QA_GR110
New Holland, PA     Mon Jan 26, 2015     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.

   Compared to last week's opening bids: market movement has been minimal. Corn and beans 
were reported slightly lower. News concerning grain fundamentals has been relatively 
quiet. Most of the market influence is currently playing off world political and economic 
news in the black sea region. Greek elections, port closures relating to Russian/Ukraine 
conflicts, and currency devaluation are currently the main influencers on the market. 
Suppressed oil prices and a firm US dollar have also kept a lid on the grain and bean 
markets. Overall technical aspects have sustained bearish pressure on the market. All 
grain and soybean prices are quoted per bushel delivered to the mill or elevator. Bases 
reflect Friday's CME close against Monday morning's spot cash bids.   


                                 US NO 2 YELLOW CORN
            Bids            Change        Basis             Change
Eastern    3.8500-4.2600    DN 5-UP 1     -2H to 39H        DN 5-UP 1
Central    3.8300-4.2600    DN 4-UP 1     -4H to 39H        DN 4-UP 1
Western    3.5100-4.0600     DN 1         -36H to 19H        DN 1

                          US NO 2 SOFT RED WINTER WHEAT
            Bids            Change        Basis             Change
Eastern    5.3000-5.8100    UP 58-UP 41   OptH to 51H       UP 105-UP 88
Central    5.1000-5.8500    DN 3-UNCH     -20H to 55H       UP 44-UP 47
Western      NA               NA            NA                NA

                                   US NO 2 SOYBEANS
            Bids            Change        Basis             Change
Eastern    9.4000-9.8200    DN 22-UP 2    -33H to 9H        DN 3-UP 21
Central    9.4200-9.8000    UNCH-DN 6     -31H to 7H        UP 19-UP 13
Western    9.3800-9.4000    No Comp       -35H to -33H      No Comp

                     AVERAGE BID PRICE
            Corn    Wheat   Soybeans
Eastern     4.11    5.53     9.58
Central     4.12    5.58     9.61
Western     3.66     NA      9.40

                                    EASTERN - CONTRACTS
            Bids            Change        Basis             Change
Corn       4.0200-4.3900    UP 7-UP 19    -15Z to 22Z       UP 5-UP 17
Wheat      5.0800-5.5700    DN 1-UP 21    -48Z to 1Z        UP 50.5-UP 72.5
Soybeans   8.9600-9.6500    DN 14-UP 30   -64X to 5X        UP 1-UP 45

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


1100E   LG