USDA National Grain Review

ST. JOSEPH - Jan 23/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jan 23.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids were mixed for the week, with
wheat and soybeans lower and corn trading higher.  Soybeans were pressured this
week from favorable weather and good growing conditions in South America as
estimates are very good for a big crop.  Last week the Brazilian soybean crop
was increased by 1.5 mmt.  Corn saw some buying interest this week, with weekly
ethanol production showing increased production.  Sorghum is catching some
headlines with good buying demand from China.  Wheat was lower on a rising U.S.
dollar and weak export trade.  Wheat was mostly 2-6 cents lower.  Corn was 2-9
cents higher and sorghum 6-15 cents higher.  Soybeans traded 14-19  cents lower.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 2
3/4-6 1/4 cents lower from 6.56 3/4-6.70 3/4 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 1-5 cents higher from 5.33-5.43 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
4 1/2-5 1/2 cents lower from 7.05 1/2-7.25 1/2 per bushel.  Portland US Soft
White wheat rail was 1 cent higher to 5 cents lower from 6.21 3/4-6.45 per
bushel.
   CORN:  Kansas City US No 2 rail White Corn was 3-7 cents higher from 3.71-
3.79 per bushel.  Kansas City US No 2 truck Yellow Corn was 3 3/4-6 3/4 cents
higher from 3.69 3/4-3.71 3/4 per bushel.  Omaha corn was 2-9 cents higher from
3.61-3.72 per bushel.  Chicago US No 2 Yellow Corn was 3 3/4-4 3/4 cents higher
from 3.65 3/4-3.87 3/4 per bushel.  Toledo US No 2 rail Yellow corn was 1 3/4-3
3/4 cents higher from 3.62 3/4-3.68 3/4 per bushel.  Minneapolis US No 2 Yellow
corn rail was 5 3/4 cents higher at 3.54 3/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 9 1/4 cents higher from 3.06-3.41 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was 10 cents
lower at 7.10 per bushel.  Portland US 2 Barley, unit trains and Barges-export
was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 6 cents higher at 6.85 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 6-15 cents higher from 6.85-7.38 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 14 1/4 cents lower at 9.21
3/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 14 1/4
cents lower from 9.74 3/4-9.91 3/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 14 1/4-19 1/4 cents lower at 9.71 3/4 per bushel.  Illinois 48
percent Soybean meal, processor rail bid was 3.40 higher from 358.10-365.10 per
ton.  Central Illinois Crude Soybean oil processor bid was 87-127 points lower
from 31.62-32.47 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service