Weekly National Grain Market Review
SJ_GR851
St. Joseph, MO    Fri Dec 13, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for wheat were steady to higher, Dark Northern
Spring wheat mixed; corn was mostly higher, soybeans higher and sorghum were steady
to higher.  Ethanol production for the week ending December 6th increased to 1.072
million barrels, an increase of 12,000 barrels a day. Ethanol stocks are reported
21.815 million barrels an increase of 1.215 million barrels. Corn harvested was
reported at 92 percent complete, 8 percent below the previous five year average.

 For the week ending December 5, 2019, an increase of 34.4 million bushels of corn
export sales for 2019-20 were reported while an increase of 38.6 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 18.5 million bushels for 2019-20 were reported.

 Wheat was steady to 9 cents higher, Dark Northern Spring wheat 30 3/4 cents lower to
9 1/2 cents higher. Corn was 1 cent lower to 7 cents higher.  Sorghum was steady to 3
cents higher.  Soybeans were 14 cents to 19 cents higher."

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 7 1/4
cents higher from 5.38 3/4-5.48 3/4 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 9
cents higher at 5.92 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 30 3/4 cents lower to 9 1/4 cents
higher at 6.63 per bushel.  Portland US Soft White wheat rail was steady to 5 cents
higher from 5.90-5.97 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 1 to 6 cent higher from 3.77 3/4-3.84 3/4 per bushel.  Omaha US
No 2 Yellow Corn was 5 to 7 cents higher from 3.66-3.70 per bushel.  Chicago US No 2
Yellow Corn was 1 cent higher from 3.83 3/4-3.86 3/4 per bushel.  Toledo US No 2 rail
Yellow corn was 1 cent higher at 3.97 3/4 per bushel.  Minneapolis US No 2 Yellow
corn rail was 1 cent lower at 3.40 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 6 1/2 to 7 1/2 cents higher from 2.87 3/4-3.52 3/4 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 2 to 3 cents higher from 6.03-6.21
per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer,
fob elevator) was steady to 2 cents higher from 6.29-6.64 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 14 cents higher at 8.59 1/4 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 15 to 19 cents higher
from 9.02 1/4-9.23 1/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 19
cents higher from 8.63 1/4-8.83 1/4 per bushel.  Illinois 48 percent soybean meal,
processor rail bid was 7.30 lower from 294.20-296.20 per bushel.  Central Illinois
Crude Soybean oil processor bid was 1.73 to 2.23 higher from 31.63-31.98 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        John Ervin, 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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