St. Joseph, MO Fri Mar 22, 2013 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids were higher. Wheat saw support
from the higher grains. However, some pressure was noted as the HRW wheat
region is anticipating another storm system moving in through the weekend across
the southern plains and Midwest. Crop ratings improved for Kansas and Oklahoma,
but declined for Texas. Soybeans saw sharp gains late in the week on increased
demand and logistical concerns in Brazil. Corn had weekly export sales of only
275,300 tonnes with 92,200 tonnes slatted for 2012-2013. Soybeans weekly export
sales came in at 341,800 tonnes with 107,800 tonnes for 2012-2013. Wheat had
weekly export sales of 573,300 tonnes with 484,500 tonnes for 2012-2013. Wheat
was mostly 1-22 cents higher with Portland 31-32 cents lower. Yellow Corn was
5-22 cents higher. Sorghum was 9-29 cents higher. Soybeans were 3-10 cents
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 7
3/4 to 22 3/4 cents higher from 8.20 1/2-8.75 1/2 per bushel. Kansas City US No
2 Soft Red winter rail bid no quote per bushel. St. Louis truck US No 2 Soft
Red Winter terminal bid was 7 cents higher at 7.59 per bushel. Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 1
3/4 to 11 3/4 cents higher from 9.17 3/4-9.22 3/4 per bushel. Portland US Soft
White wheat rail was 31 to 32 3/4 cents lower from 8.47-8.58 3/4 per bushel.
CORN: Kansas City US No 2 rail White Corn was 2 to 3 cents higher from 7.55-
7.61 per bushel. Kansas City US No 2 truck Yellow Corn was 17 to 22 cents
higher at 7.81 per bushel. Omaha US No 2 truck Yellow Corn was 12 cents higher
from 7.63-7.69 per bushel. Chicago US No 2 Yellow Corn was 13 1/2 to 14 1/2
cents higher from 7.55-7.61 per bushel. Toledo US No 2 rail Yellow corn was 12
1/2 to 13 1/2 cents higher from 7.49-7.55 per bushel. Minneapolis US No 2
Yellow corn rail was 5 1/2 cents higher at 7.17 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 1 1/2 cents lower at 4.25 per bushel. US No 3 or better rail malting
Barley, 70 percent or better plump out of Minneapolis no quote 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 28 cents higher at 12.91 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 9 to 29 cents higher from 12.82-13.09 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were 7 1/2 cents higher at 14.44
per bushel. Illinois Processors US No 1 Yellow truck soybeans were 3 1/2 to 8
1/2 cents higher from 14.74-14.99 per bushel. Kansas City US No 2 Yellow truck
soybeans were 10 cents higher at 14.99 per bushel. Central Illinois 48 percent
Soybean meal, processor rail bid was 10 cents to 2.10 lower from 431.90-439.90
per ton. Central Illinois Crude Soybean oil processor bid was 158 to 183 points
higher from 48.92-49.92 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Baldemar Ortiz, Market Reporter (816)238-0678
For more Grain Market News:
Weekly National Grain Market Review
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- Feeder cattle review: Weather, light receipts limit market action
- Control weeds now for better pastures this summer
- Cattle Outlook: Boxed beef prices advance, fed prices retract
- Using the “Nebraska advantage” to grow the livestock industry
- U.S. readies for more 'extremely tough' trade talks with Japan