Weekly National Grain Market Review
SJ_GR851
St. Joseph, MO    Fri Aug 23, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for corn was higher while wheat, sorghum and
soybeans were mixed. Ethanol production for week ending August 16th totaled 1.023
million barrels per day, a 22,000-barrel decrease when compared to the week prior.
Ethanol stocks were at 23.367 mb this week, a decrease of .516 mb.  On Tuesday, the
largest ethanol company in the country announced the idling of one of their palnts
and reductions at all their other plants.  The estimated drop in corn usage was
reported at 130 million bushels.  Monday's crop condition report showed corn at 56
percent good to excellent which would be 12 percent less than a year ago this time.
Soybean condition was reported at 53 percent good to excellent which is 12 percent
less than the same time a year ago.

 For the week ending August 15, 2019, an increase of 4.7 million bushels of corn
export sales for 2018-19 and an increase of 11.9 mb for 2019-20 were reported, while
a increase of 1.0 million bushels of soybean exports sales for 2018-19 and an
increase of 29.1 million bushels for 2019-20 were tabulated.  Wheat export sales
showed an increase of 21.8 million bushels for 2019-20 were included in the latest
report.

 Wheat was 5 cents lower to 15 3/4 cents higher.  Corn was 3/4 cent to 13 1/2 cents
higher.  Sorghum was 12 cents lower to 4 cents higher.  Soybeans were 5 cents lower
to 8 cents higher. 

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1 1/2
cents lower from 4.78 1/4-4.88 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 2
cents lower to 5 cents higher at 4.69 per bushel.  Minneapolis and Duluth US No 1
Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 15 3/4 cents higher at
5.98 1/2 per bushel.  Portland US Soft White wheat rail was steady to 5 cents lower
from 5.55-5.75 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 3/4 to 2 3/4 cents higher from
3.79-3.86 1/2 per bushel.  Kansas City US No 2 truck Yellow Corn was 2 1/2 cents
higher from 3.75 1/4-3.78 1/4 per bushel.  Omaha US No 2 Yellow Corn was 3 to 6 cents
higher from 3.63-3.64 per bushel.  Chicago US No 2 Yellow Corn was 2 1/2 cents higher
from 3.81 1/4-3.88 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 2 1/2 cents
higher from 3.98 1/4-4.01 1/4 per bushel.  Minneapolis US No 2 Yellow corn rail was
13 1/2 cents higher at 3.24 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 9 1/2 cents lower to 1 1/2 cents higher from 2.76 1/4-3.15 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 4 cents higher from 5.84-6.04 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 12 cents lower to 4 cents higher from 5.77-6.30 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 8 cents higher at 8.10 3/4 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 5 cents lower to 3
cents higher from 8.35 3/4-8.73 3/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 2 cents lower from 7.98 3/4-8.28 3/4 per bushel.  Illinois 48 percent
soybean meal, processor rail bid was 0.10 points lower to 1.90 higher from 287.70-
303.70 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.53 points
lower from 28.54-28.79 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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