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USDA - AMS: Weekly National Grain Market Review (2019-04-05)

USDA U.S. Department of Agriculture - April 5, 2019

SJ_GR851
St. Joseph, MO    Fri Apr 05, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for soybeans were higher; wheat was mixed while
corn and sorghum was lower.  Ethanol production for week ending March 29th totaled
0.999 million barrels per day, a slight inccrease compared to the week prior.
According to analysts, 10-15 percent of total US Ethanol production is offline due to
the flooding in the Plains, with most of the lost production in Northeast Nebraska.
As the calendar turns to April now, planting delays are now creeping into the
forefront as waterlogged, cold soil is a concern.  Days suitable for fieldwork in the
"I" states for week ending March 31 averaged less than 1 day.

Export sales for week ending March 28th totaled 21.2 million bushels of corn, 72.4
million bushels of soybeans, and 25.9 million bushels of wheat.  Wheat was 57 3/4
cents lower to 10 cents higher.  Corn was 3 3/4 to 9 1/4 cents lower.  Sorghum was 15
to 18 cents lower.  Soybeans were 7 to 20 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 3/4 to
5 3/4 cent higher from 5.66 1/2-5.76 1/2 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 8 to 10 cents higher from 5.02-5.03 per bushel.  Minneapolis and Duluth US No 1
Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 57 3/4 cents lower at
6.32 1/4 per bushel.  Portland US Soft White wheat rail was steady to 25 cents lower
from 5.90-6.05 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 8 1/2 to 9 1/4 cents lower from
3.77 3/4-3.81 1/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 3 3/4 to 8
3/4 cents lower from 3.60 1/4-3.73 1/4 per bushel.  Omaha US No 2 Yellow Corn was 7
cents lower at 3.57 per bushel.  Chicago US No 2 Yellow Corn was 9 1/4 cents lower
from 3.54 3/4-3.68 3/4 per bushel.  Toledo US No 2 rail Yellow corn was 7 3/4 to 8
3/4 cents lower from 3.54 1/4-3.59 1/4 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 2 3/4 to 23 3/4 cents higher from 2.97 1/2-3.53 1/2 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 15 cents lower from 5.90-5.99 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 16 to 18 cents lower from 5.89-6.61 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 7 cents higher at 8.26 1/2 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 20 cents higher from
8.71 1/2-8.86 1/2 per bushel.  Kansas City US No 2 Yellow truck soybeans were 17 to
19 cents higher from 8.56 1/2-8.81 1/2 per bushel.  Illinois 48 percent soybean meal,
processor rail bid was 5.40 higher from 306.90-313.90 per bushel.  Central Illinois
Crude Soybean oil processor bid was 0.57 points higher from 28.45-28.70 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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