Daily National Grain Market Summary
SJ_GR850
St. Joseph, MO     Wed, Sep 12, 2018     USDA-MO Dept of Ag Market News

Daily National Grain Market Summary

  Compared to yesterday, cash bids for wheat, corn, and sorghum were mostly
lower, while soybeans were mixed.  Wednesday's USDA WASDE report was viewed as
bearish for both domestic and global corn and soybean markets.  Average yield
for the 2018 crop was estimated at 181.3 bushels/acre.  Corn production is
estimated at 14.827 billion bushels, up 1.5% from 2017.  U.S. soybean yield was
estimated at 52.8 bpa, resulting in an estimated record production of 4.693
billion bushels.  In wheat, the domestic estimates were unchanged with global
production increasing.  Wheat was steady to 16 cents lower.  Corn was 14 to 16
1/4 cents lower.  Soybeans were from 8 3/4 cents lower to 13 1/4 cents higher.
Sorghum was 25 1/2 cents lower.


                             DATE               CHANGE                 YEAR AGO
TRUCK BIDS:                  9/12/2018         9/11/2018              9/13/2017

Wheat:
   Kansas City (HRW ORD)     5.0675            DN 16.00              3.7425-3.7825
   Minneapolis               5.4000            DN 10.25                 6.4350
   Portland (SWW)            5.9000-5.9500       UNCH                5.1000-5.3200
   St. Louis (SRW)           4.6700-4.7600     DN 12.00              4.2400-4.2800

Corn, US No 2 Yellow:
   Kansas City               3.2250-3.2750     DN 14.25                 3.2350
   Minneapolis               2.9450            DN 14.25                 2.9850
   So. Iowa                  3.0350-3.1650     DN 16.25-DN 14.25     3.1350-3.1850
   Omaha                     3.1100-3.2300     DN 16.00-DN 14.00     3.1200-3.2100

Soybeans, US No 1 Yellow:
   Kansas City               7.9500            UP 8.25                  9.3050
   Minneapolis               7.2300            UP 5.25                  9.0850
   So. Iowa                  7.4500-7.5000     UP 8.25-UP 11.25      9.3150-9.5050
   Cent. Il Processor        7.7500-7.8800     UP 13.25-DN 8.75      9.3850-9.6050

FUTURES:
   Kansas City Wheat  (Dec)  5.0675            DN 16.00                 4.4425
   Minneapolis Wheat  (Dec)  5.6500            DN 10.25                 6.4350
   Chicago Wheat      (Dec)  5.0675            DN 12.00                 4.4325
   Chicago Corn       (Dec)  3.5250            DN 14.25                 3.5150
   Chicago Soybeans   (Nov)  8.4000            UP 8.25                  9.6050

*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
                             5.6675            DN 16.00              4.6425-5.1925
US 2 Soft Red Winter Wheat
                             5.3675            DN 12.00-DN 17.00     4.7325-4.7825
Corn
  Barge                      3.8450-3.9050     DN 17.25-DN 14.25     3.6850-3.7150
US 2 Sorghum
  Rail                       7.3650            DN 25.50              7.3475-7.7950
  Barge                      n/a               No Comp                   n/a
US 2 Yellow Soybeans
  Barge                      8.3600-8.4000     UP 9.25-UP 8.25       10.0250-10.0550


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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