STAT Communications Ag Market News

USDA National Grain Review

ST. JOSEPH - Jul 31/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jul 31.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Grain and soybean bids were moderate to sharply lower for the week.  Corn and
soybeans found selling pressure over favorable growing conditions in the next
week.  Concerns that U.S. corn and soybeans are overpriced in the world market
also pressured the market.  Corn crop conditions were rated at 70 percent good
to excellent up from 69 percent last week.  Wheat saw declines with global
supplies plentiful.  Weekly export sales for corn came in neutral at 31.8 mb
(808,200 mt), with 14.4 mb (364,900 mt) for the 2014-2015 marketing year.
Export sales for soybeans were listed at 48.3 mb (1,315,800 mt), with 15.3 mb
(416,700 mt) for the 2014-2015 marketing year.  Wheat export sales were posted
at 25.7 mb (700,400 mt).  Wheat was 21-36 cents lower.  Yellow Corn was 23-30
cents lower.  Sorghum was 53-81 cents lower.  Soybeans were 14-32 cents lower.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 21
to 22 cents lower from 5.66-5.81 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 2551 cents lower from 4.31-4.81 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
36 cents lower from 6.16 3/4-6.56 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 61 to 63 cents lower from
3.56-3.65 per bushel.  Kansas City US No 2 truck Yellow Corn was 24 to 29 cents
lower from 3.68 1/4-3.69 1/4 per bushel.  Omaha US No 2 Yellow Corn was 25 to 26
cents lower from 3.58-3.60 per bushel.  Chicago US No 2 Yellow Corn was 23 to 30
cents lower from 3.63 1/4-3.80 1/4 per bushel.  Toledo US No 2 rail Yellow corn
was 27 to 28 cents lower from 3.74 1/4-3.75 1/4 per bushel.  Minneapolis US No 2
Yellow corn rail was 27 3/4 cents lower at 3.39 1/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 1 1/2 cents lower to 3 1/2 cents higher from 2.55-2.90 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 72 to 81 cents lower from
6.85-6.94 per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid
to the farmer, fob elevator) was 53 to 54 cents lower from 6.51-6.76 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 32 3/4 cents lower at 9.60
1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 14 3/4
to 30 3/4 cents lower from 10.27 1/4-10.45 1/4 per bushel.  Kansas City US No 2
Yellow truck soybeans were 26 3/4 cents lower at 10.08 1/4 per bushel.  Illinois
48 percent Soybean meal, processor rail bid was 10 cents to 3.10 higher from
379.10-387.10 per ton.  Central Illinois Crude Soybean oil processor bid was 66
to 91 points lower from 29.78-30.53 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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