ST. JOSEPH - Aug 21/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Aug 21.
WEEKLY NATIONAL GRAIN MARKET REVIEW Grain and soybean bids were mixed for the week. Corn found support from the lower corn yield estimates in the eastern corn-belt as the Pro-Farmer tour continues this week across the Midwest. Soybeans closed lower on good weather conditions as temperatures have cooled down and rain fell across the Midwest beneficial for filling pods. Wheat was lower on expected spring wheat harvest progress. The Pro-Farmer tour had results in Ohio at 148.4 bpa compared to the 3 year average of 154.8 bpa and in South Dakota with 165.9 bpa compared to the 3 year average of 129.6 bpa. Illinois corn crop was estimated at 171.6 bpa near the same as USDAs estimate. The tour continues through Iowa and Minnesota. The NOPA Crush Report for July came in at 145.23 million bushels, which was more than expected and a record high for the month. Soybean oil stocks came in more than expected at 1.62 billion pounds. Wheat was mostly 4-25 cents lower. Corn was mostly 7-15 cents higher. Sorghum was 7 cents lower to 13 cents higher. Soybeans were 19-39 cents lower. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 4 cents lower from 5.61 1/4-5.86 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 12 to 17 cents lower from 4.16-4.76 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 25 1/4 cents lower from 6.03-6.08 per bushel. Portland US Soft White wheat rail was 8 cents higher 5.61 1/4-5.66 1/4 per bushel. CORN: Kansas City US No 2 rail White Corn was 7 to 12 cents higher from 3.67-3.72 per bushel. Kansas City US No 2 truck Yellow Corn was 9 1/4 to 12 1/4 cents higher at 3.73 per bushel. Omaha US No 2 Yellow Corn was 9 to 15 cents higher from 3.63-3.71 per bushel. Chicago US No 2 Yellow Corn was 1 1/4 cents higher from 3.64-3.79 per bushel. Toledo US No 2 rail Yellow corn was 7 1/4 cents higher at 3.76 per bushel. Minneapolis US No 2 Yellow corn rail was 12 1/4 cents higher at 3.41 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 6 1/2 cents lower from 2.36 1/2-2.76 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 4 to 13 cents higher at 6.74 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 79 cents lower to 13 cents higher from 6.35-6.73 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans were 39 3/4 cents lower at 8.72 1/4 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 19 3/4 to 34 3/4 cents lower from 9.57 1/4-9.67 1/4 per bushel. Kansas City US No 2 Yellow truck soybeans were 24 3/4 cents lower at 9.57 1/4 per bushel. Illinois 48 percent Soybean meal, processor rail bid was steady to 1.00 lower from 352.90-355.90 per ton. Central Illinois Crude Soybean oil processor bid was 101 to 126 points lower from 27.48-28.98 cents per pound. SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
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STAT News Service
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