USDA National Grain Review

ST. JOSEPH - Jun 19/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jun 19.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Soybeans closed with sharp gains as corn and wheat closed with lower bids for
the week.  Soybeans found support from heavy rains from east Texas up through
the Ohio River Valley adding to already saturated fields from Tropical Storm
Bill.  There are nearly 11 million acres of soybeans left to plant with near 7
million acres in states where it is very wet.  There are concerns of acres not
getting planted and production being limited for both soybeans and corn.  Corn
on Monday’s progress report showed 91 percent emerged and 73 percent rated good
to excellent.  Temperatures next week are expected to be hotter which will be
helpful for drying out wet fields.  Wheat closed 13-26 cents lower.  Corn traded
mostly 1-6 cents lower with sorghum 3 cents lower.  Soybeans closed 30-34 cents
higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was
20-25 cents lower from 5.93 1/4-6.23 1/4 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 16 to 26 cents lower from 4.68-4.93 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
2 cents higher to 13 cents lower from 7.14 3/4-7.19 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 3 cents higher from 3.63-3.68
per bushel.  Kansas City US No 2 truck Yellow Corn was 6 1/2-11 1/2 cents higher
at 3.68 per bushel.  Omaha corn was 1-2 cents higher from 3.58-3.61 per bushel.
Chicago US No 2 Yellow Corn was 1 1/2-2 1/2 cents higher from 3.43-3.62 per
bushel.  Toledo US No 2 rail Yellow corn was 1 1/2 cents higher at 3.54 per
bushel.  Minneapolis US No 2 Yellow corn rail was 1/2 cent lower at 3.31 per
bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 1 cent lower from 2.73 3/4-3.13 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 3 cents higher at 7.11 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 3 cents higher from 6.66-7.03 per bushel.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 34 3/4 cents higher at 9.67
3/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 30 3/4-
32 3/4 from 9.95 3/4-10.12 3/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 35 3/4 higher at 10.05 3/4 per bushel.  Illinois 48 percent
Soybean meal, processor rail bid was 13.20 higher from 336.60-346.60 per ton.
Central Illinois Crude Soybean oil processor bid was 104 points lower from
31.75-33.50 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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