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

Daily National Grain Market Summary

  Compared to yesterday, cash bids for sorghum, corn, wheat, and soybeans were
lower.  This week's trading started with bearish influence from investors
fleeing a falling stock market on Monday and commodity prices got more of the
same treatment on Friday after the Dow Jones Industrial Average fell over 1,000
points on Thursday.  The trend in March corn still remains up with help from
active domestic demand and rising cash prices.  The trend in March soybeans
remains broadly sideways while the trend in March soybean meal remains up.  USDA
lowered wheat's export estimate by 25 million bushels and raised the estimate of
U.S. ending wheat stocks to 1.009 billion bushels -- an obvious reminder of how
plentiful old-crop supplies are.  Still, the trend remains up in winter wheat,
encouraged by dry winter conditions in the western U.S. Plains.  Corn was 3 3/4
to 4 cents lower.  Sorghum was 6 3/4 cents lower.  Soybeans were 3/4 to 4 3/4
cents lower.  Wheat was steady to 9 1/2 cents lower.


                             DATE               CHANGE                 YEAR AGO
TRUCK BIDS:                  2/9/2018          2/8/2018               2/10/2017

Wheat:
   Kansas City (HRW ORD)     4.6050            DN 9.00                  4.1050
   Minneapolis               6.1850            DN 9.50                  5.8025
   Portland (SWW)            5.3000-5.4400     UNCH-DN 6.00          4.8000-4.8900
   St. Louis (SRW)           4.4900-4.6500     DN 7.00-DN 8.00       4.4400-4.5400

Corn, US No 2 Yellow:
   Kansas City               3.4700            DN 3.75               3.5450-3.5600
   Minneapolis               n/a               No Comp               3.5450-3.5600
   So. Iowa                  3.3700-3.4700     DN 3.75               3.4900-3.6200
   Omaha                     3.4100-3.4500     DN 4.00               3.3600-3.4500

Soybeans, US No 1 Yellow:
   Kansas City               9.4800-9.5300     DN 4.75               10.0900-10.1100
   Minneapolis               0.0000            No Comp                   n/a
   So. Iowa                  9.3800-9.5100     DN 4.75-DN 2.75       10.1000-10.2600
   Cent. Il Processor        9.6700-9.8200     DN 0.75-DN 4.75       10.4200-10.4900

FUTURES:
   Kansas City Wheat  (Mar)  4.6550            DN 9.00                  4.6050
   Minneapolis Wheat  (Mar)  6.0350            DN 9.50                  5.7050
   Chicago Wheat      (Mar)  4.4900            DN 7.25                  4.4900
   Chicago Corn       (Mar)  3.6200            DN 3.75                  3.7450
   Chicago Soybeans   (Mar)  9.8300            DN 4.75                 10.5900

*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
                             n/a               No Comp               4.2050-4.4050
US 2 Soft Red Winter Wheat
                             5.0900-5.1400     DN 7.25               5.0100-5.0600
Corn
  Barge                      4.0700-4.1000     DN 4.75-DN 6.75       4.1550-4.1950
US 2 Sorghum
  Rail                       8.2500-8.6075     DN 6.75                  7.2225
  Barge                      n/a               No Comp                   n/a
US 2 Yellow Soybeans
  Barge                      10.1800-10.2000   DN 2.75               10.8800-10.9800


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_GR851.txt
        For more Grain Market News:
        https://www.ams.usda.gov/market-news/livestock-poultry-grain

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