USDA Weekly Grain Report

SJ_GR851
St. Joseph, MO    Fri Nov 29, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for soybeans and corn were lower. Wheat is higher
and Sorghum is mixed. Ethanol production for the week ending November 22nd increased
to 1.059 million barrels, an increase of 26,000 barrels a day. Ethanol stocks are
reported 22.3 million barrels a decrease of .237 million barrels. Monday's corn
harvested is pegged at 84 percent, 12 percent below the previous five year average.
Soybeans harvested reported at 94 percent, which is 3 percent behind the previous
five year average.

 For the week ending November 21, 2019, an increase of 31.8 million bushels of corn
export sales for 2019-20 were reported while an increase of 61.1 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 22.5 million bushels for 2019-20 were reported.

 Wheat was steady to 14 cents higher.  Corn was 3/4 to 11 1/4 cents lower.  Sorghum
was 10 cents lower to 9 cents higher.  Soybeans were 11 to 35 cents lower. "

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 7 1/2
cents higher from 5.33 1/2-5.43 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 14
cents higher at 5.68 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 steady to 5 cents higher from 5.85-5.95 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 3/4 to 5 3/4 cents lower from 3.67 3/4-3.75 3/4 per bushel.
Omaha US No 2 Yellow Corn was 3 to 4 cents lower from 3.47-3.51 per bushel.  Chicago
US No 2 Yellow Corn was 5 3/4 to 7 3/4 cents lower from 3.77 3/4-3.86 3/4 per bushel.
Toledo US No 2 rail Yellow corn was 5 1/4 to 5 3/4 cents lower from 3.92 3/4-3.93 1/4
per bushel.  Minneapolis US No 2 Yellow corn rail was 11 1/4 cents lower at 3.38 1/4
per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 1 to 5 cent lower from 2.79 1/2-3.62 1/2 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 10 cents lower at 5.94 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 8 cents lower to 9 cents higher from 6.13-6.57 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 35 cents lower at 8.39 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 11 to 19 cents lower
from 8.84-8.97 per bushel.  Kansas City US No 2 Yellow truck soybeans were 19 to 24
cents lower from 8.37-8.57 per bushel.  Illinois 48 percent soybean meal, processor
rail bid was 7.20 lower from 293.80-297.80 per bushel.  Central Illinois Crude
Soybean oil processor bid was 0.07 to 0.32 points lower from 29.27-30.12 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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