USDA National Grain Review

ST. JOSEPH - May 1/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 1.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Grain bids were lower with soybeans trading slightly higher for the week.
Wheat closed with solid losses after beneficial rains fell across the
Southwestern Plains.  The bearish weekly export sales also added pressure.  Corn
saw declines on good planting weather for most of the corn-belt.  The planting
progress report came in at 19 percent complete early in the week.  However, with
the weather forecast calling for dry weather ahead, it’s possible that number
will more than double by early May.  Soybeans had slight gains on commercial
buying and good export sales.  The lower U.S. dollar also provided support to
the grains.  Weekly export sales for corn came in bullish at 37.2 mb (945,800
mt), with 32.8 mb (832,500 mt) for the 2014-2015 marketing year.  Export sales
for soybeans were good coming in at 11.6 mb (314,900 mt) with 15.9 mb (433,400
mt) for the 2014-2015 marketing year.  Wheat export sales totaled 14.8 mb
(403,700 mt) with a decrease of 16.5 mb (449,200 mt) for the 2014-2015 marketing
year.  Wheat was mostly 10-30 cents lower.  Yellow Corn was 6-8 cents lower.
Sorghum was 15-26 cents lower.  Soybeans were 1/4 to 5 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 21
1/2 to 23 1/2 cents lower from 5.81-5.93 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 28 to 30 cents lower from 4.67-4.69 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
52 1/4 cents lower to 7 3/4 cents higher from 7.23-7.28 per bushel.  Portland US
Soft White wheat rail was 10 to 27 1/4 cents lower from 5.80-6.04 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 10 to 12 cents lower from
3.65-3.71 per bushel.  Kansas City US No 2 truck Yellow Corn was 7 1/2 cents
lower at 3.67 1/4 per bushel.  Omaha corn was 6 to 7 cents lower from 3.63-3.66
per bushel.  Chicago US No 2 Yellow Corn was 8 1/4 cents lower from 3.49 1/2-
3.70 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 7 1/2 to 8 1/4 cents
lower from 3.57 1/2-3.64 1/4 per bushel.  Minneapolis US No 2 Yellow corn rail
was 7 1/4 cents lower at 3.49 1/2 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 7 cents lower from 2.59 1/4-2.99 1/4 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was steady 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 26 cents lower at 7.61 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 14 to 15 cents lower from 6.74-7.18 per bushel.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 5 1/4 cents higher at 9.72
1/2 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 1/4
cents higher from 9.93 1/2-10.00 1/2 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 1/4 cents higher at 9.98 1/2 per bushel.  Illinois 48
percent Soybean meal, processor rail bid was 1.70 lower to 2.30 higher from
328.90-340.90 per ton.  Central Illinois Crude Soybean oil processor bid was 51
points lower from 31.01-31.76 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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