SJ_GR851
St. Joseph, MO    Fri Jan 23, 2015    USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain and soybean bids were mixed for the week, with 
wheat and soybeans lower and corn trading higher.  Soybeans were pressured this 
week from favorable weather and good growing conditions in South America as 
estimates are very good for a big crop.  Last week the Brazilian soybean crop 
was increased by 1.5 mmt.  Corn saw some buying interest this week, with weekly 
ethanol production showing increased production.  Sorghum is catching some 
headlines with good buying demand from China.  Wheat was lower on a rising U.S. 
dollar and weak export trade.  Wheat was mostly 2-6 cents lower.  Corn was 2-9 
cents higher and sorghum 6-15 cents higher.  Soybeans traded 14-19  cents lower.  

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 2 
3/4-6 1/4 cents lower from 6.56 3/4-6.70 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 1-5 cents higher from 5.33-5.43 per bushel.  Minneapolis 
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 
4 1/2-5 1/2 cents lower from 7.05 1/2-7.25 1/2 per bushel.  Portland US Soft 
White wheat rail was 1 cent higher to 5 cents lower from 6.21 3/4-6.45 per 
bushel.    

   CORN:  Kansas City US No 2 rail White Corn was 3-7 cents higher from 3.71-
3.79 per bushel.  Kansas City US No 2 truck Yellow Corn was 3 3/4-6 3/4 cents 
higher from 3.69 3/4-3.71 3/4 per bushel.  Omaha corn was 2-9 cents higher from 
3.61-3.72 per bushel.  Chicago US No 2 Yellow Corn was 3 3/4-4 3/4 cents higher 
from 3.65 3/4-3.87 3/4 per bushel.  Toledo US No 2 rail Yellow corn was 1 3/4-3 
3/4 cents higher from 3.62 3/4-3.68 3/4 per bushel.  Minneapolis US No 2 Yellow 
corn rail was 5 3/4 cents higher at 3.54 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 
day was 9 1/4 cents higher from 3.06-3.41 per bushel.  US No 3 or better 
rail malting Barley, 70 percent or better plump out of Minneapolis was 10 cents 
lower at 7.10 per bushel.  Portland US 2 Barley, unit trains and Barges-export 
was not available.  

   SORGHUM:  US No 2 yellow truck, Kansas City was 6 cents higher at 6.85 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 6-15 cents higher from 6.85-7.38 per cwt.  

   OILSEEDS:  Minneapolis Yellow truck soybeans were 14 1/4 cents lower at 9.21 
3/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 14 1/4 
cents lower from 9.74 3/4-9.91 3/4 per bushel.  Kansas City US No 2 Yellow truck 
soybeans were 14 1/4-19 1/4 cents lower at 9.71 3/4 per bushel.  Illinois 48 
percent Soybean meal, processor rail bid was 3.40 higher from 358.10-365.10 per 
ton.  Central Illinois Crude Soybean oil processor bid was 87-127 points lower 
from 31.62-32.47 cents per pound.

SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO
         Greg Harrison, Market Reporter (816)676-7000
         www.ams.usda.gov/mnreports/SJ_GR851.txt
  
         For more Grain Market News:
         www.ams.usda.gov/lsg/mncs/ls_grain.htm
  
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