St. Joseph, MO Fri Nov 14, 2014 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids closed higher. Corn and wheat
saw gains due to the bullish USDA report on Monday. Wheat saw additional
support from cold temperatures across the Plains and Midwest. The cold bitter
blast has trade concerned of possible damage to winter wheat. Soybeans were
higher on good demand. U.S. crop estimate for corn was lower at 14.41 billion
bushels. The USDA lowered the U.S. corn yield in the monthly report with the
average US corn yield coming in at 173.4 bushels per acre. Wheat US ending
stocks were listed at 644 million bushels. Soybeans were bearish coming in at
3.96 billion bushels which was higher. The national average for soybean yield
was up to 47.5 bushels per acre. Corn harvest now stands at 80 percent and
soybeans at 90 percent harvested. Wheat was mostly 5-33 cents higher. Yellow
Corn traded 13-23 cents higher. Sorghum was 27-29 cents higher. Soybeans were
10-38 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 26
1/4 cents higher from 7.15 1/4-7.40 1/4 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 33 cents higher at 5.23 per bushel. Minneapolis and Duluth US
No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 1/4 to 5 1/4
cents higher from 8.09 1/4-8.34 1/4 per bushel. Portland US Soft White wheat
rail was 12 3/4 to 67 3/4 cents higher from 6.78-7.53 3/4 per bushel.
CORN: Kansas City US No 2 rail White Corn was 5 to 9 cents higher from 3.72-
3.84 per bushel. Kansas City US No 2 truck Yellow Corn was 15 cents higher from
3.41 1/4-3.46 1/4 per bushel. Omaha US No 2 truck Yellow Corn was 20 to 23
cents higher from 3.54-3.56 per bushel. Chicago US No 2 Yellow Corn was 18 to
22 cents higher from 3.48 1/4-3.86 1/4 per bushel. Toledo US No 2 rail Yellow
corn was 13 to 15 cents higher from 3.58 1/4-3.67 1/4 per bushel. Minneapolis
US No 2 Yellow corn rail was 21 cents higher at 3.47 1/4 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 2 cents lower to 47 cents higher from 3.39 3/4-3.88 3/4 per bushel. US
No 3 or better rail malting Barley, 70 percent or better plump out of
Minneapolis was steady at 7.35 per bushel. Portland US 2 Barley, unit trains
and Barges-export was not available.
SORGHUM: US No 2 yellow truck, Kansas City was 27 cents higher at 6.90 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 27 to 29 cents higher from 6.63-6.89 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were 22 1/2 cents higher at 9.93
1/2 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 10 1/2
to 23 1/2 cents higher from 10.38 1/2-10.63 1/2 per bushel. Kansas City US No 2
Yellow truck soybeans were 38 1/2 cent higher at 10.23 1/2 per bushel. Illinois
48 percent Soybean meal, processor rail bid was 3.20 lower to 2.80 higher from
446.50-463.50 per ton. Central Illinois Crude Soybean oil processor bid was 46
points lower from 31.57-33.82 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Baldemar Ortiz, Market Reporter (816)676-7000
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