TheCropSite.com- news, features, articles and disease information for the crop industry

News

USDA Grain Review: Wheat Leads Markets Higher

USDA Grain Review: Wheat Leads Markets Higher

01 December 2012

US - Compared to last week, grain and soybean bids closed higher with wheat leading the way.

Wheat found support from continued weather concerns in the winter wheat region. Crop conditions were down another point to 33 percent good to excellent. Corn saw spillover support from wheat and soybeans.

Soybeans were higher on good demand. However, grains were under pressure Thursday closing with modest losses as wheat followed corn lower and soybeans closed slightly higher.

Corn had weak export sales of 236,100 tonnes for current marketing year. Soybeans had export sales above expectations at 319,100 tonnes for the current marketing year. Wheat had export sales below expectations at 279,300 tonnes for the current marketing year.

Wheat was 17-59 cents higher. Corn was 7-16 cents higher. Sorghum was 19-20 cents higher. Soybeans were 31- 40 cents higher.

Wheat

  • Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 41 3/4 to 59 3/4 cents higher from 9.68-10.36 per bushel.
  • Kansas City US No 2 Soft Red winter rail bid no quote per bushel.
  • St. Louis truck US No 2 Soft Red Winter terminal bid was 24 cents higher at 8.59 per bushel.
  • Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 17 1/4 to 27 1/4 cents higher from 10.31 1/4-10.41 1/4 per bushel.
  • Portland US Soft White wheat rail was not available 8.80-8.95 1/2 per bushel.

Corn

  • Kansas City US No 2 rail White Corn was 12 to 16 cents higher from 8.37-8.48 per bushel.
  • Kansas City US No 2 truck Yellow Corn was 11 cents higher at 7.87 per bushel.
  • Omaha US No 2 truck Yellow Corn was 11 to 16 cents higher from 7.79-7.80 per bushel.
  • Chicago US No 2 Yellow Corn was 7 1/2 to 12 1/2 cents higher from 7.41 1/2-7.63 1/2 per bushel.
  • Toledo US No 2 rail Yellow corn was 10 1/2 cents higher from 7.54 1/2-7.58 1/2 per bushel.
  • Minneapolis US No 2 Yellow corn rail was 9 1/2 cents higher at 7.23 1/2 per bushel.

Oats & Barley

  • US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 8 1/2 to 18 1/2 cents higher from 3.93 1/2-4.03 1/2 per bushel.
  • US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis was 5 cents higher at 7.25 per bushel.
  • Portland US 2 Barley, unit trains and Barges-export was not available per cwt.

Sorghum

  • US No 2 yellow truck, Kansas City was 20 cents higher at 13.25 per cwt.
  • Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 19 cents higher from 13.15-13.42 per cwt.

Oilseeds

  • Minneapolis Yellow truck soybeans no bid. Illinois Processors US No 1 Yellow truck soybeans were 31 3/4 to 39 3/4 cents higher from 14.52-14.68 per bushel.
  • Kansas City US No 2 Yellow truck soybeans were 40 cents higher at 14.68 per bushel.
  • Central Illinois 48 percent Soybean meal, processor rail bid was 11.80 to 14.80 higher from 457.70-467.70 per ton.
  • Central Illinois Crude Soybean oil processor bid was 74 to 124 points higher from 46.77-47.52 cents per pound.

TheCropSite News Desk



Our Sponsors