USDA National Grain Review

ST. JOSEPH - Jan 17/14 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jan 17.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids were higher, with wheat trading
mixed.  Soybeans posted modest gains on good demand and slow producer selling,
along with higher than expected soybean crush.  Soybean crush came in at 165.4
million bushels, up 5.3 million bushels from last month.  Corn continued to see
momentum from the positive USDA report last Friday.  However, plentiful supplies
and lower basis limited the gains.  Wheat found some support with sales to Egypt
and the thought that demand will pick-up.  Weekly export sales for corn totaled
821,000 tonnes all for 2013-2014 marketing year.  Soybeans had export sales of
1,226,800 tonnes with 701,500 tonnes for 2013-2014 marketing year.  Wheat had
export sales of 401,900 tonnes with 319,900 tonnes for 2013-2014 marketing year.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 9
1/2 to 39 1/2 cents lower from 7.34 1/2-7.64 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 10 cents lower at 6.04 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 4
3/4 to 24 3/4 cents higher from 10.24-10.49 per bushel.  Portland US Soft White
wheat rail was 6 1/2 cents lower to 3 1/2 cents higher from 6.72 3/4-6.87 3/4
per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 15 to 17 cents higher from
4.76-4.80 per bushel.  Kansas City US No 2 truck Yellow Corn was 11 to 13 cents
higher from 4.33-4.35 per bushel.  Omaha US No 2 truck Yellow Corn was 10 to 12
cents higher from 4.14-4.21 per bushel.  Chicago US No 2 Yellow Corn was 18 to
31 cents higher from 4.13-4.32 per bushel.  Toledo US No 2 rail Yellow corn was
17 to 18 cents higher from 4.13-4.15 per bushel.  Minneapolis US No 2 Yellow
corn rail was 16 cents higher at 4.09 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 6 cents higher at 4.34 3/4 per bushel.  US No 3 or better rail malting
Barley, 70 percent or better plump out of Minneapolis was 10 cents lower at 5.70
per bushel.  Portland US 2 Barley, unit trains and Barges-export was not
available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 37 cents higher at 7.64 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 29 to 31 cents higher from 7.38-7.65 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 41 1/4 cents higher at
12.77 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 36 1/4
to 46 1/4 cents higher from 13.25-13.45 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 29 1/4 cents higher at 13.33 per bushel.  Central Illinois
48 percent Soybean meal, processor rail bid was 15.70 to 17.70 higher from
487.00-493.00 per ton.  Central Illinois Crude Soybean oil processor bid was 16
to 66 points lower from 34.80-35.05 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

---

STAT News Service