Daily National Grain Market Summary

SJ_GR850
St. Joseph, MO   Wed May 02, 2012     USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Grains closed with sharp losses on Wednesday on liquidation selling as 
recession fears tied to Europe swept across the grain complex.  The dollar 
traded higher in response to the weaker Euro.  Corn’s rapid planting pace has 
expectations for a big harvest, be it a long ways from being in the bin.  Ample 
world wheat stocks are meeting global demands and limiting buyer interest.  
Wheat closed 26-35 cents lower.  Corn traded 11-19 cents lower.  Soybeans closed 
16-20 cents lower.  


                              DATE         CHANGE                 YEAR AGO
TRUCK BIDS:                 05/02/12      05/01/12                05/04/11

Wheat: 
   Kansas City (HRW ORD)       5.99        dn 26                  8.03-8.08
   Minneapolis (DNS)           8.16        dn 23 1/4              9.70 1/4
   Portland                 6.95-7.14      dn 10-1                7.65-7.85
   St. Louis (SRW)             6.30        dn 35                     7.44
 
Corn, US No 2 Yellow: 
   Kansas City              6.32-6.37      dn 17                     7.21
   Minneapolis              6.18 1/2       dn 16 1/4              6.76 1/2
   So. Iowa             6.41 1/2-6.44 1/2  dn 11 1/2-16 1/2   7.10 1/2-7.15
   Omaha                    6.32-6.35      dn 17-19               7.18-7.23

Soybeans, US No 1 Yellow: 
   Kansas City                14.87        dn 19                    13.72
   Minneapolis                14.55        dn 19 3/4                12.96
   So. Iowa                14.79-14.84     dn 16 1/2-19 1/2      13.32-13.37
   Cent. Il Processor      14.88-14.95     dn 18 1/2-20 1/2      13.52-13.65

FUTURES: 
   Kansas City (Jul) Wheat     6.30 1/2    dn 26 1/2              8.77 3/4
   Minneapolis (Jul) Wheat     7.51        dn 23 1/4              9.15 1/4
   Chicago     (Jul) Wheat     6.14 1/2    dn 28 1/2              7.72
   Chicago     (Jul) Corn      6.11 1/2    dn 17 1/2              7.29 1/2
   Chicago     (Jul) Soybeans 14.85        dn 18 1/2             13.52

*EXPORT BIDS:  Barge bids out of the Port of New Orleans, or Rail out of the 
North Texas Gulf.  Bids per bushel, except sorghum per cwt.

US 1 HRW Wheat, Ord Protein: 
     Rail     6.79 1/2-6.80 1/2      dn 26 1/2                8.67 3/4-9.17 3/4
US 2 Soft Red Winter Wheat:                                   
     Barge    6.64 1/2-6.67 1/2      dn 29 1/2-28 1/2             8.16-8.22
Yellow Corn:                                                                
     Barge    6.94 1/2-7.04 1/2      dn 17 1/4-20 1/4             7.86 1/2 
US 2 Sorghum                                              
     Rail     n/a                    n/a                         12.62-12.67
     Barge    n/a                    n/a                             n/a
US 2 Yellow Soybeans                 
     Barge    15.45-15.48            dn 16 3/4-15 3/4            14.10-14.19

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Greg Harrison, Market Reporter (816)238-0678
         www.ams.usda.gov/LSMarketNews 
              
1522     glh





. 

1. Global food: waste not, want not
2. Heat stress in dairy calves
3. AFBF president issues statement on U.S.-EU trade negotiations
4. Buckle your seatbelt for the House consideration of the farm bill
5. Study: Federal milk marketing order would help Calif. producers
6. Ag markets were generally mixed overnight trading

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Cattle crush Calif. dairy worker
5. Ranching music video goes viral
6. WASDE: Corn price outlook lowered

1. Commentary: Clueless consumers
2. USDA report shows continued adoption of no-till
3. Finding the comedy in ag-gag
4. Expert offers tips to reduce hay-drying time
5. Commentary: Ag must resist HSUS 'divide and conquer' strategy
6. Chobani pushes back against UK Greek yogurt ban