SJ_GR851 St. Joseph, MO Fri Feb 28, 2020 USDA-MO Dept of Ag Market News WEEKLY NATIONAL GRAIN MARKET REVIEW " Compared to last week, cash bids for wheat were mostly lower; corn and soybeans were lower and sorghum were mixed. For the week ending February 20, 2020, an increase of 34.0 million bushels of corn export sales for 2019-20 were reported while an increase of 12.5 million bushels of soybean exports sales for 2019-20 were formulated. Wheat export sales showed an increase of 14.0 million bushels for 2019-20 were reported. Ethanol production for the week ending February 21, 2020 reported an increase of 14,000 barrels per day to 1.054 million barrels a day. Ethanol stocks decreased 0.063 million barrels at 24.7 million barrels. The Ag Outlook Board released estimated plantings of corn in the U.S. this year to be 94.0 million acres, an average yield of 178.5 bpa for a total production of 15.5 billion bushels. Estimated plantings of soybeans acres were pegged at 85.0 million acres, an average yield of 49.8 bpa for a total production of 4.2 billion bushels. Wheat was 56 cents lower to 9 1/2 cents higher. Corn was 7 1/4 cents to 16 cents lower. Sorghum was 16 cents to 29 cents lower. Soybeans were 3 1/2 cents lower to 7 1/2 cents lower." WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 29 cents lower from 5.24 3/4-5.34 3/4 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 56 cents lower at 5.64 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 1/2 cent lower to 9 1/2 cents higher from 6.54-6.64 per bushel. Portland US Soft White wheat rail was 7 to 8 cents lower from 6.12-6.18 per bushel. CORN: Kansas City US No 2 rail White Corn was 7 1/4 to 11 3/4 cents lower from 3.91 1/4-3.99 per bushel. Kansas City US No 2 truck Yellow Corn was 12 to 13 cents lower from 3.79 1/2-3.80 1/2 per bushel. Omaha US No 2 Yellow Corn was 12 to 16 cents lower from 3.63-3.65 per bushel. Chicago US No 2 Yellow Corn was 14 to 15 cents lower from 3.76 1/2-3.82 1/2 per bushel. Toledo US No 2 rail Yellow corn was 14 cents lower from 3.79 1/2-3.87 1/2 per bushel. Minneapolis US No 2 Yellow corn rail was 14 1/2 cents lower at 3.34 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 8 3/4 to 13 3/4 cents lower from 3.19 3/4-3.34 3/4 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 16 cents lower to 29 cents higher from 5.97-6.51 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 25 to 26 cents lower from 5.87-6.41 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans were 3 1/2 cents lower at 8.49 1/4 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 3 1/2 to 6 1/2 cents lower from 8.97 1/4-9.03 1/4 per bushel. Kansas City US No 2 Yellow truck soybeans were 6 1/2 to 7 1/2 cents lower from 8.80 1/4-8.96 1/4 per bushel. Illinois 48 percent soybean meal, processor rail bid was 5.30 higher from 303.60-306.60 per bushel. Central Illinois Crude Soybean oil processor bid was 1.04 to 1.09 lower from 28.83-29.08 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 820C je