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USDA - AMS: Weekly National Grain Market Review (2019-11-08)

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

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

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for wheat and soybeans were higher, corn and
sorghum were lower. Ethanol production for week ending November 1st totaled 1.014
million barrels per day, an increase of 10,000-barrels when compared to the week
prior.   Ethanol stocks were at 21.9 mb this week, an increase of .775 mb.  Monday's
crop condition report showed corn at 58 percent good to excellent which would be 10
percent less than a year ago this time. Corn harvested is pegged at 52 percent, 23
percent below the previous five year average. Soybeans harvested reported at 75
percent, which is 6 percent behind last year and 12 percent behind the previous five
year average.

 For the week ending October 31, 2019, an increase of 19.2 million bushels of corn
export sales for 2019-20 were reported while an increase of 66.4 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 13.2 million bushels for 2019-20 were reported.

 Wheat was 5 cents lower to 39 cents higher.  Corn was 2 3/4 to 23 cents lower.
Sorghum was 26 to 27 cents lower.  Soybeans were 9 3/4 to 26 3/4 cents higher. "

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 7 cents
higher from 5.29 3/4-5.39 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 39
cents higher at 5.42 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 9 3/4 to 14 3/4 cents higher at 7.08
3/4 per bushel.  Portland US Soft White wheat rail was steady to 5 cents lower from
5.95-6.00 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 9 3/4 to 14 3/4 cents lower from 3.75 1/4-3.81 1/4 per bushel.
Omaha US No 2 Yellow Corn was 17 to 23 cents lower from 3.55-3.57 per bushel.
Chicago US No 2 Yellow Corn was 2 3/4 to 14 3/4 cents lower from 3.95 1/4-4.15 1/4
per bushel.  Toledo US No 2 rail Yellow corn was 14 3/4 cents lower at 4.05 1/4 per
bushel.  Minneapolis US No 2 Yellow corn rail was 10 3/4 cents lower at 3.56 1/4 per
bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 2 cents lower to 8 cents higher from 2.83 1/4-3.55 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 26 cents lower at 6.17 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 26 to 27 cents lower from 6.34-6.61 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 26 3/4 cents higher at 9.01 1/2
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 11 3/4 to 22 3/4
cents higher from 9.16 1/2-9.36 1/2 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 9 3/4 to 22 3/4 cents higher from 8.81 1/2-8.96 1/2 per bushel.
Illinois 48 percent soybean meal, processor rail bid was 1.20 higher from 305.60-
308.60 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.68 points
higher from 31.03-31.68 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        John Ervin, 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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