St. Joseph, Mo.
May 16, 2018
Report Supplied by USDA

Compared to yesterday, cash bids for wheat were lower, corn, and soybeans were lower. Soybeans lost support today, possibly from an increase in commercial selling. Ethanol manufacturing for week ending May 11th totaled 1.06 million barrels per day, adding 18,000 barrels per day compared to the week prior. Wheat was mostly 4 to 5 cents lower. Corn was mostly 3 cents lower. Soybeans were 15 to 19 cents lower.

Truck Bids

WHEAT: Kansas City (HRW ORD): 4.9900, UP 4.25, yr ago 3.8650. Minneapolis: 6.4125, UP 5.00, yr ago 6.3100-6.4100. Portland (SWW): 5.7500-5.9000, UNCH-DN 1.50, yr ago 4.7200-4.8500. St. Louis (SRW): 4.8000-5.0000, UP 1.00-DN 1.00, yr ago 3.9200-4.3400.

CORN, US NO 2 YELLOW: Kansas City: 3.8925, DN 3.00, yr ago 3.6150. Minneapolis: 3.5525, DN 3.00, yr ago 3.6150. So. Iowa: 3.7225-3.7625, DN 3.00, yr ago 3.5650-3.6000. Omaha: 3.7400-3.7800, DN 3.00, yr ago 3.4400-3.4800.

SOYBEANS, US NO 1 YELLOW: Kansas City: 9.8475, DN 19.00, yr ago 9.5575. Minneapolis: 9.4475, DN 15.00, yr ago 9.4350. So. Iowa: 9.5975-9.6575, DN 19.00-DN 20.00, yr ago 9.5875-9.6375. Cent. Il Processor: 9.7475-9.8475, DN 19.00, yr ago 9.6075-9.7575.

Futures

Kansas City Wheat (Jul): 5.1400, UP 4.25, yr ago 4.2650.

Minneapolis Wheat (Jul): 6.1125, UP 5.00, yr ago 5.4100.

Chicago Wheat (Jul): 4.9425, UP 0.75, yr ago 4.2700.

Chicago Corn (Jul): 3.9925, DN 3.00, yr ago 3.7150.

Chicago Soybeans (Jul): 9.9975, DN 19.00, yr ago 9.7575.

Source: USDA-MO Dept. of Ag Market News Service, St. Joseph, MO. Dillan Howe, Market Reporter (816) 676-7000.