SJ_GR851 St. Joseph, MO Fri Oct 13, 2017 USDA-MO Dept of Ag Market News WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to last week, wheat and corn were mixed with soybeans trading lower. Spillover buying from soybeans could support the corn market again Friday. The December corn’s move to a new contract low on Thursday is not bullish, keeping in place its short-term pattern of lower highs and lower lows. November soybeans saw uptrends on both the weekly and daily charts strengthen Thursday. If commercial traders move to the sidelines in soybeans Friday, the market could give back some of Thursday’s gains. Winter Wheat contracts are technically oversold, possibly limiting now selling interest. Wheat’s long-term fundamentals remain bearish. Weekly export sales for wheat showed a total of 6.4 million bushels for the 2017-2018 marketing year. These numbers could be viewed as bearish for wheat. Export sales of corn showed a total of 63.3 million bushels for the 2017-2018 marketing year. These numbers can be viewed as bearish for corn. Weekly export sales of soybeans showed a total of 64.2 million bushels for the 2017-2018 marketing year. These numbers can be viewed as neutral for soybeans. Wheat was mixed, from 14 cents lower to 15 cents higher. Corn was mixed, mostly 1/2 to 2 1/2 cents lower. Sorghum was mixed from 1 cent lower to 17 cents higher. Soybeans were 18 3/4 to 42 3/4 cents higher. WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 3 cents lower from 4.41 1/4-5.51 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 9 to 15 cents higher from 4.15-4.20 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 5 3/4 to 10 3/4 cents higher at 7.21 1/4 per bushel. Portland US Soft White wheat rail was 11 1/2 to 14 cents lower from 5.04 1/4-5.31 per bushel. CORN: Kansas City US No 2 rail White Corn was not quoted. Kansas City US No 2 truck Yellow Corn was 1/2 to 2 1/2 cents lower at 3.09 per bushel. Omaha US No 2 Yellow Corn was 1 cent lower to 1 cent higher from 3.07-3.11 per bushel. Chicago US No 2 Yellow Corn was 1/2 cent lower from 3.14-3.39 per bushel. Toledo US No 2 rail Yellow corn was 1/2 cent lower to 2 1/2 cents higher from 3.22-3.27 per bushel. Minneapolis US No 2 Yellow corn rail was 23 1/2 cents higher at 2.91 per bushel. OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 12 1/2 cents lower to 14 1/2 cents higher from 2.68 3/4-3.21 3/4 per bushel. US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis was not available. Portland US 2 Barley, unit trains and Barges- export was not available. SORGHUM: US No 2 yellow truck, Kansas City was 17 cents higher at 5.52 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was steady to 1 cent lower from 5.70-6.23 per cwt. OILSEEDS: Minneapolis Yellow truck soybeans was 42 3/4 cents higher at 9.30 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 28 3/4-33 3/4 cents higher from 9.62-9.72 per bushel. Kansas City US No 2 Yellow truck soybeans were 18 3/4 to 23 3/4 cents higher from 9.42-9.47 per bushel. Illinois 48 percent soybean meal, processor rail bid was 0.60 lower to 11.40 higher from 316.60-330.30 per ton. Central Illinois Crude Soybean oil processor bid was 0.28 points higher from 30.78-33.03 cents per pound. SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO Dakota Arthur, Market Reporter (816)676-7000 www.ams.usda.gov/mnreports/SJ_GR851.txt For more Grain Market News: https://www.ams.usda.gov/market-news/livestock-poultry-grain 0815C dsa