National Grain Report

Compared to last week, cash bids for wheat, corn and soybeans are lower; Sorghum is mixed.

For the week ending March 26, 2020, an increase of 42.3 million bushels of corn export sales for 2019-20 were reported while an increase of 35.2 million bushels of soybean exports sales for 2019-20 were formulated.  Wheat export sales showed an increase of 2.7 million bushels for 2019-20 were reported. Sorghum export sales showed an increase of 7.9 million bushels for 2019-20 were reported.

Ethanol production for the week ending March 27, 2020 reported a decrease of 165,000 barrels per day to 0.840 million barrels a day. Ethanol stocks increased 1.6 million barrels at 25.7 million barrels.

Corn planted in 2020 is estimated at 97.0 million acres, up 8 percent or 7.29 million acres from last year. Soybean planted for 2020 is estimated at 83.5 million acres, up 10 percent from last year. All wheat planted for 2020 is estimated at 44.7 million acres, down 1 percent from 2019

Corn Stocks Down 8 Percent from March 2019, Soybean Stocks Down 17 Percent and All Wheat Stocks Down 11 Percent.

Wheat was 5 cents lower to 58 1/4 cents lower.  Corn was 9 1/4 cents lower to 27 1/4 cents lower.  Sorghum was 28 cents lower to 27 cents higher.  Soybeans were 20 1/2 cents lower to 26 1/2 cents lower.

WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 58 1/4 cents lower from 5.49-5.59 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 43 cents lower at 5.57 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 32 1/4 to 42 1/4 cents lower from 6.29-6.39 per bushel.  Portland US Soft White wheat rail was 5 cents lower from 6.00-6.10 per bushel.

CORN:  Kansas City US No 2 rail White Corn was not quoted.  Kansas City US No 2 truck Yellow Corn was 20 1/4 to 27 1/4 cents lower from 3.28 1/2-3.33 1/2 per bushel. Omaha US No 2 Yellow Corn was 12 to 15 cents lower from 3.06-3.15 per bushel. Chicago US No 2 Yellow Corn was 12 1/4 to 16 1/4 cents lower from 3.33 1/2-3.39 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 15 1/4 cents lower at 3.28 1/2 per bushel.  Minneapolis US No 2 Yellow corn rail was 9 1/4 cents lower at 3.09 1/2 per bushel.

OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 3 cents higher from 2.64-3.34 per bushel.  US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis was not quoted.  Portland US 2 Barley, unit trains and Barges-export was not quoted.

SORGHUM:  US No 2 yellow truck, Kansas City was 26 to 27 cents higher from 5.96- 6.49 per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 26 to 28 cents lower from 5.32-5.87 per cwt.
 
OILSEEDS:  Minneapolis Yellow truck soybeans were 21 1/2 cents lower at 8.36 3/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 20 1/2 to 21 1/2 cents lower from 8.63 3/4-8.71 3/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 26 1/2 cents lower from 8.38 3/4-8.53 3/4 per bushel.  Illinois 48 percent soybean meal, processor rail bid was 13.80 lower from 309.10-312.10 per bushel.  Central Illinois Crude Soybean oil processor bid was 0.26 to 0.26 points lower from 25.64-26.49 per cwt.

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