Compared to last week, cash bids for corn and wheat were mixed, while soybeans and sorghum were higher. Weather this season has plagued harvest so far. USDA said last week’s export sales and shipments of corn totaled 56.3 million bushels (mb) and 55.4 mb respectively, another bullish week that has total corn shipments up 50% in 2018-19 from a year ago. Last week’s sales and shipments of soybeans totaled 55.9 mb and 26.5 mb respectively. Soybeans’ total shipment pace remains bearish however, down 23% in 2018-19 from a year ago. Last week’s export sales and shipments of wheat totaled 16.0 mb and 11.7 mb respectively, another bearish showing that has total shipments down 31% in 2018-19 from a year ago. Wheat was from 1 cent lower to 35 cents higher. Corn was from 3 1/4 cents lower to 9 3/4 cents higher. Sorghum was 5 cents higher. Soybeans were 4 1/4 to 9 1/4 cents higher.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.