St. Joseph, MO Fri Oct 25, 2013 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids were higher with corn trading
mixed. Soybeans were the leader this week on good buying interest and solid
export demand. Corn saw spillover support from soybeans and good ethanol
demand. However, favorable harvest weather outlook pressured the market.
Harvest is progressing well but at a slower pace than the 5 year average. Crop
progress report showed soybeans 63 percent complete with the 5 year average at
69 percent. Corn showed 39 percent complete compared to the 5 year average of
53 percent. These numbers are below the 5 year average. Weekly export sales
for corn came in at 1.341 million tonnes. Weekly export sales for soybeans came
in at a total of 947,800 tonnes. Meal sales were reported at 850,100 tonnes and
oil sales at 27,500 tonnes. Export sales for wheat came in at 653,600 tonnes.
Wheat was mostly 5-30 cents higher. Corn was 13 cents lower to 9 cents higher.
Sorghum was 4 cents higher. Soybeans were 14-41 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 24
1/4 to 30 1/4 cents higher from 8.59 1/4-8.94 1/4 per bushel. Kansas City US No
2 Soft Red winter rail bid was not quoted. St. Louis truck US No 2 Soft Red
Winter terminal bid was 13 cents higher at 7.09 per bushel. Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 7 to
62 cents higher from 8.47-9.02 per bushel. Portland US Soft White wheat rail
was 1/2 cent to 5 1/2 cents higher from 7.29 1/2-7.36 1/2 per bushel.
CORN: Kansas City US No 2 rail White Corn was 2 to 3 cents higher from 4.79-
4.85 per bushel. Kansas City US No 2 truck Yellow Corn was 2 3/4 cents lower to
2 1/4 cents higher at 4.35 1/4 per bushel. Omaha US No 2 truck Yellow Corn was
9 to 13 cents lower from 4.30-4.35 per bushel. Chicago US No 2 Yellow Corn was
9 3/4 cents lower to 9 1/4 cents higher from 4.25 1/4-4.43 1/4 per bushel.
Toledo US No 2 rail Yellow corn was 2 3/4 cents lower from 4.13 1/4-4.15 1/4 per
bushel. Minneapolis US No 2 Yellow corn rail was 9 3/4 cents lower at 4.20 1/4
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 12 1/2 cents higher from 3.44 1/4-3.79 1/4 per bushel. US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was
steady at 5.50 per bushel. Portland US 2 Barley, unit trains and Barges-export
was not available.
SORGHUM: US No 2 yellow truck, Kansas City was4 cents higher at 7.59 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 4 cents higher from 7.24-7.50 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were 14 1/2 cents higher at
12.92 3/4 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 40
to 41 cents higher from 13.12 3/4-13.23 3/4 per bushel. Kansas City US No 2
Yellow truck soybeans were 26 1/2 cents higher at 12.99 3/4 per bushel. Central
Illinois 48 percent Soybean meal, processor rail bid was 21.10 to 28.10 higher
from 453.00-461.00 per ton. Central Illinois Crude Soybean oil processor bid
was 95 points lower to 5 points higher from 39.88-40.38 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