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USDA - AMS: Weekly National Grain Market Review (2019-02-08)

USDA U.S. Department of Agriculture - February 8, 2019

SJ_GR851
St. Joseph, MO    Fri Feb 08, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat were steady to higher, corn was mixed,
soybeans and sorghum were mostly higher.  Ethanol production for the week ending
February 1st 2019 saw another drop of around 45,000 barrels per day compared to the
week prior, putting ethanol stocks to 23.9 million barrels.   USDA said export sales
and shipments figures for week ending December 27th totaled 19.8 million and 39.6
million bushels of corn, and 38.6 million and 33.8 million bushels of soybeans.
Wheat was 3 cents lower to 35 cents higher.  Corn was 1 cent lower to 2 cents higher.
Sorghum was 2 cents higher.  Soybeans were 2 cents lower to 3 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 2 3/4
cents lower from 6.06 1/4-6.21 1/4 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
steady to 1 cent higher from 5.46-5.48 per bushel.  Minneapolis and Duluth US No 1
Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 24 1/2 to 34 1/2 cents
higher at 7.24 1/2 per bushel.  Portland US Soft White wheat rail was steady to 8
cents higher from 6.35-6.58 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 1 1/4 cent lower to 1/2 cent higher
from 3.91 1/4-3.95 1/4 per bushel.  Kansas City US No 2 truck Yellow Corn was steady
to 2 cents higher from 3.63 1/2-3.74 1/2 per bushel.  Omaha US No 2 Yellow Corn was 2
cents lower to 2 cents higher from 3.62-3.65 per bushel.  Chicago US No 2 Yellow Corn
was steady from 3.41 1/2-3.58 1/2 per bushel.  Toledo US No 2 rail Yellow corn was
steady to 2 cents higher from 3.66 1/2-3.67 1/2 per bushel.  Minneapolis US No 2
Yellow corn rail was not quoted.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 1 1/4 cent lower from 3.09 1/4-3.41 1/4 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was not quoted.
Portland US 2 Barley, unit trains and Barges-export was not quoted.

   SORGHUM:  US No 2 yellow truck, Kansas City was steady to 2 cents higher from
5.83-6.03 per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to
the farmer, fob elevator) was steady to 2 cents higher from 6.20-6.71 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were not quoted.  Illinois Processors
US No 1 Yellow truck soybeans were 2 cents lower to 3 cents higher from 8.80 1/4-8.93
1/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 2 cents lower from
8.48 1/4-8.73 1/4 per bushel.  Illinois 48 percent soybean meal, processor rail bid
was 4.50 to 5.50 lower from 300.50-307.50 per bushel.  Central Illinois Crude Soybean
oil processor bid was 0.64 to 0.64 points higher from 30.01-30.31 per cwt.







Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        , Market Reporter 816-676-7000  StJoe.LGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/SJ_GR851.txt
        For more Grain Market News:
        https://www.ams.usda.gov/market-news/livestock-poultry-grain

    743C

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