USDA National Grain Review

ST. JOSEPH - Oct 3/14 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Oct 3.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids were mixed.  Corn and soybeans
saw pressure from the on-going harvest and good yields.  However, heavy rain and
a cold front moved in across the corn-belt which slowed progress in the field
lending support to the grains.  Reports of frost were reported in the upper
Midwest but will not have an impact on the extent of the crop.  Harvest pace is
slower than normal with 12 percent of the corn and 10 percent of the soybeans
harvested.  The USDA report was released Tuesday with slightly bullish stocks
for soybeans coming in at 92 mb, less than was expected.  Corn came in within
expected range with 1,236 bb.  Wheat saw support from good weekly export sales
which came in at 27.2 mb, with all for the 2014-2015 marketing year.  Weekly
export sales of corn totaled 27.0 mb, with 25.1 mb (for the 2014-2015 marketing
year.  Export sales of soybeans were good totaling 32.7 mb with 31.9 mb for the
2014-2015 marketing year.    Wheat was 1.03 lower to 13 cents higher.  Yellow
Corn was mostly 6-43 cents lower.  Sorghum was 6-15 cents lower.  Soybeans were
33 cents lower to 11 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12
1/4 cents higher from 6.96 1/2-7.23 1/2 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 1.03 lower to 2 cents higher at 3.31 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
4 1/4 to 9 1/4 cents higher from 7.50 1/2-7.65 1/2 per bushel.  Portland US Soft
White wheat rail was 17 cents lower to 13 3/4 cents higher from 6.52 3/4-6.63
per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 2 cents lower from 3.19-3.23
per bushel.  Kansas City US No 2 truck Yellow Corn was 38 1/4 to 43 1/4 cents
lower from 2.62 3/4-2.67 3/4 per bushel.  Omaha US No 2 truck Yellow Corn was 24
to 28 cents lower from 2.58-2.85 per bushel.  Chicago US No 2 Yellow Corn was 6
1/4 to 13 1/4 cents lower from 2.89 3/4-3.32 3/4 per bushel.  Toledo US No 2
rail Yellow corn was 16 1/4 to 19 1/4 cents lower from 2.98 3/4-3.08 3/4 per
bushel.  Minneapolis US No 2 Yellow corn rail was 1 3/4 cents higher at 2.87 3/4
per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 16 3/4 cents lower at 3.64 1/2 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was 15 cents
higher at 6.50 per bushel.  Portland US 2 Barley, unit trains and Barges-export
was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 9 to 15 cents lower at 4.87
per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 6 cents lower from 5.49-5.67 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 11 3/4 cents higher at 8.84
1/2 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 13 1/4
cents lower to 5 3/4 cents higher from 9.08 1/2-9.14 1/2 per bushel.  Kansas
City US No 2 Yellow truck soybeans were 33 1/4 cents lower at 8.89 1/2 per
bushel.  Illinois 48 percent Soybean meal, processor rail bid was 18.70 to 67.70
lower from 333.70-350.70 per ton.  Central Illinois Crude Soybean oil processor
bid was 5 to 55 points higher from 33.67-35.67 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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