Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO    Thu Jan 17, 2013    USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Grain closed lower on Thursday as outside markets were positive with the 
dollar lower, Stock Market and crude oil closing higher.  Soybeans had early 
gains before selling off with Brazil’s forecast for soybean production to 
increase over last weeks estimates.  Soybean exports were very bullish with 
1,608,800 mt (59.1 mb).  Corn after an extended price rally closed lower on 
selling with export sales of 393,300 mt (15.5 mb).  Wheat followed other grains 
lower despite positive exports of 536,200 mt (19.7 mb).  Wheat closed 4-6 cents 
lower.  Corn traded 6-8 cents lower.  Soybeans closed mostly 6-9 cents lower.

                              DATE         CHANGE               YEAR AGO
TRUCK BIDS:                 01/17/13      01/16/13              01/19/12

Wheat:   
   Kansas City (HRW ORD)    7.97-8.00      dn 6                    6.33
   Minneapolis (DNS)        8.84 1/4       dn 2 1/4                8.49 
   Portland (SWW)           8.50-8.71 1/4  unch-dn 3 3/4        6.25-6.30
   St. Louis (SRW)             7.96        dn 4                    6.20
 
Corn, US No 2 Yellow: 
   Kansas City                 7.63        dn 6                 6.18-6.21
   Minneapolis              7.08 1/2       dn 5 3/4               No Bid
   So. Iowa             7.15 1/2-7.27 1/2  dn 6 3/4             5.92-5.98    
   Omaha                       7.48        dn 6-8               6.11-6.13

Soybeans, US No 1 Yellow: 
   Kansas City                14.78        dn 7                   12.07
   Minneapolis                No Bid       n/a                    No Bid
   So. Iowa            14.27 1/4-14.31 1/4 dn 6 1/4            11.74-11.79    
   Cent. Il Processor  14.62 1/4-14.75 1/4 dn 9 1/4-1 1/4      11.89-12.02    
 
FUTURES: 
   Kansas City (Mar) Wheat     8.37        dn 5 1/2             6.58
   Minneapolis (Mar) Wheat     8.69 1/4    dn 2 1/4             7.99     
   Chicago     (Mar) Wheat     7.81 1/4    dn 3 3/4             6.05 3/4
   Chicago     (Mar) Corn      7.24 1/2    dn 6 3/4             6.06    
   Chicago     (Mar) Soybeans 14.30 1/4    dn 6 1/4            11.97    

*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     9.22-9.32              dn 5 1/2                   7.08-7.28
US 2 Soft Red Winter Wheat:                                   
     Barge    8.46 1/4-8.53 1/4      dn 3 3/4               6.63 3/4-6.68 3/4
Yellow Corn:                                                                
     Barge    7.76 1/2-7.80 1/2      dn 6 3/4-9 3/4             6.70-6.73     
US 2 Sorghum                                              
     Rail     13.20 1/2-13.47 1/4    dn 12                 11.30 1/4-11.80 1/4
     Barge    13.11 1/2-13.38 1/2    dn 12 1/4             11.89 1/4-11.98 1/4
US 2 Yellow Soybeans                 
     Barge    15.26 1/4-15.33 1/4    dn 6 1/4-10 1/4           12.66-12.72     

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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