USDA National Grain Review

ST. JOSEPH - Jan 30/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jan 30.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids were lower.  Corn saw pressure
from favorable crop conditions in South America.  Wheat had losses on weak
export demand and plentiful world supplies.  The higher dollar also triggered
losses in the trading pits.  Soybeans saw spillover pressure from other grains
and better than average yields in South America.  Weekly export sales for corn
was listed at a total of 42.7 mb (1,084,200 mt), with 42.1 mb (1,068,200 mt) for
the 2014-2015 marketing year.  Export sales for soybeans came in at 33.4 mb
(909,000 mt) with 32.6 mb (888,200 mt) for the 2014-2015 marketing year.  Wheat
export sales showed a total of 20.8 mb (565,400 mt), with 20.0 mb (544,400 mt)
for the 2014-2015 marketing year.  Wheat was mostly 18-26 cents lower.  Corn was
mostly 10-15 cents lower.  Sorghum 21-22 cents lower.  Soybeans traded 3-9 cents
lower.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 18
3/4 to 20 3/4 cents lower from 6.36-6.52 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 26 cents lower from 5.07-5.17 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 1
1/4 21 1/4 cents lower at 7.04 1/4 per bushel.  Portland US Soft White wheat
rail was not available  per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 13 to 15 cents lower from
3.58-3.64 per bushel.  Kansas City US No 2 truck Yellow Corn was 10 1/4 cents
lower from 3.59 1/2-3.61 1/2 per bushel.  Omaha corn was 4 to 15 cents lower at
3.57 per bushel.  Chicago US No 2 Yellow Corn was 12 1/4 cents lower from 3.53
1/2-3.75 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 10 1/4 to 11 1/2
cents lower from 3.52 1/2-3.57 1/2 per bushel.  Minneapolis US No 2 Yellow corn
rail was 12 1/4 cents lower at 3.42 1/2 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 8 1/2 cents lower from 2.97 1/2-3.32 1/2 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was 35 cents
lower at 6.75 per bushel.  Portland US 2 Barley, unit trains and Barges-export
was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 22 cents lower at 6.63 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 21 to 22 cents lower from 6.63-7.17 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 8 1/2 cents lower at 9.13
1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 8 1/2 to
8 1/2 cents lower from 9.65 1/4-9.83 1/4 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 3 1/2 cents lower at 9.68 1/4 per bushel.  Illinois 48
percent Soybean meal, processor rail bid was 7.80 higher from 365.90-372.90 per
ton.  Central Illinois Crude Soybean oil processor bid was 243 to 258 points
lower from 29.04-30.04 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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