Weekly National Grain Market Review
11/06/2009 08:16AM
Bookmark
Subscribe
SJ_GR851
St. Joseph, MO Fri Nov 06, 2009 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids were lower with wheat trading
higher. The grains opened the week higher as buying entered the market on
Monday. Outside markets were up with crude oil and precious metals. A weak
dollar also lend support to wheat. Harvest started slow but turned active
later in the week as dry weather prevail allowing combines back in the field.
This pressured corn and soybeans seeing slight to moderate losses. It’s been
a wet harvest season and a lot of high moisture crop reported. Weekly export
sales for wheat were below the low end of trade expectations coming in at
284,500 tonnes which added additional pressure to the market. Weekly export
sales for corn were near the high end of trade expectations coming in at a
total of 571,200 and soybeans at 524,900 tonnes which were in line with
estimates.
Wheat was mostly 9-18 cents higher. Yellow Corn was 3-14 cents lower.
Sorghum was 6 cents lower to 38 cents higher. Soybeans were 16-44 cents
lower.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was
9 1/2 to 13 1/2 cents higher from 4.94 1/2-5.55 1/2 per bushel. Kansas City
US No 2 Soft Red Winter rail bid was 9 1/2 cents higher from 4.72 1/2-5.22 1/2
per bushel. St. Louis truck US No 2 Soft Red Winter terminal bid was 18 cents
higher at 3.37 per bushel. Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 14 3/4 to 39 3/4 cents higher
from 6.53 1/2-6.78 1/2 per bushel. Portland US Soft White wheat rail was 10
cents higher from 4.80-4.90 per bushel.
CORN: Kansas City US No 2 rail White Corn was 18 to 20 cents higher from
4.01-4.14 per bushel. Kansas City US No 2 truck Yellow Corn was 3 cents lower
from 3.54-3.57 per bushel. Omaha US No 2 truck Yellow Corn was 6 to 9 cents
lower from 3.47-3.61 per bushel. Chicago US No 2 Yellow Corn was 3 to 14
cents lower from 3.46 1/2-3.73 1/2 per bushel. Toledo US No 2 rail Yellow
corn was 8 cents lower from 3.49 1/2-3.53 1/2 per bushel. Minneapolis US No 2
Yellow Corn rail was 14 cents lower at 3.35 1/2 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 1 1/2 cent lower from 2.45 3/4-2.55 3/4 per bushel. US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was not
available per bushel. Portland US 2 Barley, unit trains and Barges-export was
not available per cwt.
SORGHUM: US No 2 yellow truck, Kansas City was 6 cents lower at 5.57 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 23 to 38 cents higher from 5.94-6.19 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans, were 26 1/2 cents lower at 9.45
per bushel. Illinois Processors US No 1 Yellow truck soybeans were 16 1/2
cents lower from 9.64-9.84 per bushel. Kansas City US No 2 Yellow truck
soybeans were 44 cents lower at 9.42 per bushel. Central Illinois 48 percent
Soybean meal, processor rail bid was 2.00 lower to 3.00 higher from 309.30-
326.30 per ton. Central Illinois crude Soybean oil processor bid was 16 to 26
points higher at 34.18-36.18 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Baldemar Ortiz, Market Reporter (816)238-0678
www.ams.usda.gov/mnreports/SJ_GR851.txt
For more Grain Market News:
www.ams.usda.gov/lsg/mncs/ls_grain.htm
0816c bro
.