ST. JOSEPH - Feb 6/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Feb 6.
WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to last week, grain and soybean bids were higher. Soybeans found support after USDA estimated lower soybean production from Brazil. Good weekly export sales also lend a boost to corn and soybeans. However, favorable crop conditions in South America limit the gains in the corn and soybean trading floor. Wheat saw spillover support from other grains. Precipitation throughout much of the growing regions added some pressure, along with the lower outside markets. Weekly export sales for corn came in at 33.5 mb (852,000 mt), with 33.3 mb (844,900 mt) for the 2014-2015 marketing year. Export sales for soybeans were listed at 18.3 mb (496,800 mt) with 18 mb (489,700 mt) for the 2014-2015 marketing year. Wheat export sales had a total of 17.9 mb (486,500 mt), with 14.6 mb (397,600 mt) for the 2014-2015 marketing year. Wheat was mostly 9-20 cents higher. Corn was 13-19 cents higher. Sorghum was 25-+52 cents higher. Soybeans were 13-22 cents higher. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12 to 18 cents higher from 6.54-6.64 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 18 to 20 cents higher from 5.25-5.37 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 9 3/4 to 54 3/4 cents higher from 7.14-7.59 per bushel. Portland US Soft White wheat rail was not available per bushel. CORN: Kansas City US No 2 rail White Corn was 16 cents higher from 3.74-3.80 per bushel. Kansas City US No 2 truck Yellow Corn was 15 3/4 cents higher from 3.75 1/4-3.77 1/4 per bushel. Omaha corn was 16 to 18 cents higher from 3.73- 3.75 per bushel. Chicago US No 2 Yellow Corn was 13 3/4 to 17 3/4 cents higher from 3.71 1/4-3.89 1/4 per bushel. Toledo US No 2 rail Yellow corn was 17 3/4 to 19 3/4 cents higher from 3.70 1/4-3.77 1/4 per bushel. Minneapolis US No 2 Yellow corn rail was 15 3/4 cents higher at 3.58 1/4 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 5 1/4 cents higher from 3.02 3/4-3.37 3/4 per bushel. US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis no bid per bushel. Portland US 2 Barley, unit trains and Barges-export was not available. SORGHUM: US No 2 yellow truck, Kansas City was 25 cents higher at 6.88 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 25 to 52 cents higher from 7.15-7.42 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans were 13 cents higher at 9.26 1/4 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 15 to 22 cents higher from 9.87 1/4-9.98 1/4 per bushel. Kansas City US No 2 Yellow truck soybeans were 18 cents higher at 9.86 1/4 per bushel. Illinois 48 percent Soybean meal, processor rail bid was 6.50 lower from 359.40-366.40 per ton. Central Illinois Crude Soybean oil processor bid was 217 points higher from 31.21-32.21 cents per pound. SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
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STAT News Service
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