corn was 2 3/4 cents lower to 1 1/4 cent
higher from 4.12 1/2-4.16 1/2 per bushel. Minneapolis US No 2 Yellow corn rail
was 8 3/4 cents lower at 4.09 1/2 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 3 1/2 cent lower at 3.83 1/4 per bushel. US No 3 or better rail malting
Barley, 70 percent or better plump out of Minneapolis was steady at 5.75 per
bushel. Portland US 2 Barley, unit trains and Barges-export was not available.
SORGHUM: US No 2 yellow truck, Kansas City was 2 cents higher at 7.60 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 6 to 7 cents lower from 7.43-7.68 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were 3 1/4 cents higher at 12.77
per bushel. Illinois Processors US No 1 Yellow truck soybeans were 1 3/4 cent
lower to 3 3/4 cents higher from 13.32-13.42 per bushel. Kansas City US No 2
Yellow truck soybeans were 3/4 cent lower at 13.25 per bushel. Central Illinois
48 percent Soybean meal, processor rail bid was 12.00 higher from 499.10-507.10
per ton. Central Illinois Crude Soybean oil processor bid was 91 to 116 points
lower from 36.83-37.33 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Baldemar Ortiz, Market Reporter (816)238-0678
For more Grain Market News:
Weekly National Grain Market Review
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- For Canadian farmers, South Korea deal a chance to catch up
- Pork industry launches three-prong strategy to combat PEDv
- Beans and hogs reversed recent gains Tuesday night
- Cyclone Connection: Biosecurity is more important than ever
- Getting a grasp on meat labels