Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO    Fri Jan 25, 2013    USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Soybeans and wheat closed the week higher while corn failed to post a rally 
and closed lower on Friday.  Corn had a quiet session for the most part o and 
failed to generate any buying interest.  Wheat posted a solid rally at all three 
exchanges as support came from a weaker dollar index and dry conditions in the 
Southern Plains.  Weekly export sales for corn were bearish totaling 189,300 mt 
(7.5 mb).  Soybeans had strong weekly export sales totaling 978,300 mt (35.9 
mb).  Wheat had export sales totaling 647,500 mt (23.8 mb).  Wheat closed 8-9 
cents higher.  Corn traded mostly 3 cents lower.  Soybeans closed 5-9 cents 
higher.



                              DATE         CHANGE               YEAR AGO
TRUCK BIDS:                 01/25/13      01/24/13              01/27/12

Wheat:   
   Kansas City (HRW ORD)    7.90-7.93      up 8                    6.75
   Minneapolis (DNS)           8.80        up 9 1/2             8.86 1/4
   Portland (SWW)           8.50-8.76 1/2  unch-up 8               N/A 
   St. Louis (SRW)             7.94        up 9                    6.62
 
Corn, US No 2 Yellow: 
   Kansas City                 7.59        dn 3                 6.57-6.60
   Minneapolis              7.06 3/4       dn 1 1/2               No Bid
   So. Iowa             7.13 3/4-7.24 3/4  dn 3-2 1/2       6.32 3/4-6.36 3/4
   Omaha                    7.41-7.44      dn 3                 6.49-6.50

Soybeans, US No 1 Yellow: 
   Kansas City                14.89        up 6                   12.29
   Minneapolis                No Bid       n/a                    No Bid
   So. Iowa                14.42-14.45     up 9 3/4-6 3/4      12.01-12.04
   Cent. Il Processor      14.71-14.81     up 5 3/4            12.13-12.29
 
FUTURES: 
   Kansas City (Mar) Wheat     8.29 1/2    up 8                 7.00
   Minneapolis (Mar) Wheat     8.65        up 9 1/2             8.26 1/4 
   Chicago     (Mar) Wheat     7.76 1/2    up 8                 6.47 1/4
   Chicago     (Mar) Corn      7.20 3/4    dn 3 1/2             6.41 3/4
   Chicago     (Mar) Soybeans 14.41        up 5 3/4            12.19

*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     9.14 1/2-9.24 1/2      up 8                       7.50-7.70
US 2 Soft Red Winter Wheat:                                   
     Barge    8.49 1/2-8.55 1/2      up 9-14                7.07 1/4-7.17 1/4
Yellow Corn:                                                                
     Barge    7.70 3/4-7.72 3/4      dn 3 1/2-2 1/2         7.08 3/4-7.19 3/4 
US 2 Sorghum                                              
     Rail     13.13 3/4-13.58 1/2    dn 6 1/4              11.99 1/2-12.44 1/4
     Barge    13.30-13.31 3/4        dn 6 1/4              12.35 1/4-12.62
US 2 Yellow Soybeans                 
     Barge    15.41-15.51            up 6 3/4-10 3/4           12.94-12.95 

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Greg Harrison, Market Reporter (816)238-0678
         www.ams.usda.gov/LSMarketNews 
              
1525c    glh





. 

1. Vilsack: Taking time to remember the fallen
2. Ag markets diverge just before the long holiday weekend
3. Study suggests dairy herd water quality linked to milk production
4. Wis. lawmakers question challenges to large wells
5. Traders evening up positions ahead of the weekend Friday
6. Bio-Vet and Keller break ground on new facility

1. Commentary: Milk faces branding dilemma
2. 4 rules for growing a business or industry
3. Salma Hayek: Milk part of 'perfect' breakfast
4. Chocolate milk a top post-workout food
5. Seven jobs more dangerous than farming
6. What do dairy exports mean for Minnesota?

1. Seven jobs more dangerous than farming
2. White House urges Senate to cut crop insurance in farm bill
3. Class III futures close out quietly last week
4. 4 rules for growing a business or industry
5. Drop in U.S. underground water levels has accelerated
6. Ongoing wave of Calif. metal theft prompts further legislation