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USDA Weekly Grain Report

SJ_GR851
St. Joseph, MO    Fri Jan 19, 2018   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, cash bids for wheat were lower, corn, soybeans and sorghum
traded higher.  This week, corn prices hit a new five month high and soybeans reached
their highest price this month.  Gains fueled by a higher soybean meal market as well
as weather concerns for South America.  USDA's export sales and shipments report is
delyaed this week due to the Monday holiday and is set to be released this morning.
Wheat was mixed from 3/4 to 7 cents lower.  Corn was 1 3/4 to 7 3/4 cents higher.
Sorghum was 5 to 6 cents higher.  Soybeans were 23 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 3/4 to
8 3/4 cents lower from 5.24 1/2-6.26 1/2 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 8 to 10 cents lower from 4.25-4.35 per bushel.  Minneapolis and Duluth US No 1
Dark Northern Spring, 14.0 to 14.5 percent protein rail, was not quoted.  Portland US
Soft White wheat rail was 1 1/4 to 7 cent lower from 5.20-5.32 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 1 3/4 cents higher at 3.38 1/2 per bushel.  Omaha US No 2
Yellow Corn was 4 to 5 cents higher from 3.32-3.37 per bushel.  Chicago US No 2
Yellow Corn was 2 3/4 to 4 3/4 cents higher from 3.16 1/2-3.33 1/2 per bushel.
Toledo US No 2 rail Yellow corn was 2 3/4 to 7 3/4 cents higher from 3.46 1/2-3.48
1/2 per bushel.  Minneapolis US No 2 Yellow corn rail was not quoted.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 9 1/4 to 14 1/4 cents higher from 2.74 3/4-3.14 3/4 per bushel.  US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was steady
at 4.85 per bushel.  Portland US 2 Barley, unit trains and Barges-export was not
quoted.

   SORGHUM:  US No 2 yellow truck, Kansas City was 5 cents higher at 6.1 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 6 cents higher from 6.10-6.20 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were not quoted.  Illinois Processors
US No 1 Yellow truck soybeans were 23 cents higher from 9.55-9.65 per bushel.  Kansas
City US No 2 Yellow truck soybeans were 23 cents higher from 9.28-9.33 per bushel.
Illinois 48 percent soybean meal, processor rail bid was 10.30 to 15.30 higher from
318.40-325.40 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.92
to 0.92 points lower from 30.38-31.23 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Joe Toeniskoetter, Market Reporter 816-676-7000  StJoe.LGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/SJ_GR851.txt
        For more Grain Market News:
        https://www.ams.usda.gov/market-news/livestock-poultry-grain

    757C   jt