Daily National Grain Market Summary
SJ_GR850
St. Joseph, MO     Thu, Oct 11, 2018     USDA-MO Dept of Ag Market News

Daily National Grain Market Summary

  Compared to yesterday, cash bids for corn and sorghum were higher, while wheat
and soybeans were mixed.  USDA's estimate of world ending corn stocks was
increased from 157.0 to 159.35 mmt, which is still down 20% from the previous
season.  U.S. ending corn stocks were lower-than-expected at 1.813 billion
bushels (bb), down from 2.14 bb in the previous year.  USDA estimated U.S.
ending soybean stocks at 885 mb, with world ending soybean stocks estimate
increasing from 108.3 to 110.04 mmt (4.04 bb).  USDA increased its estimate of
U.S. ending wheat stocks from 935 to 956 mb for 2018-19.  Wheat was from 2 1/2
cents lower to 1 cent higher.  Corn was a 1/2 to 18 1/2 cents higher.  Soybeans
were from 9 cents lower to 9 cents higher.  Sorghum was 11 1/2 cents higher.


                             DATE               CHANGE                 YEAR AGO
TRUCK BIDS:                  10/11/2018        10/10/2018             10/12/2017

Wheat:
   Kansas City (HRW ORD)     5.1375            DN 2.50               3.5625-3.6025
   Minneapolis               5.7950            DN 2.25                  6.1625
   Portland (SWW)            6.0000-6.1800     UNCH-UP 1.00          5.0550-5.3100
   St. Louis (SRW)           4.6900-5.0800     DN 2.00               4.1500-4.2000

Corn, US No 2 Yellow:
   Kansas City               3.4625            UP 18.50                 3.0900
   Minneapolis               3.1725            UP 5.50                  2.9200
   So. Iowa                  3.2625-3.3425     UP 0.50-UP 7.50       3.0900-3.1400
   Omaha                     3.2400-3.2900     UP 6.00-UP 11.00      3.0700-3.1100

Soybeans, US No 1 Yellow:
   Kansas City               8.2325            DN 9.00               9.4200-9.4700
   Minneapolis               7.7125            UP 6.00                  9.3000
   So. Iowa                  7.7925-7.8825     UP 2.00-UP 1.00       9.4900-9.5200
   Cent. Il Processor        8.0625-8.1825     UP 9.00-UP 1.00       9.6200-9.7200

FUTURES:
   Kansas City Wheat  (Dec)  5.1375            DN 2.50                  4.2625
   Minneapolis Wheat  (Dec)  5.8950            DN 2.25                  6.1125
   Chicago Wheat      (Dec)  5.0800            DN 2.50                  4.3050
   Chicago Corn       (Dec)  3.6925            UP 6.50                  3.4900
   Chicago Soybeans   (Nov)  8.5825            UP 6.00                  9.9200

*EXPORT BIDS:  Barge bids out of the Port of New Orleans,
or Rail out of the North Texas Gulf. Bids Per bushel, except sorghum per cwt.

US 1 HRW Wheat Ord Protein
                             5.7375-5.9375     DN 2.50               4.4625-5.0125
US 2 Soft Red Winter Wheat
                             5.6300-5.6400     DN 2.50               4.7050-4.7550
Corn
  Barge                      4.0725-4.1425     UP 6.50-UP 3.50       3.7500-3.7800
US 2 Sorghum
  Rail                       7.2175            UP 11.50              7.4825-7.9275
  Barge                      n/a               No Comp                   n/a
US 2 Yellow Soybeans
  Barge                      8.5825-8.7825     UP 6.00               10.1000-10.2800


Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO
        Lindsay Brunet, Market Reporter 816-676-7000   StJoe.LGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/SJ_GR850.txt
        For more Grain Market News:
        https://www.ams.usda.gov/market-news/livestock-poultry-grain

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