STAT Communications Ag Market News

USDA National Grain Review

ST. JOSEPH - May 8/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 8.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Grain and soybean bids traded mixed for the week.  Heavy rain moved across
the southern plains and corn-belt pressuring the market.  Concerns over the bird
flu also weighed in the corn trading floor.  The lower U.S. dollar was positive
news for the grains.  Planting this week was slow, however, farmers made major
gains last week as the weather was favorable with 55 percent of the corn crop
completed.  Soybeans saw a boost from good export demand.  The soybean crop was
13 percent planted.  Wheat saw additional declines from the bearish export
sales.  Quality concerns for the HRW wheat lend some support. 43 percent of the
winter wheat headed out and 43 percent of the crop rated good to excellent.
Weekly export sales for corn came in at 35.3 mb (897,200 mt), with 33.1 mb
(841,800 mt) for the 2014-2015 marketing year.  Export sales for soybeans were
listed at 25.3 mb (689,200 mt) with 12.5 mb (338,900 mt) for the 2014-2015
marketing year.  Wheat export sales were at 11.0 mb (298,600 mt) with a decrease
of 5.4 mb (148,200 mt) for the 2014-2015 marketing year.  Wheat was 25 cents
lower to 25 cents higher.  Corn was mostly 1-8 cents lower.  Sorghum was 2 cents
to 1.15 lower.  Soybeans were 6 cents lower to 2 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was
3/4 to 3 3/4 cents higher from 5.81 3/4-5.96 3/4 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 steady to 3 cents higher from 4.67-4.72 per bushel.
Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent
protein rail, was 25 cents lower to 25 cents higher from 6.98-7.53 per bushel.
Portland US Soft White wheat rail was 1 1/4 cents lower to 5 cents higher from
5.85-6.02 3/4 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 1cent lower from 3.64-3.70 per
bushel.  Kansas City US No 2 truck Yellow Corn was 2 3/4 cents lower at 3.64 1/2
per bushel.  Omaha corn was 1 cents lower from 3.62-3.65 per bushel.  Chicago US
No 2 Yellow Corn was 2 to 3 cents lower from 3.46 1/2-3.68 1/2 per bushel.
Toledo US No 2 rail Yellow corn was 4 3/4 to 8 cents lower from 3.49 1/2-3.59
1/2 per bushel.  Minneapolis US No 2 Yellow corn rail was 2 cents higher at 3.51
1/2 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 11 cents lower from 2.47 1/2-2.87 1/2 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 1.15 lower at 6.46 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 2 to 7 cents lower from 6.72-7.11 per bushel.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 2 1/2 cents higher at 9.75
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 1/2 to 6 1/2
cents lower from 9.87-10.00 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 3 1/2 cents lower at 9.95 per bushel.  Illinois 48 percent Soybean
meal, processor rail bid was 4.50 to 14.50 lower from 324.40-326.40 per ton.
Central Illinois Crude Soybean oil processor bid was 98 to 123 points higher
from 31.99-32.99 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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