USDA Weekly Grain Report

St. Joseph, MO    Fri Sep 21, 2018   USDA-MO Dept of Ag Market News


   Compared to last week, cash bids for wheat and soybeans were higher, while corn
and sorghum were mixed.  This week's markets have been influenced by international
trade news.  The U.S. and China have both announced more tariffs in the ongoing trade
disputes with each other.  There have also been rumors of Argentina increasing export
taxes on their own corn farmers as well as them purchasing U.S. soybeans and selling
them to China which has supported the soy complex this week.  USDA said last week's
export sales and shipments of corn totaled 54.5 million bushels (mb) and 42.4 mb
respectively, a bullish combination that has total commitments up 50% from a year ago
early in 2018-19.  Soybeans totaled 33.7 mb and 29.4 mb, putting total commitments
down 7% from a year ago after almost two weeks in 2018-19.  Wheat totaled 17.2 mb and
11.6 mb respectively, keeping total wheat shipments down 31% in 2018-19 from a year
ago.  Wheat was 10 to 56 1/2 cents higher.  Corn was from 4 cents lower to 2 cents
higher.  Sorghum was from 15 cents lower to 3 cents higher.  Soybeans were 12 to 25
cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 25 1/4
cents higher from 5.92-6.07 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 18 to 26
cents higher from 4.84-4.85 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 51 1/2 to 56 1/2 cents higher from
6.63 1/2-6.73 1/2 per bushel.  Portland US Soft White wheat rail was 10 to 15 cents
higher from 5.90-6.05 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 4 cents lower to 1/2 cent higher
from 3.44 3/4-3.56 1/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 3 cents
lower from 3.17 1/2-3.22 1/2 per bushel.  Omaha US No 2 Yellow Corn was 2 to 4 cents
lower from 3.04-3.19 per bushel.  Chicago US No 2 Yellow Corn was 1 cent lower to 2
cents higher from 2.87 1/2-2.99 1/2 per bushel.  Toledo US No 2 rail Yellow corn was
2 cents higher from 3.12 1/2-3.22 1/2 per bushel.  Minneapolis US No 2 Yellow corn
rail was 4 cents lower at 2.86 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 1 1/2 cents lower to 16 1/2 cents higher from 2.64-3.19 per bushel.  US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was not
quoted.  Portland US 2 Barley, unit trains and Barges-export was not quoted.

   SORGHUM:  US No 2 yellow truck, Kansas City was 15 cents lower at 5.22 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 9 cents lower to 3 cents higher from 5.99-6.39 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 25 cents higher at 7.41 1/4 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 17 to 22 cents higher
from 7.85 1/4-8.00 1/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 12
cents higher at 8.00 1/4 per bushel.  Illinois 48 percent soybean meal, processor
rail bid was steady to 1.00 higher from 321.40-322.40 per bushel.  Central Illinois
Crude Soybean oil processor bid was 0.08 points higher from 27.10-27.35 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Lindsay Brunet, Market Reporter 816-676-7000
        For more Grain Market News:

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