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Weekly National Grain Market Review
USDA - Fri Jan 17, 2:59AM CST
SJ_GR851
St. Joseph, MO    Fri Jan 17, 2020   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for wheat was mixed, while corn, sorghum and
soybeans were lower.

 For the week ending January 9, 2020, an increase of 30.9 million bushels of corn
export sales for 2019-20 were reported while an increase of 26.1 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 23.9 million bushels for 2019-20 were reported.

 Ethanol production for the week ending January 10, 2020 reported an increase of
33,000 barrels per day to 1.095 million barrels a day. Ethanol stocks increased 0.544
million barrels at 23.0 million barrels.

 Wheat was 31 3/4 cents lower to 10 cents higher. Corn was 2 3/4 cents to 9 3/4 cents
lower.  Sorghum was 14 cents lower.  Soybeans were 8 3/4 cents to 20 1/2 cents
lower."

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 10 1/2
cents lower from 5.69 3/4-5.79 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 6
cents higher at 6.36 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 21 3/4 to 31 3/4 cents lower from 6.40
1/4-6.80 1/4 per bushel.  Portland US Soft White wheat rail was 5 to 10 cents higher
from 6.20-6.25 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was has no comparison from 4.00 1/4-
4.12 3/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 2 3/4 to 7 3/4 cents
lower at 3.85 1/2 per bushel.  Omaha US No 2 Yellow Corn was 6 to 7 cents lower from
3.66-3.77 per bushel.  Chicago US No 2 Yellow Corn was 7 3/4 cents lower from 3.87
1/2-3.88 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 7 3/4 to 9 3/4 cents
lower from 3.93 1/2-3.98 1/2 per bushel.  Minneapolis US No 2 Yellow corn rail was 7
3/4 cents lower at 3.45 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 3 1/2 cents lower to 3 1/2 cents higher from 3.29 1/2-3.55 1/2 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 14 cents lower from 6.08-6.17 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 14 cents lower from 6.25-6.61 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 8 3/4 cents lower at 8.85 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 17 1/2 to 20 1/2
cents lower from 9.24-9.34 per bushel.  Kansas City US No 2 Yellow truck soybeans
were 14 1/2 to 19 1/2 cents lower from 9.01-9.19 per bushel.  Illinois 48 percent
soybean meal, processor rail bid was 0.20points lower from 300.60-301.60 per bushel.
Central Illinois Crude Soybean oil processor bid was 1.61 lower from 32.53-33.28 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

    756C   je

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