USDA National Grain Review

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

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, corn and soybeans were higher with wheat trading
lower.  Grain bids saw support from concerns of dry weather in parts of the U.S.
and the lower dollar.  Dry and hot weather in Argentina also lend support to
corn and soybeans, along with good export sales.  However, the on-going harvest
is South America limited the gains.  Wheat saw pressure from better than
expected crop ratings and bearish export sales.  Weekly export sales for corn
came in at a total of 18.3 mb (464,000 mt), with 17.1 mb (435,000 mt) for the
2014-2015 marketing year.  Export sales for soybeans were at 26.7 mb (726,000
mt) with 18.6 mb (505,800 mt) for the 2014-2015 marketing year.  Export sales
for wheat listed a total of 6.7 mb (181,700 mt), with 3.8 mb (102,300 mt) for
the 2014-2015 marketing year.  Wheat was mostly 7-29 cents lower.  Corn was 16-
21 cents higher.  Sorghum was 30-32 cents higher.  Soybeans were 12-19 cents
higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 7
1/4 to 9 1/4 cents lower from 6.38-6.53 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 13 to 18 cents lower at 4.99 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
29 1/2 cents lower to 10 1/2 cents higher from 7.33 1/4-7.73 314 per bushel.
Portland US Soft White wheat rail was 10 to 12 3/4 cents lower from 6.15-6.39
1/4 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 16 to 18 cents higher from
3.99-4.07 per bushel.  Kansas City US No 2 truck Yellow Corn was 17 3/4 cents
higher at 3.91 1/4 per bushel.  Omaha corn was 17 to 21 cents higher from 3.86-
3.91 per bushel.  Chicago US No 2 Yellow Corn was 17 3/4 to 19 3/4 cents higher
from 3.78 1/4-3.94 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 17 cents
higher from 3.84 1/4-3.85 1/4 per bushel.  Minneapolis US No 2 Yellow corn rail
was 17 3/4 cents higher at 3.62 1/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 4 3/4 cents higher from 2.92 3/4-3.32 3/4 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 32 cents higher at 8.24 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 30 to 31 cents higher from 7.25-7.68 per bushel.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 17 3/4 cents higher at 9.59
1/2 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 12 3/4
cents higher from 9.77 1/2-9.91 1/2 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 14 3/4 cents to 19 3/4 cents higher at 9.86 1/2 per bushel.
Illinois 48 percent Soybean meal, processor rail bid was 5.90 lower to 2.10
higher from 347.40-348.40 per ton.  Central Illinois Crude Soybean oil processor
bid was 55 to 80 points higher from 30.67-31.67 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service