Weekly National Grain Market Review
SJ_GR851
St. Joseph, MO    Fri Jan 11, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat, corn, and soybeans were mostly lower
while sorghum bids were mixed.  Grain futures closed lower yesterday.  Markets may
have been pressured by a lack of fresh news and some sell-off in the grain market.
Export sales and shipment numbers remain uncertain as the government shutdown rolls
into its 20th day.  Wheat was 4 3/4 cents lower to 28 3/4 cents higher.  Corn was 50
1/2 cents lower to 2 1/4 cents higher.  Sorghum was 7 cents lower to 2 cents higher.
Soybeans were steady to 19 cents lower.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 4 3/4
cents lower from 6.08 3/4-6.23 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
steady to 1 cent lower from 5.42-5.48 per bushel.  Minneapolis and Duluth US No 1
Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 8 3/4 to 28 3/4 cents
higher from 6.69-6.94 per bushel.  Portland US Soft White wheat rail was steady from
6.15-6.35 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 1/4 to 2 1/4 cents higher from
3.91-3.97 3/4 per bushel.  Kansas City US No 2 truck Yellow Corn was 3 1/2 to 9 1/2
cents lower from 3.66 1/4-3.72 1/4 per bushel.  Omaha US No 2 Yellow Corn was 7 cents
lower from 3.55-3.56 per bushel.  Chicago US No 2 Yellow Corn was 3 1/2 cents lower
from 3.41 1/4-3.56 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 3 1/2 cents
lower from 3.61 1/4-3.64 1/4 per bushel.  Minneapolis US No 2 Yellow corn rail was 50
1/2 cents lower at 3.17 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 2 1/4 to 4 1/4 cents higher from 3.02 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 6 cents lower to 2 cents higher
from 5.83-6.00 per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid
to the farmer, fob elevator) was 4 to 7 cents lower from 6.18-6.71 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 11 cents lower at 8.25 3/4 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were steady from 8.72 3/4-
8.89 3/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 6 to 19 cents
lower from 8.48 3/4-8.61 3/4 per bushel.  Illinois 48 percent soybean meal, processor
rail bid was steady from 316.70-318.70 per bushel.  Central Illinois Crude Soybean
oil processor bid was steady from 27.68-28.18 per cwt.








Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Voluntary Staf, 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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