USDA National Grain Review

ST. JOSEPH - Mar 13/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Mar 13.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids were mixed.  Corn saw some
pressure from the higher U.S. dollar.  However, good demand is also boosting
prices.  Wheat saw support from the USDA report and weather concerns in some
areas of the winter wheat areas as the crop is coming out of dormancy.  The
higher outside markets also lend support to the grains.  Field work is finally
emerging in some areas of the corn-belt as temperatures have warmed up in the
last week.  Harvest in South America continues due to favorable weather.
Brazils harvest was at 41 percent complete with record yields reported.  The
USDA released the monthly supply and demand report listing corn 1.78 billion
bushels, which was less than was expected.  Global ending stocks were lower than
expected at 185.28 mmt.  Soybean estimates were unchanged in March, at 385
million bushels.  World ending stocks increased more than expected at 89.53 mmt.
Wheat ending stocks came in at 691 million bushels with world ending stocks at
197.71 mmt.  Weekly export sales for corn totaled 20.3 mb (514,400 mt), with
16.5 mb (418,000 mt) for the 2014-2015 marketing year.  Export sales for
soybeans were listed at 7.3 mb (198,700 mt) with 6.2 mb (167,900 mt) for the
2014-2015 marketing year. Wheat exports came in at 18.1 mb (493,200 mt), with
16.4 mb (445,200 mt) for the 2014-2015 marketing year.  Wheat was mostly 4-35
cents higher.  Corn was 2 cents lower to 9 cents higher.  Sorghum was 3-4 cents
lower.  Soybeans were 5-10 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 35
cents higher from 6.41 1/2-6.51 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 27 cents higher from 5.07-5.12 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 24
to 84 3/4 cents lower from 7.19 1/2-7.94 1/2 per bushel.  Portland US Soft White
wheat rail was 4 1/2 to 21 3/4 cents higher from 6.25-6.47 1/4 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 8 to 9 cents higher from 3.96-
4.02 per bushel.  Kansas City US No 2 truck Yellow Corn was 1 to 5 cents higher
at 3.86 1/2 per bushel.  Omaha corn was steady to 1 cent lower at 3.83 per
bushel.  Chicago US No 2 Yellow Corn was steady to 2 cents lower from 3.72 1/2-
3.87 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 5 to 7 cents higher
3.75 1/2-3.84 1/2 per bushel.  Minneapolis US No 2 Yellow corn rail was 2 cents
lower at 3.59 1/2 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 5 1/4 cents lower from 2.96 1/4-3.36 1/4 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was not
available per bushel.  Portland US 2 Barley, unit trains and Barges-export was
not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 4 cents lower at 8.22 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 3 to 4 cents lower from 7.20-7.22 per bushel.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 5 cents higher at 9.53 1/2
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 5 to 6 cents
higher from 9.93 1/2-10.05 1/2 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 5 to 10 cents higher from 9.95 1/2 to 10.00 1/2 per bushel.
Illinois 48 percent Soybean meal, processor rail bid was 60 cents lower to 1.40
higher from 359.60-366.60 per ton.  Central Illinois Crude Soybean oil processor
bid was 45 to 70 points lower from 30.12-31.37 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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