St. Joseph, MO Fri Feb 22, 2013 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain bids were lower with soybeans trading higher.
Soybeans saw sharp gains on strong buying interest and overnight export news.
Additional support came from dry weather in key growing areas of South America,
along with fears of Brazilian port strike. A winter storm hammered the Plains
and Midwest dumping heavy snow and ice which pressured wheat as moisture made it
to the dry areas of winter wheat region. Corn bids saw slight declines in
reaction to the lower wheat and bearish ethanol production numbers. Wheat was
2-19 cents lower. Yellow Corn was 4-6 cents lower. Sorghum was 1-7 cents
lower. Soybeans were 67-70 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 19
3/4 cents lower from 8.25 1/4-8.74 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 not available per bushel. Minneapolis and Duluth US No 1 Dark
Northern Spring, 14.0 to 14.5 percent protein rail, was from 9.21 1/2-9.26 1/2
per bushel. Portland US Soft White wheat rail was 2 to 13 1/2 cents lower from
8.48-8.61 1/4 per bushel.
CORN: Kansas City US No 2 rail White Corn was 2 to 4 cents higher from 7.36-
7.48 per bushel. Kansas City US No 2 truck Yellow Corn was 4 cents lower from
7.26-7.31 per bushel. Omaha US No 2 truck Yellow Corn was 4 cents lower from
7.11-7.19 per bushel. Chicago US No 2 Yellow Corn was 4 to 6 cents lower from
7.02 3/4-7.15 3/4 per bushel. Toledo US No 2 rail Yellow corn was 4 cents lower
from 7.06 3/4-7.09 3/4 per bushel. Minneapolis US No 2 Yellow corn rail was 4
cents lower at 6.79 3/4 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 9 1/2 cents higher from 4.14 1/2-4.21 1/2 per bushel. US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was 5 cents
higher 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 7 cents lower at 12.34 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 1 to 5 cents lower from 11.99-12.34 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans no bid per bushel. Illinois
Processors US No 1 Yellow truck soybeans were 67 3/4 to 69 3/4 cents higher from
15.13 1/4-15.25 3/4 per bushel. Kansas City US No 2 Yellow truck soybeans were
70 cents higher at 15.23 per bushel. Central Illinois 48 percent Soybean meal,
processor rail bid was 27.10 28.10 higher from 448.30-452.30 per ton. Central
Illinois Crude Soybean oil processor bid was 29 points lower to 11 points higher
from 48.91-50.06 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