USDA National Grain Review

ST. JOSEPH - Oct 18/13 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Oct 18.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Grain and soybean bids have no comparison due to the government shutdown.
However, trade was mixed this week on a variety of factors.  Soybeans were the
leader most of the week on possible freeze and good China demand, along with a
lower dollar which supported all grains.  Nevertheless, better than expected
yields pressured the row crops.  Harvest continues to go strong in some areas of
the corn-belt with higher than expected yields.  Yet there are still parts of
the Midwest that lag behind as a result of late spring planting.  The NOPA,
crush report for the month of September showed 108.7 million bu of soybeans were
crushed, which was 2 million more than trade estimates and down 119 million bu
from a year ago.  The USDA cancelled the October production and supply/demand
reports.  The next report is scheduled for November 8th.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was
from 8.35-8.64 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 at 6.96 per
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5
percent protein rail, was at 8.40 per bushel.  Portland US Soft White wheat rail
was from 7.29-7.31 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was from 4.77-4.82 per bushel.
Kansas City US No 2 truck Yellow Corn was at 4.33-4.38 per bushel.  Omaha US No
2 truck Yellow Corn was from 4.43-4.44 per bushel.  Chicago US No 2 Yellow Corn
was from 4.16-4.53 per bushel.  Toledo US No 2 rail Yellow corn was from 4.16-
4.18 per bushel.  Minneapolis US No 2 Yellow corn rail was at 4.30 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was from 3.31 3/4-3.66 3/4 per bushel.  US No 3 or better rail malting
Barley, 70 percent or better plump out of Minneapolis was 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 at 7.55 per cwt.  Texas High
Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator)
was from 7.20-7.46 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were at 12.78 1/4 per bushel.
Illinois Processors US No 1 Yellow truck soybeans were from 12.72 3/4-12.82 3/4
per bushel.  Kansas City US No 2 Yellow truck soybeans were at 12.73 1/4 per
bushel.  Central Illinois 48 percent Soybean meal, processor rail bid was from
424.90-439.90 per ton.  Central Illinois Crude Soybean oil processor bid was
from 39.83-41.33 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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