Compared to last week, cash bids for wheat and soybeans were higher, while corn and sorghum were mixed.  This week’s markets have been influenced by international trade news.  The U.S. and China have both announced more tariffs in the ongoing trade disputes with each other.  There have also been rumors of Argentina increasing export taxes on their own corn farmers as well as them purchasing U.S. soybeans and selling them to China which has supported the soy complex this week.  USDA said last week’s export sales and shipments of corn totaled 54.5 million bushels (mb) and 42.4 mb respectively, a bullish combination that has total commitments up 50% from a year ago early in 2018-19.  Soybeans totaled 33.7 mb and 29.4 mb, putting total commitments down 7 percent from a year ago after almost two weeks in 2018-19.  Wheat totaled 17.2 mb and 11.6 mb respectively, keeping total wheat shipments down 31 percent in 2018-19 from a year ago.  Wheat was 10 to 56 1/2 cents higher.  Corn was from 4 cents lower to 2 cents higher.  Sorghum was from 15 cents lower to 3 cents higher.  Soybeans were 12 to 25 cents higher.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.