SJ_GR851
St. Joseph, MO    Fri Dec 27, 2019   USDA-MO Dept of Ag Market News

WEEKLY NATIONAL GRAIN MARKET REVIEW

"  Compared to last week, cash bids for wheat and corn were steady to higher, sorghum
and soybeans were higher.  Ethanol production for the week ending December 13th
decreased to 1.064 million barrels, a decrease of 8,000 barrels a day. Ethanol stocks
reported 21.8 million barrels, a decrease of 17,000 barrels. No more crop progress
reports for the 2019 season, the next crop progress report will be released on April
6, 2020.

 For the week ending December 19, 2019, an increase of 24.6 million bushels of corn
export sales for 2019-20 were reported while an increase of 27.1 million bushels of
soybean exports sales for 2019-20 were tabulated.  Wheat export sales showed an
increase of 26.3 million bushels for 2019-20 were reported.

 Wheat was steady to 10 cents higher. Corn was steady to 8 cents higher.  Sorghum was
3 to 4 cents higher.  Soybeans were 10 1/4 cents to 13 1/4 cents higher."

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 10
cents higher from 5.66 1/2-5.76 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 4
cents higher at 6.13 per bushel.  Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 6 cents higher from 6.82 1/4-7.02 1/4
per bushel.  Portland US Soft White wheat rail was steady to 10 cents higher from
5.90-6.10 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2
truck Yellow Corn was 2 to 7 cents higher from 3.93 1/2-3.98 1/2 per bushel.  Omaha
US No 2 Yellow Corn was 2 to 4 cents higher from 3.74-3.86 per bushel.  Chicago US No
2 Yellow Corn was steady to 5 cents higher from 3.92 1/2-4.00 1/2 per bushel.  Toledo
US No 2 rail Yellow corn was 2 cents higher at 4.08 1/2 per bushel.  Minneapolis US
No 2 Yellow corn rail was 8 cents higher at 3.57 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day
was 8 1/4 to 14 1/4 cents lower from 3.04-3.33 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 3 cents higher from 6.22-6.40 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 3 to 4 cents higher from 6.48-6.84 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 13 1/4 cents higher at 9.02 3/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 10 1/4 to 13 1/4
cents higher from 9.44 3/4-9.59 3/4 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 13 1/4 cents higher from 9.12 3/4-9.37 3/4 per bushel.  Illinois 48
percent soybean meal, processor rail bid was 1.10 higher from 299.50-301.50 per
bushel.  Central Illinois Crude Soybean oil processor bid was 0.59 points higher from
33.78-34.63 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

    807C   je