USDA National Grain Review

ST. JOSEPH - Sep 5/14 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Sep 5.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grains all traded mostly lower this week.  Grains this
week traded mostly lower on selling pressure as harvest grows near and with the
anticipation of record crops ahead.  There continues to be reports of sudden
death syndrome in soybean fields in the Corn Belt and it’s difficult to
know how much yield loss may occur.  Corn and soybeans traders are still aware
of bearish fundamental situations as the forthcoming U.S. crop looks to set
records with ending stocks expected to increase significantly as yield estimates
continue to improve.  There have been noticeable large drops in soybean basis
the past few days, along with soybean meal basis as soybean meal supplies are
low.  Wheat closed the week mostly 20 1/2-40 cents lower.  Corn traded mostly
17-25 1/4 cents lower with sorghum 5-41 cents lower.  Soybeans closed 25 1/2-55
1/2 cents lower.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was
20 1/2-24 1/2 cents lower from 7.10 1/4-7.45 1/4 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 40 cents lower at 4.58 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 41-
51 cents higher from 9.03-9.33 per bushel.  Portland US Soft White wheat rail
was 21 1/2-29 3/4 cents lower from 6.70 1/4-6.90 1/4 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 3.44-3.53 this week.  Kansas
City US No 2 truck Yellow Corn was 17 1/4-22 1/4 cents lower at 3.44 1/2 per
bushel.  Omaha US No 2 truck Yellow Corn was 22-26 cents lower from 3.38-3.44
per bushel.  Chicago US No 2 Yellow Corn was 23 1/4 cents lower from 3.30 1/2-
3.83 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 23 1/4-24 3/4 cents
lower from 3.32 1/2-3.35 1/2 per bushel.  Minneapolis US No 2 Yellow corn rail
was 25 1/4 cents lower at 3.19 1/2 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was unchanged from 3.76-3.91 per bushel.  US No 3 or better rail malting
Barley, 70 percent or better plump out of Minneapolis was .5 cents lower at 5.70
per bushel.  Portland US 2 Barley, unit trains and Barges-export was not
available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 41 cents lower at 5.47 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 5 to 10 cents lower from 5.92-6.10 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 25 1/2 cents lower at 9.82
1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 25 1/2-
55 1/2 cents lower from 11.53 1/4-13.03 1/4 per bushel.  Kansas City US No 2
Yellow truck soybeans were 25 1/2 cents lower at 13.53 1/4 per bushel.  Central
Illinois 48 percent Soybean meal, processor rail bid was 2.20 higher to 22.20
lower from 555.40-611.40 per ton.  Central Illinois Crude Soybean oil processor
bid 67 points lower from 33.39-34.89 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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