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USDA - AMS: Weekly National Grain Market Review (2019-03-29)

USDA U.S. Department of Agriculture - March 29, 2019

SJ_GR851
St. Joseph, MO    Fri Mar 29, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat, corn, sorghum and soybeans were mostly
lower.  Ethanol production for week ending March 22nd totaled 0.975 million barrels
per day, a decrease compared to the week prior.  Most of the lost production would be
due to road closures in the Midwest due to flooding.  Losses in wheat are directly
related to flooding as well as rail transportation issues weren't as widespread as
anticipated ahead of the event.

Export sales for week ending March 21st totaled 35.6 million bushels of corn, 6.7
million bushels of soybeans, and 17.5 million bushels of wheat.  Wheat was 61 1/4
cents lower to 1 cent higher.  Corn was 10 cents lower to 2 3/4 cents higher.
Sorghum was 3 to 4 cents lower.  Soybeans were 18 to 24 cents lower.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 46 1/4
cents lower from 5.60 3/4-5.75 3/4 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 2
cents lower to 1 cent higher from 4.92-4.95 per bushel.  Minneapolis and Duluth US No
1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 61 1/4 cents lower at
6.9 per bushel.  Portland US Soft White wheat rail was steady from 5.90-6.30 per
bushel.

   CORN:  Kansas City US No 2 rail White Corn was 2 3/4 cents lower to 1 1/2 cents
higher from 3.87-3.89 3/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 2
1/4 cents lower to 2 3/4 cents higher from 3.69-3.77 per bushel.  Omaha US No 2
Yellow Corn was 2 to 10 cents lower at 3.64 per bushel.  Chicago US No 2 Yellow Corn
was 2 1/4 to 5 1/4 cents lower from 3.64-3.78 per bushel.  Toledo US No 2 rail Yellow
corn was 1 1/4 cents lower from 3.63-3.67 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 11 to 21 cents lower from 2.94 3/4-3.29 3/4 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 4 cents lower from 6.05-6.14 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 3 to 4 cents lower from 6.07-6.77 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were has no comparison at 8.19 1/2
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 21 to 24 cents
lower from 8.51 1/2-8.66 1/2 per bushel.  Kansas City US No 2 Yellow truck soybeans
were 18 to 21 cents lower from 8.39 1/2-8.62 1/2 per bushel.  Illinois 48 percent
soybean meal, processor rail bid was 7.80 to 8.80 lower from 301.50-308.50 per
bushel.  Central Illinois Crude Soybean oil processor bid was 0.22 to 0.47 points
lower from 27.88-28.13 per cwt.



Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Lonnie Peetz, Market Reporter 816-676-7000  StJoe.LPGMN@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

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