Compared to last week, cash bids for wheat, corn, sorghum and soybeans were mostly higher. Grain futures have made some positive gains this week with corn and soybeans moving above their 50 day averages for the first time since Dec 20th. Ethanol margins are said to have improved this week but may still be an issue with some Midwest plants still ramping down production or remaining in idle. Export sales and shipments were not reported this week due to the government shutdown. Wheat was two cents lower to 38 cents higher. Corn was 5 1/4 to 38 1/4 cents higher. Sorghum was one to 10 cents higher. Soybeans were 30 3/4 to 35 3/4 cents higher.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.