St. Joseph, MO Fri Dec 28, 2012 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, Wheat and corn traded mostly lower with soybeans
closing with modest gains. Wheat was pressured by the rain and snow that moved
into the Plains and Midwest, along with the lower grains. Corn continues to see
slow export demand and weak ethanol data. Soybeans saw some strength on
positive demand. Buying support for grains have not seen consistent buying
interest the last couple of weeks as we go through the Holiday season. Weekly
export sales are delayed this week due to the Holiday week, but will be more
than a week old upon release which should limit impact on Friday. Wheat was
mostly 15-20 cents lower. Corn was mostly 5-10 cents lower. Sorghum was 9-17
cents lower. Soybeans were 10 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 20
1/2 cents lower from 8.68 1/4-9.18 1/4 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 19 cents lower at 7.62 per bushel. Minneapolis and Duluth US
No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 9 to 14 cents
lower at 9.44 3/4 to 9.49 3/4 per bushel. Portland US Soft White wheat rail was
3 1/4 cents lower to 2 1/4 cents higher from 8.37 1/4-8.47 1/4 per bushel.
CORN: Kansas City US No 2 rail White Corn was 6 to 17 cents lower from
7.86-7.96 per bushel. Kansas City US No 2 truck Yellow Corn was 5-10 cents
lower from 7.19-7.24 per bushel. Omaha US No 2 truck Yellow Corn was 5 cents
lower from 7.18-7.19 per bushel. Chicago US No 2 Yellow Corn was unchanged to 5
cents higher from 7.01 1/2-7.06 1/2 per bushel. Toledo US No 2 rail Yellow corn
was 5 cents lower from 6.93 1/2-6.96 1/2 per bushel. Minneapolis US No 2 Yellow
corn rail was unchanged at 6.65 1/2 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 6 3/4 cents lower from 3.58-3.78 per bushel. US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was 5 cents higher
at 7.20 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 9 cents lower at 12.27 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 9-17 cents lower from 11.64-12.26 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans no bid. Illinois Processors US
No 1 Yellow truck soybeans were 10 cents higher from 14.33 3/4-14.43 3/4 per
bushel. Kansas City US No 2 Yellow truck soybeans were 10 cents higher at 14.59
per bushel. Central Illinois 48 percent Soybean meal, processor rail bid was
3.10 to 4.10 higher from 444.80-449.80 per ton. Central Illinois Crude Soybean
oil processor bid was 38 points higher from 45.79-46.29 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Greg Harrison, Market Reporter (816)238-0678
For more Grain Market News:
Weekly National Grain Market Review