USDA Livestock, Poultry & Grain Market News – Compared to two weeks ago, organic grains trade good on moderate demand. Trade activity too limited on food grade organic grains to trend.
Feed grade corn trade activity steady, demand moderate at seven cents lower FOB. Feed grade soybean trade activity steady, with demand moderate and trade 42 cents lower FOB. Trade limited on soybean meal with no comparable trades from the prior trading period.
Trade too limited on soybean oil to trend, but steady undertones noted. Feed grade HRW wheat trade too limited to trend, but steady undertones noted.
Forward contract activity on new crop organic grains limited. Grower bids on feed corn 7.50 to 8.00 per bushel FOB, feed soybeans 18.50 per bushel delivered, feed grade wheat bids 8.00 per bushel delivered, feed oats 4.00 per bushel delivered, and feed rye 7.00 per bushel delivered.
According to the NASS National Crop Progress Report, percentages for the week ending July 31, 2016 were, corn silking 91 per cent, corn dough 30 per cent, soybeans blooming 85 per cent, soybeans setting pods 54 per cent, sorghum headed 61 per cent, sorghum colouring 26 per cent, winter wheat harvested 89 per cent, spring wheat harvested 10 per cent, oats harvested 53 per cent and barley harvested 11 per cent.
*To view the full market report courtesy of the USDA, click here.
*All prices listed in US dollars