ST. JOSEPH - Jan 3/14 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jan 3.
WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to last week, grains all started out the New Year trading lower. Soybeans posted the most declines as persistent rains and favorable growing conditions in South America, as Brazil is expected to produce a record soybean crop this year. A large US corn crop has resulted in substantial declines. Wheat prices continue to be pressured by large global wheat supplies. Wheat was mostly 4-13 cents lower. Corn traded 2-9 cents lower with Sorghum trading 10-11 cents lower. Soybeans closed 33-48 cents lower. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 8 1/4-13 1/4 cents lower from 7.36 1/4-7.81 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 4 cents lower at 6.32 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 18 cents lower to 52 cents higher from 8.05 1/4-9.00 1/4 per bushel. Portland US Soft White wheat rail was 7-16 cents higher from 6.82-6.97 per bushel. CORN: Kansas City US No 2 rail White Corn was 7 cents lower from 4.64-4.71 per bushel. Kansas City US No 2 truck Yellow Corn was 5 3/4 cents lower from 4.18 1/2-4.22 1/2 per bushel. Omaha US No 2 truck Yellow Corn was 2 cents lower at 4.16 per bushel. Chicago US No 2 Yellow Corn was 3/4 cents higher to 6 1/4 cents lower from 4.00 1/2-4.24 1/2 per bushel. Toledo US No 2 rail Yellow corn was 6 3/4-9 3/4 cents lower from 4.02 1/2-4.06 1/2 per bushel. Minneapolis US No 2 Yellow corn rail was 4 3/4 cents lower at 4.00 1/2 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 1 3/4 cents lower at 3.86 per bushel. US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis was 20 cents lower at 5.80 per bushel. Portland US 2 Barley, unit trains and Barges-export was not available. SORGHUM: US No 2 yellow truck, Kansas City was 10 cents lower at 7.42 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 10 to 11 cents lower from 7.24-7.49 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans were 48 1/4 cents lower at 12.20 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 36 3/4-38 3/4 cents lower from 12.80-12.95 per bushel. Kansas City US No 2 Yellow truck soybeans were 33 3/4 cents lower at 12.85 per bushel. Central Illinois 48 percent Soybean meal, processor rail bid was 20.20-31.20 lower from 466.80- 480.80 per ton. Central Illinois Crude Soybean oil processor bid was 32-57 points lower from 35.80-36.55 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.