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USDA - AMS: Weekly National Grain Market Review (2020-02-14)

USDA U.S. Department of Agriculture - February 14, 2020

SJ_GR851
St. Joseph, MO    Fri Feb 14, 2020   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat were mostly lower; corn was mostly
higher; sorghum was steady and soybeans were higher.

 For the week ending February 6, 2020, an increase of 38.1 million bushels of corn
export sales for 2019-20 were reported while an increase of 23.7 million bushels of
soybean exports sales for 2019-20 were formulated.  Wheat export sales showed an
increase of 23.6 million bushels for 2019-20 were reported.

 Ethanol production for the week ending February 7, 2020 reported an decrease of
48,000 barrels per day to 1.033 million barrels a day. Ethanol stocks increased 0.884
million barrels at 24.4 million barrels.

 Wheat was steady to 30 3/4 cents higher.  Corn was 1 3/4 cents lower to 3 1/4 cents
higher.  Sorghum was unchanged.  Soybeans were 12 1/4 cents to 20 1/4 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1 3/4
cents lower from 5.46-5.56 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 12 cents
lower at 6.09 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0
to 14.5 percent protein rail, was 5 3/4 to 30 3/4 cents lower from 6.36 3/4-6.61 3/4
per bushel.  Portland US Soft White wheat rail was steady to 13 cents lower from
6.20-6.22 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 1 to 3 cent higher from 4.04-4.07
3/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 1/4 to 3 1/4 cent higher
from 3.92 1/2-3.94 1/2 per bushel.  Omaha US No 2 Yellow Corn was 1 to 3 cents higher
from 3.76-3.85 per bushel.  Chicago US No 2 Yellow Corn was 1 3/4 cents lower to 3
1/4 cents higher from 3.91 1/2-3.98 1/2 per bushel.  Toledo US No 2 rail Yellow corn
was 1/4 cent higher from 3.99 1/2-4.02 1/2 per bushel.  Minneapolis US No 2 Yellow
corn rail was 1/4 cent higher at 3.49 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 8 to 9 cents lower from 3.21 3/4-3.45 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 steady from 6.15-6.24 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was steady from 6.32-6.68 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 12 1/4 cents higher at 8.51 1/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 15 1/4 to 17 1/4
cents higher from 8.98 1/4-9.11 1/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 20 1/4 cents higher from 8.91 1/4-9.06 1/4 per bushel.  Illinois 48
percent soybean meal, processor rail bid was 3.70 higher from 291.90-293.90 per
bushel.  Central Illinois Crude Soybean oil processor bid was 0.62 to 0.77 points
lower from 30.62-30.72 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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