Compared to last week, cash bids for wheat and corn were mixed, while sorghum and soybeans were lower. Weather this week has been favorable for harvest, but has been disruptive to winter wheat planting. USDA said last week’s export sales and shipments of corn totaled 13.8 million bushels (mb) and 47.8 mb respectively, putting total commitments up 32 percent in 2018-19 from a year ago. Export sales and shipments of soybeans totaled 7.8 mb and 40.8 mb respectively. Total soybean export commitments are now down 26 percent in 2018-19 from a year ago and actual shipments are down 35 percent. Export sales and shipments of wheat totaled 16.3 mb and 14.7 mb respectively, another bearish showing for the week with exports now down 22 percent from a year ago. Wheat was from 28 1/4 cents lower to five cents higher. Corn was from 17 3/4 cents lower to three cents higher. Sorghum was 17 to 18 cents lower. Soybeans were 18 3/4 to 31 3/4 cents lower.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.