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USDA-SJ: Daily National Grain Market Summary

St. Joseph, MO - Thu, Jul 12, 2018 - USDA-MO Dept of Ag Market News


Daily National Grain Market Summary

   Compared to yesterday, cash bids for wheat were steady to higher, corn and sorghum
were higher, and soybeans were mixed.  USDAs next round of World Agricultural Supply
and Demand Estimates report was released today and fueled much of todays trading.
These new reports put US ending stocks for old crop corn at 1.552 billion bushels and
new crop at 2.027 billion bushels, old crop soybeans estimated at 465 million bushels
with new crop totaling 580 million bushels. New US ending stocks could be viewed as
bullish for corn and neutral for soybeans.  Average yield for soybeans was increased
to 48.5 bushels per acre,  and corn yield was unchanged at 174 bushels per acre.
Wheat was steady to 13 cents higher.  Corn was 5 3/4 to 9 3/4 cents higher.  Soybeans
were mixed from 7 1/4 cent lower to 3/4 of a cent higher. Sorghum was 10 1/2 cents
higher.


                             DATE               CHANGE                 YEAR AGO
TRUCK BIDS:                  7/12/2018         7/11/2018              7/13/2017

Wheat:
   Kansas City (HRW ORD)     5.1125            UP 7.25               4.7550-4.7650
   Minneapolis               5.6550              UNCH                   7.6450
   Portland (SWW)            5.8500-6.0800     UP 5.00-UNCH          5.2175-5.3500
   St. Louis (SRW)           4.9100-5.0900     UP 13.00              5.1300-5.1600

Corn, US No 2 Yellow:
   Kansas City               3.4875            UP 5.75               3.4275-3.4475
   Minneapolis               3.0175            UP 5.75                  3.1775
   So. Iowa                  3.2075-3.2575     UP 9.75-UP 7.75       3.3075-3.3575
   Omaha                     3.2800-3.3000     UP 7.00-UP 6.00       3.3300-3.3500

Soybeans, US No 1 Yellow:
   Kansas City               8.2375-8.2875     UP 0.75                  9.5050
   Minneapolis               7.8175            DN 4.25                  9.3650
   So. Iowa                  8.0475-8.0775     DN 3.25-DN 7.25       9.3650-9.4650
   Cent. Il Processor        8.2175-8.4975     UP 0.75               9.6150-9.7050

FUTURES:
   Kansas City Wheat  (Sep)  4.8125            UP 7.25                  5.1550
   Minneapolis Wheat  (Sep)  5.3050            UP 5.00                  7.4950
   Chicago Wheat      (Sep)  4.8450            UP 12.75                 5.1175
   Chicago Corn       (Sep)  3.4575            UP 5.75                  3.6975
   Chicago Soybeans   (Aug)  8.3375            UP 0.75                  9.7550

*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
                             5.6625            UP 7.25               5.1550-5.9050
US 2 Soft Red Winter Wheat
                             5.3450-5.4150     UP 12.75              5.4675-5.4975
Corn
  Barge                      3.8575-3.9475     UP 5.75-UP 9.75       3.8475-3.8975
US 2 Sorghum
  Rail                       6.5925            UP 10.50              7.5525-7.5900
  Barge                      n/a               No Comp                   n/a
US 2 Yellow Soybeans
  Barge                      8.8575-8.8775     DN 1.25-DN 0.25       10.0050-10.0750


Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Joe Toeniskoetter, Market Reporter 816-676-7000   StJoe.LGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/SJ_GR850.txt
        For more Grain Market News:
        https://www.ams.usda.gov/market-news/livestock-poultry-grain

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