ST. JOSEPH - May 22/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 22.
WEEKLY NATIONAL GRAIN MARKET REVIEW Grain and soybean bids were mixed, with the higher U.S. dollar pressuring the grains early. Heavy rain moved across the Southern Plains and Midwest supporting the wheat market due to possible quality concerns. The recent moisture pressured the corn market as most of the crop is planted and emergence is ahead of the five year average. Planting progress was 85 percent complete for corn and 45 percent for soybeans early in the week. Planting was slow this week as conditions were unfavorable. Freezing temperatures were reported in parts of Northern Plains supporting the market. Soybeans were lower as the record harvest in Brazil triggered the losses. Weekly export sales for corn were bullish coming in at 35.2 mb (893,300 mt), with 32.0 mb (812,600 mt) for the 2014-2015 marketing year. Export sales for soybeans were good coming in at 8.9 mb (243,000 mt) with 6.1 mb (165,500 mt) for the 2014-2015 marketing year. Wheat sales were bearish and were listed at 7.4 mb (202,600 mt) with 2.7 mb (74,400 mt) for the 2014-2015 marketing year. Wheat was 8-26 cents higher. Corn was mostly 3-10 lower. Sorghum was 7 cents lower to 66 cents higher. Soybeans were 13-25 cents lower. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 24 1/2 to 26 1/2 cents higher from 6.57 3/4-6.77 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 8 cents higher from 5.17-5.22 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 11 3/4 cents higher from 7.68 1/4-7.88 1/4 per bushel. Portland US Soft White wheat rail was not available per bushel. CORN: Kansas City US No 2 rail White Corn was 3 to 4 cents lower from 3.61- 3.68 per bushel. Kansas City US No 2 truck Yellow Corn was 3 to 4 cents lower from 3.65-3.67 per bushel. Omaha corn was 8 cents lower from 3.60-3.62 per bushel. Chicago US No 2 Yellow Corn was 3 to 12 cents lower from 3.50-3.69 per bushel. Toledo US No 2 rail Yellow corn was 3 cents lower to 4 cents higher at 3.61 per bushel. Minneapolis US No 2 Yellow corn rail was 10 cents lower at 3.39 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 3 1/4 cents lower from 2.59 1/4-2.99 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 66 cents higher at 7.23 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 5 to 7 cents lower from 6.79-7.15 per bushel. OILSEEDS: Minneapolis Yellow truck soybeans were 25 1/2 cents lower at 9.31 1/2 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 13 1/2 to 16 1/2 cents lower from 9.63 1/2-9.71 1/2 per bushel. Kansas City US No 2 Yellow truck soybeans were 14 1/2 cents lower at 9.60 1/2 per bushel. Illinois 48 percent Soybean meal, processor rail bid was 10 cents lower to 6.90 higher from 310.10-324.10 per ton. Central Illinois Crude Soybean oil processor bid was 59 to 84 points lower from 32.00-33.25 cents per pound. SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
---
STAT News Service
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.