St. Joseph, Mo.
Oct. 18, 2019
Report Supplied by USDA
Compared to last week, cash bids for wheat, corn, sorghum and soybeans were higher; Dark Northern Spring wheat sharply higher. Ethanol production for week ending October 11th totaled 0.971 million barrels per day, a slight increase when compared to the week prior. Ethanol stocks were at 22.037 mb this week, an increase of .837 mb. Monday’s crop condition report showed corn at 55 percent good to excellent which would be 13 percent less than a year ago this time. Corn mature is reported at 73 percent this week, 23 percent below a year ago and 19 percent below the previous five year average. Corn harvested is pegged at 22 percent, 14 percent below the previous five year average. Soybean condition was reported at 54 percent good to excellent which is 12 percent less than the same time a year ago. Soybeans dropping leaves reported at 85 percent, which is 9 percent behind last year and 8 percent behind the previous five year average. For the week ending October 10, 2019, an increase of 14.5 million bushels of corn export sales for 2019-20 were reported while an increase of 58.8 million bushels of soybean exports sales for 2019-20 were tabulated. Wheat export sales showed an increase of 14.5 million bushels for 2019-20 were reported. Wheat was 5 to 33 cents higher with Dark Northern Spring 46 3/4 to 51 3/4 cents higher. Corn was 8 1/2 to 25 cents higher. Sorghum was 25 to 27 cents higher. Soybeans were 8 to 21 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 18 cents higher from 5.01 1/4-5.11 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 33 cents higher at 5.11 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 46 3/4 to 51 3/4 cents higher from 6.72-6.77 per bushel. Portland US Soft White wheat rail was 5 to 8 cents higher from 6.03-6.05 per bushel.
CORN: Kansas City US No 2 rail White Corn was not quoted. Kansas City US No 2 truck Yellow Corn was 17 1/2 to 21 1/2 cents higher from 3.86 3/4-3.89 3/4 per bushel. Omaha US No 2 Yellow Corn was 23 to 25 cents higher from 3.90-3.93 per bushel. Chicago US No 2 Yellow Corn was 8 1/2 to 14 1/2 cents higher from 4.14 3/4- 4.19 3/4 per bushel. Toledo US No 2 rail Yellow corn was 14 1/2 to 19 1/2 cents higher from 4.19 3/4-4.24 3/4 per bushel. Minneapolis US No 2 Yellow corn rail was 23 1/2 cents higher at 3.59 3/4 per bushel.
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 5 cents lower to 8 cents higher from 2.81 3/4-3.48 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 25 to 26 cents higher from 6.42- 6.51 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 26 to 27 cents higher from 6.70-6.95 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were 21 cents higher at 8.91 1/2 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 11 to 18 cents higher from 9.04 1/2-9.26 1/2 per bushel. Kansas City US No 2 Yellow truck soybeans were 8 to 20 cents higher from 8.68 1/2-8.91 1/2 per bushel. Illinois 48 percent soybean meal, processor rail bid was 1.00points lower from 308.80-316.80 per bushel. Central Illinois Crude Soybean oil processor bid was 0.61 points higher from 29.99-30.39 per cwt.
Source: USDA-MO Dept. of Ag Market News Service, St. Joseph, MO. Dillan Howe, Market Reporter (816) 676-7000.