USDA National Grain Review

ST. JOSEPH - Oct 2/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Oct 2.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids traded higher.  Commodities
started the week lower due to harvest pressure and the stock market closing
sharply lower.  However, the grains recovered in reaction to the lower than
expected supplies from the USDA’s Quarterly Stocks Report on Wednesday.
Soybeans came in at 191 mb, 19 million bushels less than expected; wheat came in
less than expected at 2.052 bb for the 2015 season.  Corn supplies came in as
expected with 1.73 bb.  A lower dollar also lent some support.  Harvest
continues with cash basis becoming weaker in some areas.  Wheat was 13-43 cents
higher.  Corn was 3-14 cents higher.  Sorghum was 10-49 cents higher.  Soybeans
were mostly 7-15 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 17
1/2 cents higher from from 5.53 1/2-5.77 1/2 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 21 cents higher from 4.33-4.78 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
13-43 cents higher from 6.37-6.47 per bushel.  Portland US Soft White wheat rail
traded at 5.48 1/4-5.55 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 6-9 cents higher from 3.85-
3.93 per bushel.  Kansas City US No 2 truck Yellow Corn was 7 1/4-9 1/4 cents
higher from 3.70 3/4-3.71 3/4 cents per bushel.  Omaha US No 2 Yellow Corn was
3-9 cents higher from 3.61-3.63 per bushel.  Chicago US No 2 Yellow Corn was 7
1/4-14 1/4 cents higher from 3.65 3/4-3.93 3/4 per bushel.  Toledo US No 2 rail
Yellow corn was 4 1/4-12 1/4 cents higher from 3.78 3/4-3.79 3/4 per bushel.
Minneapolis US No 2 Yellow corn rail was 12 1/4 cents higher at 3.33 3/4 per
bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 4 3/4 cents higher to 5 1/4 cents lower from 2.31-2.76 per bushel.  US
No 3 or better rail malting Barley, 70 percent or better plump out of
Minneapolis was steady at 4.95 per bushel.  Portland US 2 Barley, unit trains
and Barges-export was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 40 to 49 cents higher at 6.41
per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 10 to 12 cents higher from 6.14-6.41 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 15 1/4 cents higher at 8.42
1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 7 1/4-9
1/4 cents higher from 8.67 1/4-8.85 1/4 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 3/4 ents lower at 8.77 1/4 per bushel.  Illinois 48 percent
Soybean meal, processor rail bid was 1.80 lower to .20 cents higher from 322.60-
327.60 per ton.  Central Illinois Crude Soybean oil processor bid was 14-39
points lower from 25.59-26.84 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service