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USDA - AMS: Weekly National Grain Market Review (2019-06-07)

USDA U.S. Department of Agriculture - June 7, 2019

SJ_GR851
St. Joseph, MO    Fri Jun 07, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat and soybeans were mixed; corn and
sorghum were lower.   Ethanol production for week ending May 31st totaled 1.044
million barrels per day, a 13,000 barrel decrease when compared to the week prior.
Ethanol stocks were at 22.5 mb  this week, a decrease of 0.078 mb.  Monday's planting
progress report for w/e 6/2/2019 revealed that planting pace for corn is now 67
percent planted.  Soybean acres planted are now at 39 percent complete.

Wheat was 13 3/4 cents lower to 36 1/82 cents higher.  Corn was 3/4 cents to 18 3/4
cents lower.  Sorghum was 27 cents to 28 cents lower.  Soybeans were 35 1/4 cents
lower to 1 3/4 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 13 3/4
cents lower from 5.80 1/4-5.90 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 9
cents lower from 5.38-5.43 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 16 1/2 to 36 1/2 cents higher from
6.65-6.85 per bushel.  Portland US Soft White wheat rail was steady to 2 cents higher
from 5.75-6.07 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 6 1/2 to 15 1/4 cents lower from
4.18-4.32 1/2 per bushel.  Kansas City US No 2 truck Yellow Corn was 15 3/4 cents
lower from 4.10 1/2-4.20 1/2 per bushel.  Omaha US No 2 Yellow Corn was 11 to 12
cents lower from 4.06-4.08 per bushel.  Chicago US No 2 Yellow Corn was 14 3/4 to 18
3/4 cents lower from 4.18 1/2-4.19 1/2 per bushel.  Toledo US No 2 rail Yellow corn
was 3/4 to 2 3/4 cent lower from 4.25 1/2-4.30 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 12 3/4 to 64 3/4 cents lower from 2.98 1/4-3.50 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 28 cents lower from 6.97-7.06 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 27 to 28 cents lower from 6.80-7.59 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 24 1/4 cents lower at 8.06 3/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 13 1/4 cents
lower to 1 3/4 cents higher from 8.44 3/4-8.61 3/4 per bushel.  Kansas City US No 2
Yellow truck soybeans were 25 1/4 to 35 1/4 cents lower from 8.13 3/4-8.33 3/4 per
bushel.  Illinois 48 percent soybean meal, processor rail bid was 6.50 to 11.50 lower
from 313.90-320.90 per bushel.  Central Illinois Crude Soybean oil processor bid was
0.17 points lower from 28.01-28.21 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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