Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO    Fri Feb 08, 2013    USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Soybeans fell hard after USDA’s Supply and Demand Report came out while corn 
and wheat closed with slight losses.  Corn had slight losses as USDA Report had 
ending stocks increasing to 632 mb from 602 mb last month and export demand cut 
50 mb.  Soybeans closed with sharp losses as USDA had Brazil soybean crop 
production well above expectations.  US ending stocks were at 125 mb, 4 mb below 
trade expectations.  Wheat had ending stocks at 691 mb vs 716 mb in January and 
with feed demand increasing 25 mb.  Wheat closed unchanged to 3 cents lower.  
Corn traded mostly 2-3 cents lower.  Soybeans closed mostly 34 cents lower.


                              DATE         CHANGE               YEAR AGO
TRUCK BIDS:                 02/08/13      02/07/13              02/10/12

Wheat:   
   Kansas City (HRW ORD)    7.60-7.65      dn 1                 6.48-6.50
   Minneapolis (DNS)        8.56 1/4       dn 3                 8.79 1/4
   Portland (SWW)           8.47-8.71 1/4  unch-dn 1/4          7.00-7.15
   St. Louis (SRW)             7.96        unch                    6.49
 
Corn, US No 2 Yellow: 
   Kansas City                 7.49        dn 2                 6.47-6.52
   Minneapolis                 6.97        dn 1 3/4               No Bid
   So. Iowa                 7.05-7.21      dn 1 3/4         6.23 3/4-6.26 3/4
   Omaha                    7.31-7.37      dn 3-2               6.37-6.40

Soybeans, US No 1 Yellow: 
   Kansas City                14.88        dn 34                  12.41
   Minneapolis                No Bid       n/a                    No Bid
   So. Iowa            14.50 1/2-14.52 1/2 dn 34 1/4           12.09-12.15    
   Cent. Il Processor  14.78 1/2-14.92 1/2 dn 34 1/4           12.32-12.39    
 
FUTURES: 
   Kansas City (Mar) Wheat     7.99 3/4    dn 1 1/4             6.73
   Minneapolis (Mar) Wheat     8.36 1/4    dn 3                 8.14 1/4
   Chicago     (Mar) Wheat     7.56 1/4    up 1/4               6.30    
   Chicago     (Mar) Corn      7.09        dn 1 3/4             6.31 3/4
   Chicago     (Mar) Soybeans 14.52 1/2    dn 34 1/4           12.29    

*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     8.84 3/4-8.94 3/4      dn 1 1/4                   7.23-7.43
US 2 Soft Red Winter Wheat:                                   
     Barge    8.33 1/4-8.39 1/4      up 1/4-dn 3/4              6.95-7.05     
Yellow Corn:                                                                
     Barge    7.67-7.73              dn 1 3/4-up 1/4        7.03 3/4-7.08 3/4
US 2 Sorghum                                              
     Rail     12.92 3/4-13.37 1/2    dn 3 1/4-2 1/4         11.81 3/4-12.26 1/4
     Barge    13.01 3/4-13.10 3/4    dn 3 1/4-2 1/4         11.72 3/4-12.26 1/4
US 2 Yellow Soybeans                 
     Barge    15.29 1/2-15.37 1/2    dn 32 1/4-34 1/4         12.99-13.02      

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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