Weekly National Grain Market Review
SJ_GR851
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 
available.

   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
         www.ams.usda.gov/mnreports/SJ_GR851.txt
         For more Grain Market News:
         https://www.ams.usda.gov/market-news/livestock-poultry-grain 
  
0915C    dsa