SJ_GR851 St. Joseph, MO Fri Apr 20, 2018 USDA-MO Dept of Ag Market News WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to last week, cash bids for wheat were mostly lower, while corn, soybeans, and sorghum were lower. Last week’s export sales were mixed. Old crop corn sales totaled a large 43 million bu which was above estimates and weekly needs as well. Soybean sales were split with 38.2 million bu of old crop and a large 40.1 million bu on new crop. Wheat sales were a negative 2.5 million bu on old crop from cancellations, and also on the light side for new crop with 8.8 million bu. Some traders are not showing much concern with the slow loading pace on U.S. corn. Their opinion is that corn demand will build in the next few weeks and hold strong through the end of summer. This is from the fact that the United States will be the primary source of corn for the global market over this period. Trade is becoming increasingly concerned with U.S. weather conditions. April is set to go down as one of the coldest in history with nearly half of the month to go. This has delayed fieldwork in much of the Corn Belt, as the cold temperatures have also prevented soils from drying. In many cases this will push planting into May, and even later in northern regions of the belt. Wheat was mixed from 13 cents lower to 5 1/4 cents higher. Corn was 1 3/4 to 7 3/4 cents lower. Sorghum was 9 to 13 cents lower. Soybeans were 13 1/2 to 23 1/2 cents lower. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 6 1/4 cents lower from 5.85 1/4-6.00 1/4 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 7 to 13 cents lower from 4.69-4.80 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 5 1/4 cents higher at 7.73 1/4 per bushel. Portland US Soft White wheat rail was 1 to 2 cent lower from 5.80- 5.90 per bushel. CORN: Kansas City US No 2 rail White Corn was 4 1/4 to 5 3/4 cents lower from 3.80 3/4-3.83 1/2 per bushel. Kansas City US No 2 truck Yellow Corn was 2 3/4 to 7 3/4 cents lower from 3.67-3.72 per bushel. Omaha US No 2 Yellow Corn was 3 cents lower from 3.66-3.69 per bushel. Chicago US No 2 Yellow Corn was 1 3/4 to 7 3/4 cents lower from 3.52-3.64 per bushel. Toledo US No 2 rail Yellow corn was 4 3/4 to 5 3/4 cents lower from 3.73-3.75 per bushel. Minneapolis US No 2 Yellow corn rail was has no comparison at 3.44 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 3 cents lower to 2 cents higher from 2.49 1/2-2.99 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 12 cents lower at 6.11 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 9 to 13 cents lower from 6.53-6.64 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans were 16 1/2 cents lower at 9.87 1/4 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 21 1/2 to 23 1/2 cents lower from 10.1 1/4-10.3 1/4 per bushel. Kansas City US No 2 Yellow truck soybeans were 13 1/2 cents lower from 10.1 1/4-10.1 1/4 per bushel. Illinois 48 percent soybean meal, processor rail bid was 11.10 to 15.10 lower from 377.30-379.30 per bushel. Central Illinois Crude Soybean oil processor bid was 0.22 points lower from 29.61-29.91 per cwt. Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO Lindsay Brunet, 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 827C lrb