Daily National Grain Market Summary
SJ_GR850
St. Joseph, MO     Thu, Aug 09, 2018     USDA-MO Dept of Ag Market News

Daily National Grain Market Summary

  Compared to yesterday, cash bids for wheat were mixed, while corn, soybeans,
and sorghum were lower.  USDA said there were 15.5 million bushels of old-crop
soybean export sales and 19.6 million bushels of new-crop sales last week.
Soybean shipments are down 3% in 2017-18 from a year ago, a little above USDA's
estimated pace.  New-crop soybean sales are off to a quick start, up 55% from a
year ago, but far from being shipped yet.  Corn export sales totaled 21.8
million bushels old-crop and 25.9 million bushels new-crop.  Corn exports are
slightly below a year ago with four weeks left in 2017-18.  New-crop sales
however, are off to a quick start, up 54% from a year ago.  Last week's export
sales and shipments of wheat totaled 11.7 and 12.7 million bushels respectively,
another bearish week with no sign yet of the world needing U.S. wheat.  Wheat
was from 5 3/4 cents lower to 8 cents higher.  Corn was 2 to 4 cents lower.
Soybeans were 6 1/2 to 11 1/2 cents lower.  Sorghum was 4 cents lower.


                             DATE               CHANGE                 YEAR AGO
TRUCK BIDS:                  8/9/2018          8/8/2018               8/10/2017

Wheat:
   Kansas City (HRW ORD)     6.0850            DN 5.75                  3.9825
   Minneapolis               6.2975            DN 3.00                  7.0825
   Portland (SWW)            6.1200-6.2800     UP 6.00-UP 8.00       5.1550-5.6000
   St. Louis (SRW)           n/a               No Comp               4.4100-4.4500

Corn, US No 2 Yellow:
   Kansas City               3.6425-3.6525     DN 2.00                  3.3725
   Minneapolis               3.0925            DN 2.00                  3.0925
   So. Iowa                  3.2825-3.3325     DN 2.00-DN 4.00       3.2925-3.3525
   Omaha                     3.4300-3.4400     DN 2.00-DN 4.00       3.2000-3.2500

Soybeans, US No 1 Yellow:
   Kansas City               8.6900-8.7400     DN 11.50-DN 6.50         9.1525
   Minneapolis               8.1200            DN 6.50                  9.0225
   So. Iowa                  8.2600-8.3500     DN 6.50-DN 7.50       9.2525-9.3325
   Cent. Il Processor        8.6200-8.8600     DN 6.50               9.2125-9.3825

FUTURES:
   Kansas City Wheat  (Sep)  5.7850            DN 5.75                  4.4825
   Minneapolis Wheat  (Sep)  6.2975            DN 3.00                  7.0325
   Chicago Wheat      (Sep)  5.6450            DN 5.50                  4.4050
   Chicago Corn       (Sep)  3.6925            DN 2.00                  3.5725
   Chicago Soybeans   (Nov)  9.0400            DN 6.50                  9.4025

*EXPORT BIDS:  Barge bids out of the Port of New Orleans,
or Rail out of the North Texas Gulf. Bids Per bushel, except sorghum per cwt.

US 1 HRW Wheat Ord Protein
                             6.6350            DN 5.75               4.4825-5.2325
US 2 Soft Red Winter Wheat
                             6.1450-6.2450     DN 10.50-DN 5.50      4.7550-4.7650
Corn
  Barge                      4.2325-4.2425     DN 2.00               3.7525-3.8625
US 2 Sorghum
  Rail                       7.9075            DN 4.00               7.6075-7.6975
  Barge                      n/a               No Comp                   n/a
US 2 Yellow Soybeans
  Barge                      9.3400-9.3600     DN 6.50               9.8525-9.8825


Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Lindsay Brunet, Market Reporter 816-676-7000   StJoe.LGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/SJ_GR850.txt
        For more Grain Market News:
        https://www.ams.usda.gov/market-news/livestock-poultry-grain

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