SJ_GR851
St. Joseph, MO    Fri Apr 17, 2020   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for corn, sorghum and soybeans are lower; wheat
is mostly lower.

 For the week ending April 9, 2020, an increase of 35.7 million bushels of corn
export sales for 2019-20 were reported while an increase of 9.0 million bushels of
soybean exports sales for 2019-20 were formulated.  Wheat export sales showed an
increase of 6.6 million bushels for 2019-20 were reported. Sorghum export sales
showed an increase of 2.9 million bushels for 2019-20 were reported.

 Ethanol production for the week ending April 10, 2020 reported a decrease of 102,000
barrels per day to 0.570 million barrels a day, down 44 percent from a year ago.
Ethanol stocks increased 0.378 million barrels at 27.5 million barrels. Corn used for
ethanol production decreased to 57.7 million bushels.

 Soybean crush for March was pegged at 181.4 million bushels. For the week ending
April 12, 2020, corn planted is at 3 percent and sorghum is at 18 percent.

 Wheat was 31 1/4 cents lower to 2 cents higher.  Corn was 10 to 18 cents lower.
Sorghum was 21 cents lower.  Soybeans were 16 3/4 cents lower to 26 3/4 cents lower."

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 26
cents lower from 5.51-5.61 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 27 cents
lower at 5.45 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0
to 14.5 percent protein rail, was 21 1/4 to 31 1/4 cents lower from 6.01 1/4-6.26 1/4
per bushel.  Portland US Soft White wheat rail was steady to 2 cents higher from
6.07-6.10 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was has no comparison from 3.17 3/4-
3.23 per bushel.  Kansas City US No 2 truck Yellow Corn was 10 to 12 cents lower from
3.14 3/4-3.21 3/4 per bushel.  Omaha US No 2 Yellow Corn was 11 cents lower from
2.98-3.06 per bushel.  Chicago US No 2 Yellow Corn was 12 to 16 cents lower from 3.19
3/4-3.21 3/4 per bushel.  Toledo US No 2 rail Yellow corn was 12 cents lower at 3.09
3/4 per bushel.  Minneapolis US No 2 Yellow corn rail was 18 cents lower at 2.87 3/4
per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 15 cents higher from 2.89 1/4-3.59 1/4 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 21 cents lower from 5.71-6.25 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 21 cents lower from 5.00-5.62 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 23 3/4 cents lower at 8.15 3/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 24 3/4 to 26 3/4
cents lower from 8.41 3/4-8.53 3/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 16 3/4 to 26 3/4 cents lower from 8.16 3/4-8.41 3/4 per bushel.
Illinois 48 percent soybean meal, processor rail bid was 0.60 to 2.60points higher
from 295.10-296.10 per bushel.  Central Illinois Crude Soybean oil processor bid was
1.31 to 1.86 lower from 25.50-25.80 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

    826C   je