Des Moines, Iowa
Aug, 15, 2018
Report Supplied by USDA
Compared to two weeks ago: Trade activity moderate on good dem and for feed grade corn, soybeans and wheat. Growers are cleaning up old crop supplies of feed grade corn as we approach new crop. Buyers still looking for old crop supplies of feed grade soybeans and wheat. Trade activity picking up on feed grade barley and rye with barley trading 6.80-7.25 delivered and rye 7.35-7.50 delivered. Demand good on food grade wheat. Buyers are reporting protein levels higher than last year on lower yields. Feed grade soybean meal traded 47.49 lower on light activity with forward contract activity at the 840.00 FOB level. Soybean oil mostly steady on light activity. The next available report will be August 29, 2018.
Grower FOB Farm Gate Organic Grain
GROWER SPOT FEED GRADE PRICES: Yellow Corn: 9.00-11.00, avg 9.94, down 0.06, yr ago 8.33. Soybeans: 17.00-20.50, avg 19.41, yr ago 18.33.
FORWARD CONTRACTS: Feed Grade Yellow Corn: 8.50-9.75 for Oct ‘18-Mar ‘19. Soybeans: 18.25-18.75, avg Oct ‘18-Mar ‘19. Food Grade Wheat: 10.35 for Aug ‘18-Sep’ 18.
CASH BIDS: Feed Grade Yellow Corn: 9.50-10.00. Soybeans: 18.50-20.00.
Grower Delivered Warehouse
and Elevator Organic Grain
GROWER SPOT FEED GRADE PRICES: Yellow Corn: 9.25-10.80, avg 10.18, down 0.47, yr ago 8.66. Soybeans: yr ago: 18.54. Wheat: 7.50-9.75, avg 9.35, down 0.28.
FORWARD CONTACTS: Yellow Corn: 9.10-9.40 for Oct ‘18-Mar ‘19. Food Grade Soybeans: 23.00 for Oct ‘18-Dec ‘18.
CASH BIDS: Feed Grade Yellow Corn: 10.00-11.00. Soybeans: 18.75-20.00. Wheat: 9.50. Oats: 3.75. Barley: 7.25. Rye: 7.35. Food Grade Yellow Corn: 10.50.
SOURCE: USDA Livestock, Poultry, and Grain Market News, Greeley, Colorado | 970-353-9750 | firstname.lastname@example.org; and USDA Livestock, Poultry, and Grain Market News, Des Moines, Iowa | 515-284-4460 | email@example.com, ams.usda.gov/LPSMarketNewsPage