St. Joseph, Mo.
Oct. 11, 2019
Report Supplied by USDA

Compared to last week, cash bids for corn and sorghum lower and soybeans were higher; wheat was mostly higher. Ethanol production for week ending October 4th totaled 0.963 million barrels per day, a 5,000-barrel increase when compared to the week prior. Ethanol stocks were at 21.2 mb this week, a decrease of 1.995 mb. Monday’s crop condition report showed corn at 56 percent good to excellent which would be 12 percent less than a year ago this time. Corn dented is reported at 93 percent this week, 7 percent below a year ago. Corn mature is reported at 58 percent this week, 34 percent below a year ago and 27 percent below the previous five year average. Corn harvested is pegged at 15 percent, 12 percent below the previous five year average. Soybean condition was reported at 53 percent good to excellent which is 15 percent less than the same time a year ago. Soybeans dropping leaves reported at 72 percent, which is 18 percent behind last year and 15 percent behind the previous five year average. For the week ending October 3, 2019, an increase of 11.2 million bushels of corn export sales for 2019-20 were reported while an increase of 76.9 million bushels of soybean exports sales for 2019-20 were tabulated. Wheat export sales showed an increase of 19.2 million bushels for 2019-20 were reported. Wheat was 2 1/2 cents lower to 15 3/4 cents higher. Corn was 6 1/2 cents to 9 cents lower. Sorghum was 15 cents to 16 cents lower. Soybeans were 1 3/4 cents to 13 3/4 cents higher.

WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 2 1/2 cents lower from 4.83 1/4-4.93 1/4 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 5 cents higher at 4.78 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 13 3/4 to 15 3/4 cents higher at 6.25 1/4 per bushel. Portland US Soft White wheat rail was 10 cents higher from 5.95-6.00 per bushel.

CORN: Kansas City US No 2 rail White Corn was not quoted. Kansas City US No 2 truck Yellow Corn was 6 1/2 to 8 1/2 cents lower from 3.65 1/4-3.72 1/4 per bushel. Omaha US No 2 Yellow Corn was 7 to 9 cents lower from 3.65-3.70 per bushel. Chicago US No 2 Yellow Corn was 7 1/2 to 8 1/2 cents lower from 4.00 1/4-4.11 1/4 per bushel. Toledo US No 2 rail Yellow corn was 8 1/2 cents lower at 4.05 1/4 per bushel. Minneapolis US No 2 Yellow corn rail was 8 1/2 cents lower at 3.36 1/4 per bushel.

OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 2 1/4 cents lower to 3 3/4 cents higher from 2.86 3/4-3.40 3/4 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 15 to 16 cents lower from 6.17- 6.25 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 15 to 16 cents lower from 6.43-6.69 per cwt.

OILSEEDS: Minneapolis Yellow truck soybeans were 8 3/4 cents higher at 8.70 1/2 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 1 3/4 to 13 3/4 cents higher from 8.93 1/2-9.08 1/2 per bushel. Kansas City US No 2 Yellow truck soybeans were 11 3/4 cents higher from 8.48 1/2-8.83 1/2 per bushel. Illinois 48 percent soybean meal, processor rail bid was 4.90 higher from 309.80-317.80 per bushel. Central Illinois Crude Soybean oil processor bid was 0.11 points lower from 29.38-29.78 per cwt.

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