Compared to last week, cash bids for wheat were mostly lower, corn, soybeans and sorghum were mixed. Ethanol production for the week ending Jan. 25 saw another drop of around 19,000 barrels compared to the week prior, putting ethanol stocks to 23.98 million barrels. USDA is working to get caught up on export sales and shipments figures for the first part of this year. Recently they have released figures for the week of Dec. 20 showing corn exports and sales for that week at 66.9 million and 35.4 million bushels, soybeans at 87.9 million and 22.5 million bushels and wheat at 19.3 million and 18.8 million bushels. Wheat was 16 cents lower to 20 cents higher. Corn was one cent lower to five cents higher. Sorghum was one cent lower to 42 cents higher. Soybeans were six cents lower to four cents higher.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.