Weekly National Grain Market Review
St. Joseph, MO Fri Feb 17, 2017 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grains were mostly higher with soybean bids mostly
lower. Corn and winter wheat remain in an upward trend while soybeans trend is
stalling, in spite of Thursday�s selling. U.S. corn is still pleasingly priced
for more export business. The southwestern Plains are expecting warmer
temperatures over the next several days causing winter wheat crops to be at risk
of a late freeze. Early 2017 is anticipating an increase in corn and soybean
production from South America with the soybean harvest in Brazil making good
progress. It is still unclear as to how trade relations will change with China
and others or how those countries might retaliate. Weekly export sales for
wheat was listed at 21.6 mb (588,600 mt) with 20.9 mb (569,100 mt) for the 2016-
2017 marketing year. Export sales for corn came in at 42.1 mb (1,068,700 mt)
with 30.8 mb (783,500) for the 2016-2017 marketing year. Soybeans were at 40.3
mb (1,097,400 mt) with 32.7 mb (890,000) for the 2016-2017 marketing year.
Weekly export sales for sorghum were at 5.3 mb (134,900 mt) for the 2016-2017
marketing year. Wheat was mostly 1-11 cents higher. Corn was mostly 2-9 cents
higher. Sorghum was 5 to 11 cents higher. Soybeans were mostly 1-6 cents lower
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 3
3/4 to 11 3/4 cents higher from 4.73-5.53 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 3 to 4 cents higher from 4.42-4.52 per bushel.
Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent
protein rail, was 24 1/2 to 35 1/2 cents lower from 6.36-6.46 per bushel.
Portland US Soft White wheat rail was 1 1/2 to 2 3/4 cents higher from 4.82 3/4-
4.85 per bushel.
CORN: Kansas City US No 2 rail White Corn was 3 to 5 cents lower from 3.73-
3.80 per bushel. Kansas City US No 2 truck Yellow Corn was 4 cents higher from
3.53 1/2-3.55 1/2 per bushel. Omaha US No 2 Yellow Corn was steady to 6 cents
lower from 3.34-3.44 per bushel. Chicago US No 2 Yellow Corn was 2 to 4 cents
higher from 3.48 1/2-3.76 1/2 per bushel. Toledo US No 2 rail Yellow corn was 7
1/4 to 9 1/4 cents higher from 3.68 3/4-3.74 3/4 per bushel. Minneapolis US No
2 Yellow corn rail no bid per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 24 3/4 lower to 12 1/4 cents higher at 2.99 3/4 per bushel. US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was
not available. Portland US 2 Barley, unit trains and Barges-export was not
SORGHUM: US No 2 yellow truck, Kansas City was 7 cents higher at 5.72 per
cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 5 to 11 cents higher from 5.58-5.99 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were not available per bushel.
Illinois Processors US No 1 Yellow truck soybeans were 1/4 to 4 3/4 cents lower
from 10.28 3/4-10.40 3/4 per bushel. Kansas City US No 2 Yellow truck soybeans
were 6 3/4 cents lower from 9.93 3/4-9.95 3/4 per bushel. Illinois 48 percent
soybean meal, processor rail bid was 3.60 higher from 332.00-346.00 per ton.
Central Illinois Crude Soybean oil processor bid was 1.15 points lower from
31.22-32.52 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Dakota Arthur, Market Reporter (816)676-7000
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