QA_GR110
New Holland, PA     Tue Dec 10, 2013     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: This week's weekly grain report was 
delayed to include data from Tuesday's crop production report. Bids below are that of 
Monday morning cash bids, with basis reflecting last Friday's CME close. In Pennsylvania 
opening week bids were mostly higher for both beans and corn. Basis has firmed slightly 
staying range bound of the CME in the east, but weak in the central and western regions 
of the state. Harvest is considered being complete across the US. USDA NASS office 
released their Crop Production Report Tuesday at noon. Results are as follows: Corn 
planted across the nation 95.341M acres with 87.232M Harvested at an average yield of 
160.4bu/acre for a total production near 14 billion bushels (13.989 billion). Production 
is up 30% from last year's drought stricken crop that averaged a pitiful 123.4 bu/acre. 
Soybean acreage planted for 2013 was 76.493M acres with 75.688M harvested at an average 
yield of 43 bu/acre for a total production of 3.258 billion bushels. Production is up 7% 
from last year. 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    4.0500-4.6400    UP 15-UP 25   -19H to 40H       UP 6-UP 16
Central    3.7500-4.0000    UNCH-DN 29    -49H to -24H      DN 9-DN 38
Western    3.7700-4.0000    UP 9-DN 25    -47H to -24H      UNCH-DN 34

                          US NO 2 SOFT RED WINTER WHEAT
            Bids            Change        Basis             Change
Eastern    6.0000-6.6000    DN 30-DN 55   -37H to 23H       DN 12-DN 37
Central      NA               NA            NA                NA
Western    5.9200-6.3000    UP 13-UNCH    -45H to -7H       UP 31-UP 18

                                    US NO 3 FEED BARLEY
            Bids            Change
Eastern    2.8000-3.3000    UNCH-DN 5
Central    2.7500-3.5000    DN 25-UNCH
Western      NA               NA

                                  US NO 2 WHITE OATS
            Bids            Change        Basis             Change
Eastern      NA               NA            NA                NA
Central      NA               NA            NA                NA
Western      NA               NA            NA                NA

                                   US NO 2 SOYBEANS
            Bids            Change        Basis             Change
Eastern    12.3500-12.9700  DN 25-DN 5    -90F to -28F      DN 13.5-UP 6.5
Central    12.0000-13.0300  DN 39-UP 8    -125F to -22F     DN 27.5-UP 19.5
Western      NA               NA            NA                NA

                     AVERAGE BID PRICE
            Corn    Wheat   Barley  Oats  Soybeans
Eastern     4.31    6.17     3.05    NA   12.73
Central     3.91     NA      3.13    NA   12.30
Western     3.93    6.11      NA     NA     NA

                                    EASTERN - CONTRACTS
            Bids            Change        Basis             Change
Corn         NA               NA            NA                NA
Wheat        NA               NA            NA                NA
Soybeans     NA               NA            NA                NA

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  717-354-2391
        24 hr market information  717-787-6006
        www.ams.usda.gov/mnreports/QA_GR110.txt
        www.ams.usda.gov/LPSMarketNewsPage


1345E   LG