Grains
Grains Inspected For Export
WA_GR101
Washington, DC Mon Jun 17, 2013 USDA Market News
*CORRECTIONS AT BOTTOM OF REPORT ARE INCLUDED IN CURRENT MARKET YEAR TO DATE*
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING JUN 13, 2013
- 1,000
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Mississippi Daily Grain Report
JK_GR110
Jackson, Ms Friday, June 14, 2013 USDA-MS Market News
Mississippi Daily Grain Report. Grain prices at Country Elevators.
Bid price as of 2:00 p.m. (Price per bushel): Trends compared to previous day
close (Old Crop): Soybeans up 12, Wheat dn 5, Sorghum up 11, Corn up 11.
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Forecast 2013/14 corn price raised this month
The projected 2013-2014 season average farm price for corn is raised $0.10 at both ends of the range to $4.40 to $5.20 per bushel, with a resulting midpoint of $4.80 per bushel.
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World corn trade projected higher for 2013/14
Global corn trade in 2013/14 (October-September) is projected to reach 102.4 million tons, up 0.6 million from the previous forecast and nearly as large as record corn trade in 2011/12.
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Corn supply and use forecast lower this month for 2013-2014
U.S. corn supply projections for 2013-2014 are lowered 125 million bushels this month. With acreage unchanged, the 1.5 bushel-per-acre decline in yield results in forecast production of 14.0 billion bushels and total supply of 14.8 billion.
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Utah Grain Bids
Salt Lake City, Utah June 14, 2013 USDA - Ut Dept of Ag Market News
Ogden Utah Grain Bids (Truck Load Delivered to Elevator)
Prices in dollars per bushel or dollars per hundredweight
**** All prices are indications not bids ****
#1 Hard Red Winter Wheat
10
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2012/13 ending wheat stocks up with reduced exports
Domestic use of wheat for 2012/13 is projected at 1,381 million bushels, unchanged from May but 199 million bushels higher than 2011/12. Food use for 2011/12 is projected at 945 million bushels, unchanged from May, but up 4 million bushels from 2011/12. Projected seed use is unchanged from May. Feed and residual use is projected at 360 million bushels, unchanged from May. As projected, feed and residual use would be up 196 million bushels from 2011/12.
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World wheat trade for 2012/13 increased
World wheat trade for the international year 2012/13 is estimated to reach 145.3 million tons, up 1.6 million, the second highest after a record of 153.8 million tons in 2011/12. As the end of the July-June world trade year approaches, the pace of sales and shipments motivates a number of adjustments.
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International wheat global production prospects
World wheat production in 2013/14 is projected to reach 695.9 million tons, down 5.2 million this month, while foreign production is down 5.9 million to 639.2 million. Wheat production is projected down for Russia, Ukraine, the EU-27,and Tunisia.
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Forecast corn yield lowered as wet weather delays planting
According to the USDA, National Agricultural Statistics Service (NASS) June 10 Crop Progress report, as of June 9, 95 percent of the corn crop had been planted, compared with 100 percent at the same point last season and 98 percent for the 2008-12 average.
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Ending wheat stocks for 2013/14 projected down from may
Ending stocks of wheat for 2013/14 are projected to be down 11 million bushels from May as total use increases more than total supplies. Total wheat supplies for 2013/14 are projected up 39 million bushels because of higher production and carryin stocks. Total projected use is up 50 bushels from May because of higher exports.
Total production is projected at 2,080 million bushels, up 23 million bushels from May.
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