USDA National Grain Review

ST. JOSEPH - Apr 25/14 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Apr 25.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, wheat and soybean bids were lower, while corn and
sorghum traded higher.  Wheat saw losses as rain fell throughout the Southern
Plains and ample supplies globally.  However, concerns over drought conditions
and fewer wheat acres reported in Canada limit the losses.  Corn saw a boost
from lower than expected plantings coming in at 6 percent nationally but
producers are not worried yet as the crop can get in a short of time with
weather allowing.  Missouri is showing the most advancement on favorable weather
conditions.  Heavy rain moved across the corn-belt later in the week delaying
planting.  Soybeans closed with losses as talk of China declining shipments and
slow demand.  Corn had export sales of 1,001,800 mt (39.9 mb) with 618,900 mt
(24.4 mb) for 2013-2014 marketing year.  Soybeans had weekly sales of 800 mt for
2013-2014 marketing year a marketing year low.  Wheat had export sales of
610,800 mt (22.4 mb) with 3339,100 mt (12.5 mb) foe 2013-2014 marketing year.
Wheat was 3-31 cents lower.  Corn traded 4-8 cents higher.  Sorghum was 6-12
cents higher.  Soybeans closed 39-45 cents lower.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 4
1/2 to 21 1/2 cents lower from 8.74 1/2-9.01 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 3 cents lower from 6.96-7.21 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
11 1/2 to 31 1/2 cents lower at 8.61 1/4 per bushel.  Portland US Soft White
wheat rail was 6 1/4 cents lower to 2 3/4 cents higher from 7.55-7.79 per
bushel.
   CORN:  Kansas City US No 2 rail White Corn was 6 to 7 cents higher from 4.95-
5.02 per bushel.  Kansas City US No 2 truck Yellow Corn was 8 1/2 to 10 1/2
cents higher from 4.96 1/4-5.01 1/4 per bushel.  Omaha US No 2 truck Yellow Corn
was 4 to 8 cents higher at 4.91 per bushel.  Chicago US No 2 Yellow Corn was 6
1/2 cents higher from 4.85 1/4-5.05 1/4 per bushel.  Toledo US No 2 rail Yellow
corn was 6 1/2 cents higher from 4.80 1/4-4.84 1/4 per bushel.  Minneapolis US
No 2 Yellow corn rail was 8 1/2 cents higher at 4.72 1/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 2 1/4 cents lower from 4.41 3/4-4.66 3/4 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was 40 cents
lower at 6.50 per bushel.  Portland US 2 Barley, unit trains and Barges-export
was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 6 cents higher at 8.81 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 11 to 12 cents higher from 8.68-8.77 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 45 cents lower at 14.45 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 42 to 44 cents
lower from 14.80-15.12 per bushel.  Kansas City US No 2 Yellow truck soybeans
were 39 cents lower at 15.02 per bushel.  Central Illinois 48 percent Soybean
meal, processor rail bid was 9.10 to 10.10 cents lower from 507.20-509.20 per
ton.  Central Illinois Crude Soybean oil processor bid was 82 points lower from
42.09-42.59 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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