Weekly National Grain Market Review
SJ_GR851
St. Joseph, MO    Fri Nov 17, 2017   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, cash bids for corn, soybeans and sorghum were lower, with
wheat trading mixed.   Last week's export sales totaled 37.6 million bushels of corn
with shipments totaling 16.4 million bushels, soybeans sales totaled 40.6 million
bushels and shipments totaled 82.9 million bushels.  Wheat export sales totaled 19.1
million bushels with shipments totaling 10.9 million bushels.  These figures may be
viewed as bearish for all three commodities. Shipments for corn are down 41% from
last year and soybean shipments are down 11% from last year.  Wheat was lower, from 5
to 27 cents lower.  Corn was mixed, from 20 cents lower to 7 cents higher.  Sorghum
was 9 to 15 cents lower.  Soybeans were 4 to 10 cents lower.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12 to
22 cents lower from 4.62-5.92 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 7 to 8
cents lower from 4.29-4.36 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 27 3/4 cents lower to 17 1/4 cents
higher from 7.45 1/4-8.15 1/4 per bushel.  Portland US Soft White wheat rail was
steady to 5 1/2 cents lower from 5.19 1/2-5.35 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was steady to 5 cents higher at 3.09 1/2 per bushel.  Omaha US No 2
Yellow Corn was 7 cents higher from 3.09-3.12 per bushel.  Chicago US No 2 Yellow
Corn was 11 to 20 cents lower from 3.01 1/2-3.18 1/2 per bushel.  Toledo US No 2 rail
Yellow corn was 1 cent lower to 1 cent higher at 3.26 1/2 per bushel.  Minneapolis US
No 2 Yellow corn rail was 9 cents lower at 2.88 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 10 3/4 to 11 3/4 cents lower from 2.67 1/4-3.22 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 9 cents lower at 5.29 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 9 to 15 cents lower from 5.42-6.00 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were not quoted.  Illinois Processors
US No 1 Yellow truck soybeans were 7 1/4 to 10 1/4 cents lower from 9.54-9.64 per
bushel.  Kansas City US No 2 Yellow truck soybeans were 4 cents lower at 9.21 per
bushel.  Illinois 48 percent soybean meal, processor rail bid was 0.30 to 1.30points
lower from 300.50-313.50 per bushel.  Central Illinois Crude Soybean oil processor
bid was 0.71 points lower from 32.93-34.18 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Joe Toeniskoetter, 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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