Daily National Grain Market Summary
USDA - Fri Aug 10, 3:23PM CDT
SJ_GR850
St. Joseph, MO     Fri, Aug 10, 2018     USDA-MO Dept of Ag Market News

Daily National Grain Market Summary

  Compared to yesterday, cash bids for wheat, corn, soybeans, and sorghum were
lower.  The U.S.D.A. increased its corn yield estimate to a record 178.5 bushels
per acre for the United States in the August supply and demand report, a 4.4 bu
increase from July.  We did see an increase in corn demand of 225 million bu,
but this was not enough to off-set the increase in production.  Given current
demand estimates, this will put new crop ending stocks at 1.68 billion bu, which
is 130 million bu more than predicted a month ago.  The U.S. soybean yield is
now forecast at 51.6 bushels per acre, a 3.1 bushel increase from July.  Crop
size on soybeans is now forecast at 4.6 billion bu.  This is expected to give
the U.S. a new crop carryout of 785 million bu, a large 205 million bu more than
predicted in July.  Wheat was steady to 31 cents lower.  Corn was 4 1/2 to 11
1/2 cents lower.  Soybeans were 36 1/4 to 42 1/4 cents lower.  Sorghum was 19
3/4 cents lower.


                             DATE               CHANGE                 YEAR AGO
TRUCK BIDS:                  8/10/2018         8/9/2018               8/11/2017

Wheat:
   Kansas City (HRW ORD)     5.8975            DN 18.75              3.9125-3.9825
   Minneapolis               5.9875            DN 31.00                 6.7900
   Portland (SWW)            6.1200-6.2800       UNCH                5.1425-5.6000
   St. Louis (SRW)           5.4200-5.4600     No Comp               4.4000-4.4400

Corn, US No 2 Yellow:
   Kansas City               3.5275-3.5375     DN 11.50              3.4075-3.3725
   Minneapolis               3.0475            DN 4.50                  3.1475
   So. Iowa                  3.1675-3.2675     DN 11.50-DN 6.50      3.3575-3.3975
   Omaha                     3.3000-3.3100     DN 13.00              3.2500-3.3100

Soybeans, US No 1 Yellow:
   Kansas City               8.2675-8.3175     DN 42.25              9.2000-9.1525
   Minneapolis               7.6975            DN 42.25                 9.0800
   So. Iowa                  7.8975-7.9775     DN 36.25-DN 37.25     9.3100-9.4100
   Cent. Il Processor        8.1975-8.4375     DN 42.25              9.2600-9.4500

FUTURES:
   Kansas City Wheat  (Sep)  5.5975            DN 18.75                 4.4125
   Minneapolis Wheat  (Sep)  6.0875            DN 21.00                 6.7400
   Chicago Wheat      (Sep)  5.4675            DN 17.75                 4.3925
   Chicago Corn       (Sep)  3.5775            DN 11.50                 3.6075
   Chicago Soybeans   (Nov)  8.6175            DN 42.25                 9.4500

*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
                             6.4475            DN 18.75              4.4125-5.1625
US 2 Soft Red Winter Wheat
                             5.9675-6.0675     DN 17.75              4.7425-4.7525
Corn
  Barge                      4.1175-4.1275     DN 11.50              3.7875-3.9275
US 2 Sorghum
  Rail                       7.7100            DN 19.75              7.6750-7.7625
  Barge                      n/a               No Comp                   n/a
US 2 Yellow Soybeans
  Barge                      8.9175-8.9375     DN 42.25              9.9000-9.9200


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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