SJ_GR851
St. Joseph, MO    Fri Dec 06, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

  Compared to last week, cash bids for wheat was mixed; corn was mostly higher and
soybeans and sorghum were higher.  Ethanol production for the week ending November
29th increased to 1.060 million barrels, an increase of 1,000 barrels a day. Ethanol
stocks are reported 20.6 million barrels a decrease of .362 million barrels. Corn
harvested was reported at 89 percent complete, 9 percent below the previous five year
average. Soybeans harvested reported at 96 percent, which is 3 percent behind the
previous five year average.  Next Monday will be the last crop progress report for
2019.  Analysts are looking forward to the next WASDE report scheduled to be released
next Wednesday.

 For the week ending November 28, 2019, an increase of 21.5 million bushels of corn
export sales for 2019-20 were reported while an increase of 25.1 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 8.4 million bushels for 2019-20 were reported.

 Wheat was 3 cents lower to 15 cents higher.  Corn was 1 cent lower to 14 cents
higher.  Sorghum was 5 cents to 24 cents higher.  Soybeans were 3 1/4 cents to 7 1/4
cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 2 cents
lower from 5.31 1/2-5.41 1/2 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 15
cents higher at 5.83 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was has no comparison from 6.53 3/4-6.93
3/4 per bushel.  Portland US Soft White wheat rail was 3 cents lower to 5 cents
higher from 5.90-5.92 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 4 to 8 cents higher from 3.71 3/4-3.83 3/4 per bushel.  Omaha
US No 2 Yellow Corn was 12 to 14 cents higher from 3.59-3.65 per bushel.  Chicago US
No 2 Yellow Corn was 1 cent lower to 5 cents higher from 3.82 3/4-3.85 3/4 per
bushel.  Toledo US No 2 rail Yellow corn was 3 1/2 to 4 cents higher at 3.96 3/4 per
bushel.  Minneapolis US No 2 Yellow corn rail was 3 1/2 cents higher at 3.41 3/4 per
bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 17 1/4 cents lower to 1 3/4 cents higher from 2.81 1/4-3.45 1/4 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 7 to 24 cents higher from 6.01-
6.18 per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 5 to 16 cents higher from 6.29-6.62 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 6 1/4 cents higher at 8.45 1/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 3 1/4 to 7 1/4
cents higher from 8.87 1/4-9.04 1/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 7 1/4 cents higher from 8.44 1/4-8.64 1/4 per bushel.  Illinois 48
percent soybean meal, processor rail bid was 5.70 to 7.70 higher from 301.50-303.50
per bushel.  Central Illinois Crude Soybean oil processor bid was 0.13 points higher
from 29.40-30.25 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Lonnie Peetz, Market Reporter 816-676-7000  StJoe.LPGMN@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

    816C   lp