St. Joseph, MO Fri July 06, 2012 USDA-MO Dept of Ag Market News
WEEKLY NATIONAL GRAIN MARKET REVIEW
Compared to last week, grain and soybean bids traded sharply higher as hot
and dry weather conditions lend support. Record high temperatures for many
areas of the Midwest with very little chance of rain is pricing in lower yields
and decreasing crop conditions. The triple digit temperatures are hurting corn
pollination. Wheat was mostly 60-1.01 cents higher. Yellow Corn traded mostly
56-77 cents higher. Sorghum was mostly 1.49-1.58 higher. Soybeans were 1.27-
1.35 cents higher.
WHEAT: Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 73
to 77 cents higher from 8.47-9.38 per bushel. Kansas City US No 2 Soft Red
winter rail bid was 92 cents higher from 8.12-8.62 per bushel. St. Louis truck
US No 2 Soft Red Winter terminal bid was 93 cents higher at 8.26 per bushel.
Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent
protein rail, was 61 to 1.01 higher at 10.10 3/4 per bushel. Portland US Soft
White wheat rail was 60 to 65 cents higher from 8.10-8.20 per bushel.
CORN: Kansas City US No 2 rail White Corn was 66 to 73 cents higher from
7.42-7.70 per bushel. Kansas City US No 2 truck Yellow Corn was 72 to 77 cents
higher at 7.64 per bushel. Omaha US No 2 truck Yellow Corn was 65 to 68 cents
higher from 7.39-7.44 per bushel. Chicago US No 2 Yellow Corn was 56 3/4 to 66
3/4 cents higher from 7.08 3/4-7.58 3/4 per bushel. Toledo US No 2 rail Yellow
corn was 66 3/4 to 68 3/4 cents higher from 740 3/4-7.43 3/4 per bushel.
Minneapolis US No 2 Yellow corn rail was 96 1/2 cents higher at 7.28 3/4 per
OATS AND BARLEY: US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 31 1/4 to 41 1/4cents higher from 3.90 1/4-3.95 1/4 per bushel. US No 3
or better rail malting Barley, 70 percent or better plump out of Minneapolis was
65 cents lower at 6.50 per bushel. Portland US 2 Barley, unit trains and
Barges-export was not available per cwt.
SORGHUM: US No 2 yellow truck, Kansas City was 1.49 higher at 12.13 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 63-1.58 higher from 11.74-12.74 per cwt.
OILSEEDS: Minneapolis Yellow truck soybeans were 1.56 1/2 cents higher at
16.05 per bushel. Illinois Processors US No 1 Yellow truck soybeans were 1.30-
1.35 cents higher from 16.18-16.20 per bushel. Kansas City US No 2 Yellow truck
soybeans were 1.27 cents higher at 16.03 per bushel. Central Illinois 48 ercent
Soybean meal, processor rail bid was 46.70-47.70 higher from 467.30-486.30 per
ton. Central Illinois Crude Soybean oil processor
bid was 341 points higher from 52.58-53.33 cents per pound.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO
Greg harrison, Market Reporter (816)238-0678
For more Grain Market News:
Weekly National Grain Market Review