USDA National Grain Review

ST. JOSEPH - Feb 6/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Feb 6.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids were higher.  Soybeans found
support after USDA estimated lower soybean production from Brazil.  Good weekly
export sales also lend a boost to corn and soybeans.  However, favorable crop
conditions in South America limit the gains in the corn and soybean trading
floor.  Wheat saw spillover support from other grains.  Precipitation throughout
much of the growing regions added some pressure, along with the lower outside
markets.  Weekly export sales for corn came in at 33.5 mb (852,000 mt), with
33.3 mb (844,900 mt) for the 2014-2015 marketing year.  Export sales for
soybeans were listed at 18.3 mb (496,800 mt) with 18 mb (489,700 mt) for the
2014-2015 marketing year.  Wheat export sales had a total of 17.9 mb (486,500
mt), with 14.6 mb (397,600 mt) for the 2014-2015 marketing year.  Wheat was
mostly 9-20 cents higher.  Corn was 13-19 cents higher.  Sorghum was 25-+52
cents higher.  Soybeans were 13-22 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12
to 18 cents higher from 6.54-6.64 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 18 to 20 cents higher from 5.25-5.37 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
9 3/4 to 54 3/4 cents higher from 7.14-7.59 per bushel.  Portland US Soft White
wheat rail was not available per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 16 cents higher from 3.74-3.80
per bushel.  Kansas City US No 2 truck Yellow Corn was 15 3/4 cents higher from
3.75 1/4-3.77 1/4 per bushel.  Omaha corn was 16 to 18 cents higher from 3.73-
3.75 per bushel.  Chicago US No 2 Yellow Corn was 13 3/4 to 17 3/4 cents higher
from 3.71 1/4-3.89 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 17 3/4
to 19 3/4 cents higher from 3.70 1/4-3.77 1/4 per bushel.  Minneapolis US No 2
Yellow corn rail was 15 3/4 cents higher at 3.58 1/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 5 1/4 cents higher from 3.02 3/4-3.37 3/4 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis no bid per
bushel.  Portland US 2 Barley, unit trains and Barges-export was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 25 cents higher at 6.88 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 25 to 52 cents higher from 7.15-7.42 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 13 cents higher at 9.26 1/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 15 to 22
cents higher from 9.87 1/4-9.98 1/4 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 18 cents higher at 9.86 1/4 per bushel.  Illinois 48 percent
Soybean meal, processor rail bid was 6.50 lower from 359.40-366.40 per ton.
Central Illinois Crude Soybean oil processor bid was 217 points higher from
31.21-32.21 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service