St. Joseph, MO Fri Feb 01, 2013 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids traded moderately higher.
Soybeans found support from uncertainty in South American weather as reports of
dryness in some areas and heavy rainfall in others is believed to be pressuring
harvest production. Also strong soybean demand from China is helping to
pressure global supplies. Wheat followed corn higher and persistent dryness in
the Southern Plains helped to boost wheat. Some areas of the Mid-section of the
country saw significant rain, while others saw minimal moisture. The weather
was turbulent, with above normal temperatures in parts of the U.S. early in the
week and lows at zero by the end. Corn weekly export sales came in at a total
of 253,300 tonnes. Soybeans had strong export sales totaling 1.253,000 tonnes.
Wheat export sales were below expectations totaling 387,900 tonnes. Wheat was
mostly 16-29 cents higher. Corn was 16-23 cents higher. Sorghum was 29-34
cents higher. Soybeans were 28-34 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 16
1/4 to 19 1/4 cents higher from 9.02 3/4-9.42 3/4 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 20 cents higher at 8.05 per bushel. Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 9
1/2 to 29 1/2 cents higher from 9.60-9.65 per bushel. Portland US Soft White
wheat rail was 20 to 21 cents higher from 8.70-8.89 1/2 per bushel.
CORN: Kansas City US No 2 rail White Corn was 19 to 22 cents higher from
8.19-8.30 per bushel. Kansas City US No 2 truck Yellow Corn was 17 cents higher
at 7.79 per bushel. Omaha US No 2 truck Yellow Corn was 20 to 22 cents higher
from 7.64-7.69 per bushel. Chicago US No 2 Yellow Corn was 16 1/4 cents higher
from 7.55 1/2-7.61 1/2 per bushel. Toledo US No 2 rail Yellow corn was 19 to 20
cents higher from 7.56 1/2-7.59 1/2 per bushel. Minneapolis US No 2 Yellow corn
rail was 23 1/4 cents higher at 7.23 1/2 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 1 cent lower from 3.85-3.92 per bushel. US No 3 or better rail malting
Barley, 70 percent or better plump out of Minneapolis was 5 cents lower 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 30 cents higher at 13.23 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 29 to 34 cents higher from 12.81-13.25 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans no bid per bushel. Illinois
Processors US No 1 Yellow truck soybeans were 28 1/4 to 33 1/4 cents higher from
14.93 1/2-15.08 1/2 per bushel. Kansas City US No 2 Yellow truck soybeans were
34 cents higher at 15.17 per bushel. Central Illinois 48 percent Soybean meal,
processor rail bid was 11.70 to 12.70 higher from 441.40-446.40 per ton.
Central Illinois Crude Soybean oil processor bid was 75 points higher from
50.36-51.11 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
- DHM Markets/Marketers: CA Class 1 dips
- WASDE: 2014 dairy, beef price projections raised
- Crop markets quite mixed after WASDE report
- USDA raises corn export forecast by 25 million bushels
- D.C. Watch: Apply for disaster assistance by April 15
- IMI Global acquires Merck Animal Health's verification business