SJ_GR851
St. Joseph, MO    Fri Nov 15, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for wheat and corn were mixed, soybeans were
lower, and sorghum was steady. Ethanol report showed the 7th consecutive week of
increased ethanol production. Ethanol stocks are reported 11 percent below a year
ago. Tuesday's corn harvested is pegged at 66 percent, 19 percent below the previous
five year average. Soybeans harvested reported at 85 percent, which is 2 percent
behind last year and 7 percent behind the previous five year average.

 For the week ending November 7, 2019, an increase of 22.9 million bushels of corn
export sales for 2019-20 were reported while an increase of 46.0 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 8.8 million bushels for 2019-20 were reported.

 Wheat was 11 cents lower to 5 cents higher.  Corn was 11 1/2 cents lower to 7 1/2
cents higher.  Sorghum was unchanged.  Soybeans were 7 3/4 to 14 3/4 cents lower. "

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 2 1/2
cents lower from 5.27 1/4-5.37 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 5
cents higher at 5.47 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 11 cents lower to 4 cents higher from
6.97 3/4-7.12 3/4 per bushel.  Portland US Soft White wheat rail was steady to 5
cents lower at 5.95 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 1/2 to 7 1/2 cents higher from 3.75 3/4-3.88 3/4 per bushel.
Omaha US No 2 Yellow Corn was 2 cents lower to 1 cent higher from 3.53-3.58 per
bushel.  Chicago US No 2 Yellow Corn was 11 1/2 cents lower to 1/2 cent higher from
3.95 3/4-4.03 3/4 per bushel.  Toledo US No 2 rail Yellow corn was 1/2 cent higher at
4.05 3/4 per bushel.  Minneapolis US No 2 Yellow corn rail was 1/2 cent higher at
3.56 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 2 1/2 to 8 1/2 cents higher from 2.85 3/4-3.63 3/4 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 steady at 6.17 per cwt.  Texas
High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator)
was steady from 6.34-6.61 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 14 3/4 cents lower at 8.86 3/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 7 3/4 to 8 3/4
cents lower from 9.07 3/4-9.28 3/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 9 3/4 to 14 3/4 cents lower from 8.66 3/4-8.86 3/4 per bushel.
Illinois 48 percent soybean meal, processor rail bid was 2.50 lower from 303.10-
306.10 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.75 to 0.90
points lower from 30.28-30.78 per cwt.

Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        John Ervin, 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

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