SJ_GR851 St. Joseph, MO Fri May 24, 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 and sorghum was higher; soybeans were lower. Ethanol production for week ending May 17th totaled 1.071 million barrels per day, a 20,000 barrel increase when compared to the week prior. Ethanol stocks were at 23.4 mb this week, an increase of 1.2 mb. Monday's planting progress report for w/e 5/19/2019 revealed that planting pace for corn is now 19 percent behind a year ago and 31 percent behind the the 5 year average. Notable states and their progress behind the 5 year average; Illinois-65 pct, Indiana-59 pct, Ohio-53 pct, Iowa-19 pct and Nebraska-16 pct. Only one of the 18 states listed are above the 5 year average - Texas. Analysts are now very much concerned about how many acres will either go through a prevented planting scenario or moved from corn to soybean production this growing season. Soybean acres planted are 34 percent behind a year ago and 28 percent behind the 5 year average. Export sales for week ending May 16 totaled 17.4 million bushels of corn; 19.7 million bushels of soybeans and 1.8 million bushels of wheat. Wheat was 1/2 cent lower to 17 cents higher. Corn was 3 cents to 18 1/4 cents higher. Sorghum was 18 cents to 28 cents higher. Soybeans were 13 1/4 cents to 18 1/4 cents lower. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1/2 cent lower to 8 1/2 cents higher from 5.35 1/4-5.45 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 6 to 11 cents higher from 5.03-5.08 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was has no comparison at 6.24 1/4 per bushel. Portland US Soft White wheat rail was 5 to 10 cents higher from 5.75-6.05 per bushel. CORN: Kansas City US No 2 rail White Corn was 18 1/4 cents higher from 3.98-4.10 per bushel. Kansas City US No 2 truck Yellow Corn was 4 3/4 to 10 3/4 cents higher from 3.79 3/4-3.89 3/4 per bushel. Omaha US No 2 Yellow Corn was 3 to 4 cents higher from 3.74-3.76 per bushel. Chicago US No 2 Yellow Corn was 8 3/4 to 9 3/4 cents higher from 3.86 3/4-3.87 3/4 per bushel. Toledo US No 2 rail Yellow corn was 10 3/4 to 17 3/4 cents higher from 3.79 3/4-3.85 3/4 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 21 3/4 cents lower to 1/4 cent higher from 2.84 1/2-3.54 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 19 to 28 cents higher from 6.42- 6.51 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 18 to 20 cents higher from 6.25-7.04 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans were 18 1/4 cents lower at 7.63 1/2 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 16 1/4 to 17 1/4 cents lower from 7.91 1/2-7.97 1/2 per bushel. Kansas City US No 2 Yellow truck soybeans were 13 1/4 to 18 1/4 cents lower from 7.71 1/2-7.91 1/2 per bushel. Illinois 48 percent soybean meal, processor rail bid was 4.70 to 5.70 lower from 292.20-295.20 per bushel. Central Illinois Crude Soybean oil processor bid was 0.06 points higher from 27.18-27.38 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 833C lp