USDA National Grain Review

ST. JOSEPH - Sep 20/13 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Sep 20.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain bids saw moderate declines with soybeans trading
sharply lower as rain in parts of the Midwest and fund selling triggered the
weakness.  Late maturing beans benefitted from the moisture.  The cash basis
also dropped severely in some areas as new crop is underway.  The NOPA report
showed 110.5 million bushels of soybeans were crushed in the month of August
which was under trade estimates and lower than a year ago of 124.8 million
bushels.  Corn had pressure from early harvest, the outlook for high yields, and
a sharply lower soybean market.  Hot temperatures were prevalent early in the
week but cooler weather moved in with heavy rain across parts of the corn-belt.
Weekly export sales for corn came in at 437,400 tonnes for 2013-2014 marketing
year.  Soybeans had export sales of 923,300 tonnes for the 2013-2014 marketing
year.  Wheat had export sales of 704,400 tonnes for current marketing year.
Wheat closed 3-31 cents lower.  Corn traded mostly 6-21 cents lower.  Soybeans
closed 62 cents to 2.36 lower.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 14
3/4 cents lower to 1/4 cent higher from 7.88-8.07.  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 5 cents lower at 6.18 per bushel.  Minneapolis and Duluth US No
1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 31 1/4 cents
lower from 7.78 1/2-8.23 1/2 per bushel.  Portland US Soft White wheat rail was
3 to 21 cents lower from 7.02-7.07 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 1 to 8 cents lower from 4.91-
4.98 per bushel.  Kansas City US No 2 truck Yellow Corn was 6 3/4 cents lower at
5.09 1/2 per bushel.  Omaha US No 2 truck Yellow Corn was 6 cents lower from
4.95-5.10 per bushel.  Chicago US No 2 Yellow Corn was 16 3/4 to 36 3/4 cents
lower from 4.32 1/2-4.79 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 19
3/4 to 21 3/4 lower from 4.58 1/2-4.59 1/2 per bushel.  Minneapolis US No 2
Yellow corn rail was 11 3/4 cents lower at 4.65 1/2 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 6 1/4 cents lower from 3.27-3.47 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was 15 cents
higher at 5.50 per bushel.  Portland US 2 Barley, unit trains and Barges-export
was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 12 cents lower at 8.21 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 1 to 11 cents lower from 7.50-7.77 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 62 1/2 cents lower at 13.07
1/2 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 1.11 1/2
to 1.16 1/2 lower from 13.84 1/2-13.89 1/2 per bushel.  Kansas City US No 2
Yellow truck soybeans were 2.31 1/2 to 2.36 1/2 lower from 13.09 1/2-13.14 1/2
per bushel.  Central Illinois 48 percent Soybean meal, processor rail bid was
71.60 to 77.60 lower from 471.60-479.60 per ton.  Central Illinois Crude Soybean
oil processor bid was 7 points lower from 41.21-43.71 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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