Soybeans saw additional gains from good export demand. Brazilian harvest is in full force and advancing toward Argentina.
Wheat and corn lacked support as the Plains and Corn Belt saw moisture, further improving soil conditions. Export sales for corn were also bearish which helped pressure.
Corn planting in the south is ahead due to favorable conditions. The Plains and Midwest saw warmer temperatures this week melting away snow. Wheat weekly export sales were better than expected coming in at 618,100 tonnes for the current marketing year and 210,000 for the next for a total of 828,100 tonnes.
Corn export sales were negative coming in at a total of 156,600 tonnes. Net weekly export sales for soybeans came in at 392,000 tonnes for the current marketing year and 990,600 for the next marketing year for a total of 1,382,600 tonnes.
Wheat was mostly 4-18 cents lower. Corn was mostly 12-17 cents lower. Sorghum was 27-55 cents lower. Soybeans were 21-40 cents higher.
Wheat
Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 13 1/4 to 18 1/4 cents lower from 7.94 1/2-8.54 1/2 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 17 cents lower at 7.22 per bushel. Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 3 3/4 to 48 3/4 cents higher from 9.15 1/2-9.65 1/2 per bushel. Portland US Soft White wheat rail was 4 to 10 cents lower from 8.52-8.60 1/2 per bushel.
Corn
Kansas City US No 2 rail White Corn was 12 to 13 cents lower from 7.27-7.38 per bushel. Kansas City US No 2 truck Yellow Corn was 16 to 17 cents lower from 7.38-7.39 per bushel. Omaha US No 2 truck Yellow Corn was 12 cents lower from 7.27-7.31 per bushel. Chicago US No 2 Yellow Corn was 4 1/4 to 13 1/4 cents lower from 7.16 1/4-7.21 1/4 per bushel. Toledo US No 2 rail Yellow corn was 10 1/4 to 12 1/4 cents lower from 7.13 1/4-7.16 1/4 per bushel. Minneapolis US No 2 Yellow corn rail was 14 1/4 cents lower at 6.86 1/4 per bushel.
Oats and Barley
US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 7 1/4 cents higher from 4.14 1/2-4.24 1/2 per bushel. US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis was 5 cents lower at 7.05 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 41 cents lower at 12.16 per cwt. Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 27 to 55 cents lower from 12.24-12.34 per cwt.
Oilseeds
Minneapolis Yellow truck soybeans were at 14.70 1/2 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 21 1/4 to 26 1/4 cents higher from 15.18 1/2-15.21 1/2 per bushel. Kansas City US No 2 Yellow truck soybeans were 40 cents higher at 15.27 per bushel. Central Illinois 48 percent Soybean meal, processor rail bid was 30 cents higher from 445.10-451.10 per ton. Central Illinois Crude Soybean oil processor bid was 158 to 198 points higher from 48.40-49.15 cents per pound.
