SJ_GR851
St. Joseph, MO Fri Jan 11, 2013 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids traded mixed as traders wait
for Friday’s USDA reports to be released later in the morning. Soybeans had
sharp gains early on helping to rally corn and wheat higher. However, wheat saw
some pressure as the Plains and Midwest saw moisture. Soybeans saw some
declines as basis at the gulf were lower due to weak demand. The wheat export
sales report was bearish coming in at 233,700 tonnes for the current marketing
year. Corn export sales were also bearish netting only 12,600 tonnes for the
current marketing year with a cancellation of 11,600 for the next year for a
total of 1,000 tonnes. Soybeans were reported slightly below expectations
coming in at 321,800 tonnes for the current marketing year and 85,000 for the
next year for a total of 406,800. Net meal sales came in at 118,200 tonnes for
the current marketing year. Oil sales came in at 10,900 tonnes. Wheat was 20
cents lower to 5 cents higher. Yellow Corn was mostly 8-16 cents higher.
Sorghum was 9 cents lower to 27 cents higher. Soybeans were 4 cents lower to 3
cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 4
3/4 lower to 3 1/4 cents higher from 8.61 1/2-9.14 1/2 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 4 cent lower at 7.57 per bushel. Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
7 1/4 to 20 1/4 cents lower at 9.14 1/4-9.29 1/4 per bushel. Portland US Soft
White wheat rail was 1 cent lower to 5 cents higher from 9.29 1/2-8.45 per
bushel.
CORN: Kansas City US No 2 rail White Corn was 10 to 16 cents lower from
7.63-7.75 per bushel. Kansas City US No 2 truck Yellow Corn was 16 to 21 cents
higher at 7.37 per bushel. Omaha US No 2 truck Yellow Corn was 10 cents higher
at 7.27 per bushel. Chicago US No 2 Yellow Corn was 8 1/2 to 9 1/2 cents higher
from 7.14 3/4-7.16 3/4 per bushel. Toledo US No 2 rail Yellow corn was 13 1/2
to 14 1/2 cents higher from 7.08 3/4-7.12 3/4 per bushel. Minneapolis US No 2
Yellow corn rail was 14 1/2 cents higher at 6.78 3/4 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 21 3/4 cents higher from 3.64 1/2-3.84 1/2 per bushel. US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was 5
cents lower at 7.10 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 27 cents higher at 12.48 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 9 cents lower to 10 cents higher from 11.77-12.48 per
cwt.
OILSEEDS: Minneapolis Yellow truck soybeans was at 13.79 3/4 per bushel.
Illinois Processors US No 1 Yellow truck soybeans were 4 3/4 cents lower to 3
1/4 cents higher from 14.14 3/4-14.19 3/4 per bushel. Kansas City US No 2
Yellow truck soybeans were 7 cents lower at 14.20 per bushel. Central Illinois
48 percent Soybean meal, processor rail bid was steady from 420.60-424.60 per
ton. Central Illinois Crude Soybean oil processor bid was 36 to 46 points lower
from 47.25-48.00 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Baldemar Ortiz, Market Reporter (816)238-0678
www.ams.usda.gov/mnreports/SJ_GR851.txt
For more Grain Market News:
www.ams.usda.gov/lsg/mncs/ls_grain.htm
0815 bro
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Weekly National Grain Market Review
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