SJ_GR851 St. Joseph, MO Fri May 31, 2019 USDA-MO Dept of Ag Market News WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to last week, cash bids for wheat were mostly higher; corn, sorghum and soybeans were sharply higher. Ethanol production for week ending May 24th totaled 1.057 million barrels per day, a 14,000 barrel decrease when compared to the week prior. Ethanol stocks were at 22.62 mb this week, a decrease of 0.78 mb. Monday's planting progress report for w/e 5/26/2019 revealed that planting pace for corn is now 32 percent behind a year ago and the the 5 year average. Notable states and their progress behind the 5 year average; Illinois-60 pct, Indiana-63 pct, Ohio-56 pct, Iowa-20 pct and Nebraska-13 pct. Torrential Weather Events in the Midwest has been seen on numerous news stories nationwide this week. Outbreaks of over 500 tornoadoes nationwide in the month of May have been noted. Floding in the Missouri, Illinois and Mississippt River Basins will no doubt affect farmland throughout this growing season. Soybean acres planted are 45 percent behind a year ago and 37 percent behind the 5 year average. White Winter Wheat was steady while Hard Red, Soft Red Dark Northern Spring Wheat were 24 1/4 to 58 3/4 cents higher. Corn was 26 1/2 to 50 1/2 cents higher. Sorghum was 82 cents to 83 cents higher. Soybeans were 62 1/2 to 77 1/2 cents higher. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 58 3/4 cents higher from 5.94-6.04 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 44 cents higher from 5.47-5.52 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 24 1/4 cents higher at 6.48 1/2 per bushel. Portland US Soft White wheat rail was steady from 5.75-6.05 per bushel. CORN: Kansas City US No 2 rail White Corn was 26 1/2 to 37 3/4 cents higher from 4.24 1/2-4.47 3/4 per bushel. Kansas City US No 2 truck Yellow Corn was 46 1/2 cents higher from 4.26 1/4-4.36 1/4 per bushel. Omaha US No 2 Yellow Corn was 43 to 44 cents higher from 4.18-4.19 per bushel. Chicago US No 2 Yellow Corn was 46 1/2 to 50 1/2 cents higher from 4.33 1/4-4.38 1/4 per bushel. Toledo US No 2 rail Yellow corn was 45 1/2 to 48 1/2 cents higher from 4.28 1/4-4.31 1/4 per bushel. Minneapolis US No 2 Yellow corn rail was not quoted. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 8 1/2 to 78 1/2 cents higher at 3.63 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 83 cents higher from 7.25-7.34 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 82 to 83 cents higher from 7.07-7.87 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans were 67 1/2 cents higher at 8.31 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 62 1/2 to 66 1/2 cents higher from 8.58-8.60 per bushel. Kansas City US No 2 Yellow truck soybeans were 67 1/2 to 77 1/2 cents higher from 8.49-8.59 per bushel. Illinois 48 percent soybean meal, processor rail bid was 32.20 to 33.20 higher from 325.40-327.40 per bushel. Central Illinois Crude Soybean oil processor bid was 1.00 higher from 28.18- 28.38 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 1042C lp