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USDA - AMS: Weekly National Grain Market Review (2020-05-22)

USDA U.S. Department of Agriculture - May 22, 2020

SJ_GR851
St. Joseph, MO    Fri May 22, 2020   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for Corn and Wheat are mostly higher; Sorghum is
steady to higher and Soybeans are lower.

 For the week ending May 14, 2020, an increase of 34.8 million bushels of corn export
sales for 2019-20 were reported while an increase of 44.3 million bushels of soybean
exports sales for 2019-20 were formulated.  Wheat export sales showed an increase of
6.5 million bushels for 2019-20 were reported. Sorghum export sales reported an
increase of 3.3 million bushels for 2019-20.

 Ethanol production for the week ending May 15, 2020 reported an increase of 46,000
barrels per day to 0.663 million barrels a day. Ethanol stocks decreased 0.564
million barrels at 23.6 million barrels.

 For the week ending May 17, 2020, corn planted is at 80 percent which is 36 percent
higher than a year ago. Soybeans planted is at 53 percent which is 37 percent higher
than a year ago. Sorghum is at 32 percent which is 7 percent higher than a year ago.

 Wheat was 6 cents lower to 11 cents higher.  Corn was 3/4 cents lower to 5 1/4 cents
higher.  Sorghum was steady to 4 cents higher.  Soybeans were 2 to 9 cents lower."

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 7 3/4
cents higher from 5.44 1/2-5.54 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 11
cents higher at 5.36 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was steady at 6.33 per bushel.  Portland
US Soft White wheat rail was 6 cents lower to 7 cents higher from 6.07-6.09 per
bushel.

   CORN:  Kansas City US No 2 rail White Corn was 3/4 to 1 cent higher from 3.16 1/4-
3.20 1/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 3/4 cent lower to 3
1/4 cents higher from 3.19 3/4-3.25 3/4 per bushel.  Omaha US No 2 Yellow Corn was 2
to 5 cents higher from 2.98-3.07 per bushel.  Chicago US No 2 Yellow Corn was 3 1/4
to 5 1/4 cents higher from 3.12 3/4-3.17 3/4 per bushel.  Toledo US No 2 rail Yellow
corn was 1/4 to 4 1/4 cents higher from 2.98 3/4-3.09 3/4 per bushel.  Minneapolis US
No 2 Yellow corn rail was 1/4 cent higher at 2.97 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 1 3/4 to 4 3/4 cents higher from 3.06 3/4-3.79 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 5.67-6.21 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was steady to 4 cents higher from 5.18-5.84 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 9 cents lower at 8.15 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 2 to 5 cents lower
from 8.32-8.45 per bushel.  Kansas City US No 2 Yellow truck soybeans were 2 cents
lower from 8.10-8.40 per bushel.  Illinois 48 percent soybean meal, processor rail
bid was 5.70 lower from 282.50-285.50 per bushel.  Central Illinois Crude Soybean oil
processor bid was 0.68 to 0.93 points higher from 25.36-25.81 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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