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USDA-SJ: Daily National Grain Market Summary

St. Joseph, MO - Tue, Sep 12, 2017 - USDA-MO Dept of Ag Market News

   Daily National Grain Market Summary
   Compared to yesterday, corn, soybeans and sorghum traded lower with wheat
trading mixed.  The WASDE report released was the main focus in today’s
trade.  USDA unexpectedly raised the yield estimate for corn and soybeans,
putting ending stock estimates of corn at 2.335 billion bushels and soybeans
at 345 million bushels putting bearish pressure on both markets.  USDA also
lowered world ending wheat stocks from 264.69 mmt to 263.14 mmt lending some
support to the wheat market.  Wheat was mostly 7 cents higher.  Corn was 6
cents lower.  Soybeans were mostly 9 cents lower.  Sorghum was 10 cents
lower.

                            DATE               CHANGE                 YEAR AGO
TRUCK BIDS:                 9/12/2017         9/11/2017              9/13/2016

Wheat:
   Kansas City (HRW ORD)    3.7175-3.7575     UP 7.00               3.3075-3.3500
   Minneapolis              6.4175            DN 0.50                  4.9825
   Portland (SWW)           4.9000-5.2000       UNCH                4.7500-4.8100
   St. Louis (SRW)          4.2300-4.2700     UP 9.00-UP 7.00       3.6500-4.1100

Corn, US No 2 Yellow:
   Kansas City              3.2350            DN 6.00               2.9800-3.0100
   Minneapolis              2.9850            DN 6.00               2.9800-3.0100
   So. Iowa                 3.1350-3.1850     DN 6.00               2.9400-3.0000
   Omaha                    3.1500-3.1900     DN 6.00               2.9500-2.9700

Soybeans, US No 1 Yellow:
   Kansas City              9.2050            DN 9.50                  9.7200
   Minneapolis              8.9850            DN 9.50                  9.1100
   So. Iowa                 9.2250-9.3350     DN 9.50               9.3900-9.5400
   Cent. Il Processor       9.2550-9.5050     DN 14.50              9.6400-9.8400

FUTURES:
   Kansas City Wheat (Dec)  4.4175            UP 7.00                  4.1575
   Minneapolis Wheat (Dec)  6.4175            DN 0.50                  4.9325
   Chicago Wheat     (Dec)  4.4200            UP 7.25                  4.0100
   Chicago Corn      (Dec)  3.5150            DN 6.00                  3.3000
   Chicago Soybeans  (Nov)  9.5050            DN 9.50                  9.4400

*EXPORT BIDS:  Barge bids out of the Port of New Orleans,
or Rail out of the North Texas Gulf. Bids Per bushel, except sorghum per cwt.

US 1 HRW Wheat Ord Protein:
                            4.6175-5.1675     UP 7.00               3.9225-4.2725
US 2 Soft Red Winter Wheat
                            4.7200-4.7700     UP 7.25               4.2600-4.3300
Corn
  Barge                     3.7050-3.7350     DN 6.00               3.6700-3.7700
US 2 Sorghum
  Rail                      7.3475-7.7950     DN 10.75              6.1600-6.7850
  Barge                     n/a                                        6.0725
US 2 Yellow Soybeans
  Barge                     9.8650-9.9350     DN 9.50               10.3100-10.5600

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
  Joe Toeniskoetter , Market Reporter (816)676-7000
         www.ams.usda.gov/LSMarketNews
          3:15:25 PM  jmt

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