St. Joseph, MO Fri Feb 08, 2013 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, corn and wheat lost ground while soybeans maintained
and upward trend. Grain trade this week seemed to position itself for Friday’s
USDA Supply and Demand Report with trade watching for small demand changes and
South American production changes. South America’s weather remains a concern
with its recent pattern of dry in the south, wet in the north which may cut into
production. Corn traded with double-digit losses on Thursday as outside markets
were negative and sharp gains in the U.S. dollar. Export sales were once again
disappointing with only 168.900 mt (6.6 mb), and 8500 mt cancelled for a total
of 160.400 mt (6.3 mb). Soybeans had very good export sales this week totaling
1.667,200 mt (61.3 mb) with 896,200 mt (32.9 mb) for current marketing year.
Wheat had wek export sales totaling 300,800 mt (11.1 mb) with 290,800 mt (10.7
mb) for current marketing year. Wheat closed 10-31 cents lower for the week.
Corn traded 23-30 cents lower. Sorghum closed 53-65 cents lower. Soybeans
traded 15-19 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 25
3/4 to 31 3/4 cents lower from 8.71-9.17 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 9 cents lower at 7.96 per bushel. Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 10
3/4 to 20 3/4 cents lower from 9.39 1/4-9.54 1/4 per bushel. Portland US Soft
White wheat rail was 18 1/2-23 cents lower from 8.47-8.71 per bushel.
CORN: Kansas City US No 2 rail White Corn was 33 to 35 cents lower from
7.86-7.95 per bushel. Kansas City US No 2 truck Yellow Corn was 28 cents lower
at 7.51 per bushel. Omaha US No 2 truck Yellow Corn was 30 cents lower from
7.34-7.39 per bushel. Chicago US No 2 Yellow Corn was 30 3/4 cents lower from
7.24 3/4-7.30 3/4 per bushel. Toledo US No 2 rail Yellow corn was 23 1/2-29 3/4
cents lower from 7.26 3/4-7.36 per bushel. Minneapolis US No 2 Yellow corn
rail was 27 3/4 cents lower at 6.98 3/4 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 21 1/2 cents higher from 4.06 1/2-4.13 1/2 per bushel. US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was
unchanged at 7.05 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 53 cents lower at 12.70 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 53 to 65 cents lower from 12.28-12.60 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans no bid per bushel. Illinois
Processors US No 1 Yellow truck soybeans were 18 1/4 to 19 1/4 cents higher from
15.12 3/4-15.26 3/4 per bushel. Kansas City US No 2 Yellow truck soybeans were
5 cents higher at 15.22 per bushel. Central Illinois 48 percent Soybean meal,
processor rail bid was 9.20 to 11.20 higher from 452.60-455.60 per ton. Central
Illinois Crude Soybean oil processor bid was 101 points lower from 49.35-50.10
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