USDA National Grain Review

ST. JOSEPH - Feb 27/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Feb 27.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, Soybeans had good gains on sharply higher soybean meal
and bullish export sales.  A Brazilian truckers strike also helped to boost
soybean prices.  Corn found selling pressure this week, along with wheat as the
US dollar remains strong and competition from overseas suppliers.  Corn had
export sales 34 mb with 28.2 mb for 2014-2015 marketing year.  Soybeans had
weekly export sales of 18.2 mb with 16.9 mb for 2014-2015 marketing year.  Wheat
had weekly export sales of 16.9 mb with 12.1 mb for 2014-2015 marketing year.
Wheat was mostly 9-27 cents lower.  Yellow Corn was mostly 2-10 cents lower with
sorghum trading 17 cents lower.  Soybeans were 11 3/4-36 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 15
cents lower from 6.21 1/2-6.31 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 24-27 cents lower from 5.03-5.12 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 8
3/4- 42 3/4 cents lower from 7.16 3/4-7.56 3/4 per bushel.  Portland US Soft
White wheat rail was not available per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 2 to 4 cents lower from 3.80-
3.87 per bushel.  Kansas City US No 2 truck Yellow Corn was 3 3/4-4 3/4 cents
lower from 3.77-3.80 per bushel.  Omaha corn was steady to 5 cents lower from
3.75-3.80 per bushel.  Chicago US No 2 Yellow Corn was 9 3/4 cents lower from
3.64-3.82 per bushel.  Toledo US No 2 rail Yellow corn was 8 1/4-9 3/4 cents
lower 3.68 1/2-3.72 per bushel.  Minneapolis US No 2 Yellow corn rail was 3 3/4
cents lower at 3.59 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 4 1/2 cents higher from 2.96 1/2-3.36 1/2 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was 2.70 per
bushel.  Portland US 2 Barley, unit trains and Barges-export was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 17 cents lower at 6.79 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was not available.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 36 3/4 cents higher at 9.89
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 11 3/4-16
3/4 cents higher from 10.29-10.39 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 11 3/4 cents higher at 10.34 per bushel.  Illinois 48 percent
Soybean meal, processor rail bid was 4.10-7.10 higher from 380.60-386.60 per
ton.  Central Illinois Crude Soybean oil processor bid was 24 points lower from
31.09-31.84 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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