Weekly National Grain Market Review
USDA - Fri Dec 07, 8:25AM CST
SJ_GR851
St. Joseph, MO    Fri Dec 07, 2018   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat were mixed, while corn, sorghum, and
soybeans were higher.  USDA said wheat net sales of 711,800 metric tons for 2018/2019
were up 89 percent from the previous week and 58 percent from the prior 4-week
average.  Exports of 480,700 MT were up 93 percent from the previous week and 43
percent from the prior 4-week average.  Corn net sales of 1,177,500 MT for 2018/2019
were down 7 percent from the previous week, but up 26 percent from the prior 4-week
average.  Exports of 1,166,300 MT were up 11 percent from the previous week and 7
percent from the prior 4-week average.  Soybean net sales of 890,900 MT for 2018/2019
were up 42 percent from the previous week and 87 percent from the prior 4-week
average.  Exports of 1,252,200 MT were up 22 percent from the previous week and 11
percent from the prior 4-week average.  Wheat was from 38 3/4 cents lower to 33 cents
higher.  Corn was 8 1/2 to 22 1/2 cents higher.  Sorghum was 18 to 49 cents higher.
Soybeans were 18 1/4 to 22 1/4 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 33
cents higher from 6.15 1/2-6.30 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 14
to 18 cents higher from 5.35-5.41 per bushel.  Minneapolis and Duluth US No 1 Dark
Northern Spring, 14.0 to 14.5 percent protein rail, was 38 3/4 cents lower to 1/4
cent higher from 6.74 1/4-7.13 1/4 per bushel.  Portland US Soft White wheat rail was
steady from 6.15-6.30 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was has no comparison from 3.80-3.84
3/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 8 1/2 to 10 1/2 cents
higher from 3.72 3/4-3.74 3/4 per bushel.  Omaha US No 2 Yellow Corn was 14 cents
higher from 3.59-3.61 per bushel.  Chicago US No 2 Yellow Corn was 15 1/2 to 22 1/2
cents higher from 3.37 3/4-3.55 3/4 per bushel.  Toledo US No 2 rail Yellow corn was
14 1/2 to 17 1/2 cents higher from 3.64 3/4-3.68 3/4 per bushel.  Minneapolis US No 2
Yellow corn rail was 12 1/2 cents higher at 3.23 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 1/4 to 10 1/4 cent higher from 3.13-3.51 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 40 to 49 cents higher at 6.03 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 18 to 22 cents higher from 6.29-6.84 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were not quoted.  Illinois Processors
US No 1 Yellow truck soybeans were 18 1/4 to 22 1/4 cents higher from 8.67 1/2-8.94
1/2 per bushel.  Kansas City US No 2 Yellow truck soybeans were 22 1/4 cents higher
from 8.74 1/2-8.79 1/2 per bushel.  Illinois 48 percent soybean meal, processor rail
bid was 2.30 to 3.30 higher from 312.20-316.20 per bushel.  Central Illinois Crude
Soybean oil processor bid was 1.03 higher from 28.11-28.71 per cwt.
Soybean oil processor bid was 1.03 higher from 28.11-28.71 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Lindsay Brunet, Market Reporter 816-676-7000  StJoe.LGMN@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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