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USDA - AMS: Weekly National Grain Market Review (2020-01-10)

USDA U.S. Department of Agriculture - January 10, 2020

St. Joseph, MO    Fri Jan 10, 2020   USDA-MO Dept of Ag Market News


"  Compared to last week, cash bids for wheat was mixed, while corn, sorghum and
soybeans were lower.

 For the week ending January 2, 2020, an increase of 6.4 million bushels of corn
export sales for 2019-20 were reported while an increase of 13.1 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 3.0 million bushels for 2019-20 were reported.

 Ethanol production for the week ending January 3, 2020 reported a decrease of 4,000
barrels per day to 1.062 million barrels a day. Ethanol stocks increased 1.4 million
barrels at 22.5 million barrels.

 Wheat was 16 1/4 cents lower to 8 3/4 cents higher. Corn was 7 cents to 11 1/4 cents
lower.  Sorghum was 6 cents to 15 cents lower.  Soybeans were 7 3/4 cents to 12 3/4
cents lower."

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1 cent
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 5 cents
higher at 6.3 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0
to 14.5 percent protein rail, was 16 1/4 cents lower to 8 3/4 cents higher from 6.72-
7.02 per bushel.  Portland US Soft White wheat rail was 5 cents lower to 5 cents
higher from 6.10-6.20 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 8 1/4 cents lower from 3.88 1/4-3.93 1/4 per bushel.  Omaha US
No 2 Yellow Corn was 7 to 11 cents lower from 3.73-3.83 per bushel.  Chicago US No 2
Yellow Corn was 8 1/4 cents lower from 3.95 1/4-3.96 1/4 per bushel.  Toledo US No 2
rail Yellow corn was 8 1/4 to 11 1/4 cents lower from 4.03 1/4-4.06 1/4 per bushel.
Minneapolis US No 2 Yellow corn rail was 7 1/4 cents lower at 3.53 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 5 cents lower to 4 cents higher from 3.33-3.52 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 6 to 15 cents lower from 6.22-6.31
per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer,
fob elevator) was 14 to 15 cents lower from 6.39-6.75 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were has no comparison at 8.93 3/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 8 3/4 to 12 3/4
cents lower from 9.41 1/2-9.54 1/2 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 7 3/4 to 12 3/4 cents lower from 9.15 1/2-9.38 1/2 per bushel.
Illinois 48 percent soybean meal, processor rail bid was 2.80 to 3.80 lower from
300.80-301.80 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.60
to 0.85 points lower from 34.14-34.89 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        John Ervin, Market Reporter 816-676-7000
        For more Grain Market News:

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