QA_GR110
New Holland, PA     Mon Mar 03, 2014     USDA Ag Market News

Pennsylvania Weekly Grain Report - New Holland, PA

The market information listed below is collected through the USDA Quality Systems 
Assessment (QSA) Livestock Auction Market Reporting (LAMR) program under the supervision 
and oversight of USDA Livestock and Grain Market News.


   When compared to last week's opening cash bids: Corn and bean markets were higher 
across Pennsylvania following a firm movement in the Chicago board. Grain commodities 
moved higher late last week into this week fuel over concerns of the Ukraine crisis. The 
tension between Ukraine and Russia may potentially disrupt exports in the Black Sea 
Region and has given motive for speculators to move into long positions across all grain 
and bean commodities. Fundamentals remain unchanged at the moment, and volatility in the 
market has been influenced more by the "what ifs" than the "what is." All grain and 
soybean prices are quoted per bushel delivered to the mill or elevator. Bases reflect 
last Friday's CME close against Monday morning's spot cash bids.   


                                 US NO 2 YELLOW CORN
            Bids            Change        Basis             Change
Eastern    4.6800-5.0300    UP 20-UP 15   10H to 45H        UP 15-UP 10
Central    4.7700-5.0300    UP 24-UP 16   19H to 45H        UP 19-UP 11
Western    4.1500-4.3400    UP 6-UP 11    -43H to -24H      UP 1-UP 6

                          US NO 2 SOFT RED WINTER WHEAT
            Bids            Change        Basis             Change
Eastern    6.3000-7.1900    No Comp       -47H to 42H       No Comp
Central      NA               NA            NA                NA
Western    5.4900-6.0000    No Comp       -128H to -77H     No Comp

                                    US NO 3 FEED BARLEY
            Bids            Change
Eastern      NA               NA
Central    3.3000-4.0000    DN 20-UP 20
Western      NA               NA

                                  US NO 2 WHITE OATS
            Bids            Change        Basis             Change
Eastern      NA               NA            NA                NA
Central    3.2000-4.0000    DN 70-DN 51   -191H to -111H    DN 115.5-DN 96.5
Western    4.0000-4.5000     UNCH         -111H to -61H     DN 45.5

                                   US NO 2 SOYBEANS
            Bids            Change        Basis             Change
Eastern    13.9500-14.1000  UP 55-UP 47   -19H to -4H       UP 12-UP 4
Central    13.5000-13.9600  UP 43-UP 45   -64H to -18H      UNCH-UP 2
Western    13.7200-13.8900  UP 45-UP 21   -42H to -25H      UP 2-DN 22

                     AVERAGE BID PRICE
            Corn    Wheat   Barley  Oats  Soybeans
Eastern     4.85    6.75      NA     NA   14.04
Central     4.95     NA      3.62   3.38  13.79
Western     4.24    5.76      NA    4.33  13.82

                                    EASTERN - CONTRACTS
            Bids            Change        Basis             Change
Corn       4.5200-5.0100    UP 8-UP 24    -20Z to 29Z       UNCH-UP 16
Wheat      5.8200-6.5900    UP 23-UP 72   -107Z to -30Z     DN 35.5-UP 13.5
Soybeans   11.0900-11.3700  No Comp       -60X to -32X      No Comp

Chicago Board of Trade month symbols: F January, G February, H March, J April, K May, M 
June, N July, Q August, U September, V October, X November, Z December 
 
Source: USDA Market News Service, New Holland, PA
        Levi Geyer Office 717-354-2391
        www.ams.usda.gov/mnreports/QA_GR110.txt
        www.ams.usda.gov/LPSMarketNewsPage


1210E   LG