USDA Weekly Grain Report

SJ_GR851
St. Joseph, MO    Fri Sep 13, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for wheat were higher with northern spring wheat
mixed, yellow corn was higher with white corn lower, soybeans and sorghum were
higher. Ethanol production for week ending September 6th totaled 1.023 million
barrels per day, an 10,000-barrel increase when compared to the week prior.  Ethanol
stocks were at 22.5 mb this week, a decrease of 1.300 mb.  Monday's crop condition
report showed corn at 55 percent good to excellent which would be 13 percent less
than a year ago this time.  Corn dented is reported at 55 percent this week, 29
percent below a year ago.  Soybean condition was reported at 55 percent good to
excellent which is 13 percent less than the same time a year ago.  Soybeans setting
pods reported at 92 percent, which is 8 percent behind last year.

 For the week ending September 5, 2019, an increase of 19.6 million bushels of corn
export sales for 2019-20 were reported, while an increase of 43.1 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 22.4 million bushels for 2019-20 and a decrease of 0.3 million bushels
for 2020-21 were included in the latest report.

 Wheat was 4 3/4 cents lower to 18 cents higher.  Corn was 15 cents lower to 18 1/2
cents higher.  Sorghum was 15 to 16 cents higher.  Soybeans were 26 to 34 cents
higher. "

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 14 3/4
cents higher from 4.78 1/2-4.88 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 10
to 18 cents higher at 4.86 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 4 3/4 cents lower to 1/4 cent higher
at 5.87 1/4 per bushel.  Portland US Soft White wheat rail was steady to 5 cents
higher from 5.70-5.80 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 5 1/4 to 15 cents lower from 3.53
1/4-3.67 1/2 per bushel.  Kansas City US No 2 truck Yellow Corn was 3 1/2 to 8 1/2
cents higher from 3.52 1/4-3.77 1/4 per bushel.  Omaha US No 2 Yellow Corn was 8 to
10 cents higher from 3.67-3.69 per bushel.  Chicago US No 2 Yellow Corn was 8 1/2
cents higher from 3.78 1/4-3.82 1/4 per bushel.  Toledo US No 2 rail Yellow corn was
8 1/2 cents higher at 3.97 1/4 per bushel.  Minneapolis US No 2 Yellow corn rail was
18 1/2 cents higher at 3.28 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 3 1/4 to 15 1/4 cents higher from 2.83-3.33 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 higher from 5.84-5.93 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 15 to 16 cents higher from 6.20-6.46 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 28 cents higher at 8.30 1/2 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 26 to 31 cents higher
from 8.50 1/2-8.82 1/2 per bushel.  Kansas City US No 2 Yellow truck soybeans were 31
to 34 cents higher from 8.20 1/2-8.55 1/2 per bushel.  Illinois 48 percent soybean
meal, processor rail bid was 6.90 higher from 292.60-307.60 per bushel.  Central
Illinois Crude Soybean oil processor bid was 0.55 points higher from 28.51-29.01 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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