USDA Weekly Grain Report

SJ_GR851
St. Joseph, MO    Fri Aug 16, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for wheat, corn, sorghum and soybeans were mostly
lower. Ethanol production for week ending August 9th totaled 1.045 million barrels
per day, a 5,000-barrel increase when compared to the week prior.  Ethanol stocks
were at 23.883 mb this week, a increase of .766 mb.  Monday's crop condition report
showed corn at 57 percent good to excellent which would be 13 percent less than a
year ago this time.  Soybean condition was reported at 54 percent good to excellent
which is 12 percent less than the same time a year ago.

 For the week ending August 8, 2019, an increase of 2.2 million bushels of corn
export sales for 2018-19 and an increase of 12.1 mb for 2019-20 were reported, while
a decrease of 4.0 million bushels of soybean exports sales for 2018-19 and an
increase of 30.0 million bushels for 2019-20 were tabulated.  Wheat export sales
showed an increase of 17.0 million bushels for 2019-20 were included in the latest
report.

 The August 12th Crop production forcasts corn at 13.9 billion bushels, a 4 percent
decrease from 2018 . Soybean production at 3.68 billion bushels, a 19 percent
decrease from 2018. Wheat forecast at 1.98 billion bushels, up 3 percent from 2018.
USDA also reported corn acres at 90.0 million and soybeans planted at 76.7 million
acres.


 Wheat was 12 3/4 cents to 33 3/4 cents lower.  Corn was 47 1/4 cents to 52 1/4 cents
lower.  Sorghum was 65 cents to 90 cents lower.  Soybeans were 14 1/4 cents lower to
1 3/4 cents higher. "

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 33 3/4
cents lower from 4.79 3/4-4.89 3/4 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 30
to 32 cents lower from 4.64-4.71 per bushel.  Minneapolis and Duluth US No 1 Dark
Northern Spring, 14.0 to 14.5 percent protein rail, was 12 3/4 to 18 1/4 cents lower
at 5.82 3/4 per bushel.  Portland US Soft White wheat rail was 20 cents lower from
5.55-5.80 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 47 1/4 to 48 1/4 cents lower from
3.78 1/4-3.83 3/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 50 1/4 cents
lower from 3.72 3/4-3.75 3/4 per bushel.  Omaha US No 2 Yellow Corn was 50 cents
lower from 3.57-3.61 per bushel.  Chicago US No 2 Yellow Corn was 50 1/4 to 52 1/4
cents lower from 3.78 3/4-3.85 3/4 per bushel.  Toledo US No 2 rail Yellow corn was
50 1/4 cents lower from 3.95 3/4-3.98 3/4 per bushel.  Minneapolis US No 2 Yellow
corn rail was 55 1/4 cents lower at 3.10 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was steady to 12 cents lower from 2.74 3/4-3.24 3/4 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 89 to 90 cents lower from 5.80-
6.00 per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 65 to 82 cents lower from 5.73-6.42 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 12 1/4 cents lower at 8.02 3/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 12 1/4 cents
lower to 1 3/4 cents higher from 8.40 3/4-8.70 3/4 per bushel.  Kansas City US No 2
Yellow truck soybeans were 12 1/4 to 14 1/4 cents lower from 8.00 3/4-8.30 3/4 per
bushel.  Illinois 48 percent soybean meal, processor rail bid was 5.00 lower from
287.80-301.80 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.56
points higher from 29.07-29.32 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        John Ervin, Market Reporter 816-676-7000  StJoe.LPGMN@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

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