ST. JOSEPH - Apr 24/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Apr 24.
WEEKLY NATIONAL GRAIN MARKET REVIEW Wheat and soybeans were higher with corn and sorghum trading lower. Soybeans saw gains with demand picking up domestically. Corn was pressured by favorable weather outlook in parts of the Midwest as planting is gaining steam. Early in the week planting was at a standstill due to heavy rain in parts of the corn- belt. Planting progress was at 9 percent complete. A cool front moved in with temperatures dropping into the 30s. Some light snow was reported in the upper Midwest. Wheat closed in positive territory despite moisture in the Southern Plains. Weekly export sales of corn were bullish coming in at 34.4 mb (874,100 mt), with 34.2 mb (867,900 mt) for the 2014-2015 marketing year. Export sales of soybeans were neutral listed at 4.0 mb 110,200 mt) with 3.8 mb (102,100 mt) for the 2014-2015 marketing year. Wheat export sales were at 19.3 mb (524,200 mt) with 14.6 mb (397,500 mt) for the 2014-2015 marketing year. Wheat was mostly 3-15 cents higher. Corn was mostly 1-7 cents lower. Sorghum was 10 cents lower. Soybeans were 14-17 cents higher. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 11 1/4 cents higher from 6.04 1/2-6.14 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 higher at 4.97 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 15 1/4 cents higher from 6.75 1/4-7.20 1/4 per bushel. Portland US Soft White wheat rail was steady to 3 1/4 cents lower from 5.90-6.31 1/4 per bushel. CORN: Kansas City US No 2 rail White Corn was steady to 3 cents lower from 3.75-3.83 per bushel. Kansas City US No 2 truck Yellow Corn was 1 1/2 cents lower at 3.74 3/4 per bushel. Omaha corn was 1 to 2 cents lower from 3.69-3.73 per bushel. Chicago US No 2 Yellow Corn was 5 1/2 cents lower from 3.57 3/4- 3.78 3/4 per bushel. Toledo US No 2 rail Yellow corn was 3 1/2 cents lower from 3.65 3/4-3.71 3/4 per bushel. Minneapolis US No 2 Yellow corn rail was 7 1/2 cents lower at 3.56 3/4 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 6 3/4 cents lower from 2.66 1/4-3.06 1/4 per bushel. US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis was at 6.35 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 7.87 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 10 cents lower from 6.89-7.32 per bushel. OILSEEDS: Minneapolis Yellow truck soybeans were 15 1/4 cents higher at 9.67 1/4 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 14 1/4 cents higher from 9.93 1/4-10.00 1/4 per bushel. Kansas City US No 2 Yellow truck soybeans were 17 1/4 cents higher at 9.98 1/4 per bushel. Illinois 48 percent Soybean meal, processor rail bid was 4.20 higher from 330.60-338.60 per ton. Central Illinois Crude Soybean oil processor bid was 51 points higher from 31.52-32.27 cents per pound. SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
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STAT News Service
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