USDA National Grain Review

ST. JOSEPH - Apr 18/14 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Apr 18.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, wheat and soybean bids were higher, while corn and
sorghum traded lower ahead of the holiday weekend.  Wheat was higher on concerns
of cold temperatures in the Southern Plains that could damage winter wheat,
along with dry conditions.  Temperatures dropped in the low 20’s raising
concerns as the crop is already suffering from drought conditions.  Soybeans
found support from a positive NOPA crush report which was much higher than
expected at 153.8 mb for the month of March.   Corn saw gains early on spillover
support from wheat and plantings behind schedule.  Late pressure was noted due
to the lower soybeans.  The first progress planting report showed 3 percent
planted, mostly in the south.  The harsh winter, recent cold temperatures, and
rain have led to a late planting season.  Wheat was 16-53 cents higher.  Corn
was 1-6 cents lower.  Sorghum was 11 cents lower.  Soybeans were 31-36 cents
higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 53
1/2 cents higher from 8.96-9.06 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 17 to 30 cents higher from 6.99-7.18 per bushel.  Minneapolis and Duluth US
No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 31 3/4 to 36
3/4 cents higher from 8.72 3/4-8.92 3/4 per bushel.  Portland US Soft White
wheat rail was 16 1/4 to 29 cents higher from 7.61 1/4-7.76 1/4 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 2 to 3 cents lower from 4.88-
4.96 per bushel.  Kansas City US No 2 truck Yellow Corn was 5 1/2 to 6 1/2 cents
lower from 4.87 3/4-4.90 3/4 per bushel.  Omaha US No 2 truck Yellow Corn was 1
to 2 cents lower from 4.83-4.87 per bushel.  Chicago US No 2 Yellow Corn was 4 ½
to 5 1/2 cents lower from 4.78 3/4-4.98 3/4 per bushel.  Toledo US No 2 rail
Yellow corn was 6 1/2 cents lower from 4.73 3/4-4.77 3/4 per bushel.
Minneapolis US No 2 Yellow corn rail was 6 1/2 cents lower at 4.63 3/4 per
bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 6 cents lower to 24 cents higher from 4.44-4.69 per bushel.  US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was 90
cents higher at 6.90 per bushel.  Portland US 2 Barley, unit trains and Barges-
export was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 11 cents lower at 8.75 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 11 cents lower from 8.57-8.65 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 36 3/4 cents higher at
14.90 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 31 3/4
to 34 3/4 cents higher from 15.24-15.54 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 31 3/4 cents higher at 15.41 per bushel.  Central Illinois
48 percent Soybean meal, processor rail bid was 1.20 to 11.80 cents higher from
516.30-519.30 per ton.  Central Illinois Crude Soybean oil processor bid was 116
points higher from 42.91-43.41 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service