Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO    Thu Feb 07, 2013    USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Corn lead grains lower with wheat closing with modest losses and soybeans 
closing with slight losses.  Corn closed with double-digit losses as outside 
markets were negative with the Stock Market and crude oil lower and the dollar 
closing with sharp gains also pressured wheat and soybeans.  Corn had bearish 
export sales totaling 168,900 mt (6.6 mb) with 8500 mt cancelled for next 
marketing year totaling 160.400 mt (6.6 mb).  Soybeans had bullish export sales 
totaling 1,667,200 mt (61.3 mb) with 896,200 mt (32.9 mb) for 2012-2013.  Wheat 
had bearish export sales of 300,800 mt (11.1 mb) with 290,800 mt (10.7 mb) for 
2012-2013.  Wheat closed mostly 5-9 cents lower.  Corn traded 11-12 cents lower.  
Soybeans closed mostly 1 cent lower.


                              DATE         CHANGE               YEAR AGO
TRUCK BIDS:                 02/07/13      02/06/13              02/09/12

Wheat:   
   Kansas City (HRW ORD)    7.61-7.66      dn 9                    6.87
   Minneapolis (DNS)        8.59 1/4       dn 5 1/2             9.03 1/2
   Portland (SWW)           8.47-8.71      dn 8-5 1/2           6.70-7.10
   St. Louis (SRW)             7.96        up 1                    6.79
 
Corn, US No 2 Yellow: 
   Kansas City                 7.51        dn 12                6.57-6.62
   Minneapolis                 6.98 3/4    dn 11 3/4              No Bid
   So. Iowa             7.06 3/4-7.22 3/4  dn 11 3/4-2 3/4  6.36 1/4-6.38 1/4
   Omaha                    7.34-7.39      dn 12                6.47-6.48

Soybeans, US No 1 Yellow: 
   Kansas City                15.22        dn 1                   12.44
   Minneapolis                No Bid       n/a                    No Bid
   So. Iowa            14.84 3/4-14.86 3/4 dn 3/4              12.10-12.25    
   Cent. Il Processor  15.12 3/4-15.26 3/4 dn 3/4              12.32-12.42    
 
FUTURES: 
   Kansas City (Mar) Wheat     8.01        dn 8 3/4             7.20
   Minneapolis (Mar) Wheat     8.39 1/4    dn 5 1/2             8.38 1/2
   Chicago     (Mar) Wheat     7.56        dn 5 1/2             6.62 1/4
   Chicago     (Mar) Corn      7.10 3/4    dn 11 3/4            6.42 1/4
   Chicago     (Mar) Soybeans 14.86 3/4    dn 3/4              12.32    

*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     8.86-8.96              dn 8 3/4                   7.62-7.82
US 2 Soft Red Winter Wheat:                                   
     Barge    8.33-8.40              dn 1/2-4 1/2           7.30 1/4-7.34 1/4
Yellow Corn:                                                                
     Barge    7.68 3/4-7.72 3/4      dn 11 3/4-9 3/4        7.09 1/4-7.12 1/4
US 2 Sorghum                                              
     Rail     12.96-13.40 3/4        dn 21-20 3/4            12.00 1/2-12.45    
     Barge    13.05-13.13 3/4        dn 21-30                      n/a
US 2 Yellow Soybeans                 
     Barge    15.61 1/2-15.71 3/4    up 2 1/2-dn 3/4          13.00-13.03      

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




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