SJ_GR851
St. Joseph, MO    Fri Feb 01, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat were mostly lower, corn, soybeans and
sorghum were mixed.  Ethanol production for the week ending January 25th saw another
drop of around 19,000 barrels compared to the week prior, putting ethanol stocks to
23.98 million barrels.  USDA is working to get caught up on export sales and
shipments figures for the first part of this year. Recently they have released
figures for the week of December 20th showing corn exports and sales for that week at
66.9 million and 35.4 million bushels, soybeans at 87.9 million and 22.5 million
bushels and wheat at 19.3 million and 18.8 million bushels.  Wheat was 16 cents lower
to 20 cents higher.  Corn was 1 cent lower to 5 cents higher.  Sorghum was 1 cent
lower to 42 cents higher.  Soybeans were 6 cents lower to 4 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12 1/2
cents lower from 6.09-6.24 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 6 cents
lower from 5.46-5.47 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 6 1/4 to 16 1/4 cents lower from 6.90-
7.00 per bushel.  Portland US Soft White wheat rail was 5 to 20 cents higher from
6.35-6.50 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was steady to 1 3/4 cents higher from
3.90 3/4-3.96 1/2 per bushel.  Kansas City US No 2 truck Yellow Corn was 1/2 cent
lower from 3.63 1/2-3.72 1/2 per bushel.  Omaha US No 2 Yellow Corn was 2 to 5 cents
higher from 3.60-3.67 per bushel.  Chicago US No 2 Yellow Corn was 1/2 cent lower
from 3.41 1/2-3.58 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 1/2 cent
higher from 3.64 1/2-3.67 1/2 per bushel.  Minneapolis US No 2 Yellow corn rail was
1/2 cent lower at 3.24 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 8 1/4 cents lower to 13 3/4 cents higher from 3.10 1/2-3.42 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 1 cent lower from 5.83-6.01 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 2 cents lower to 42 cents higher from 6.18-6.71 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 3/4 cent lower at 8.25 1/4 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 1 1/4 to 2 1/4 cents
higher from 8.77 1/4-8.95 1/4 per bushel.  Kansas City US No 2 Yellow truck soybeans
were 5 3/4 cents lower to 4 1/4 cents higher from 8.50 1/4-8.75 1/4 per bushel.
Illinois 48 percent soybean meal, processor rail bid was 2.30 lower from 305.00-
313.00 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.66 points
higher from 29.37-29.67 per cwt.




Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Voluntary Staff, Market Reporter 816-676-7000  StJoe.LGMN@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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