U.S. National Grain Summary

SJ_GR851  
St. Joseph, MO    Fri Aug 27, 2010    USDA-MO Dept of Ag Market News
    
WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain and soybean bids closed mixed.  The grain 
markets saw losses on outside market pressure from a lower stock market and 
declines in crude oil prices.  However, row crops did see a recovery later in 
the week posting modest gains due to good weekly export sales, lower dollar, and 
a rebound in crude oil prices.  Wheat saw additional support from talk that 
Russia may import wheat due to drought and planting problems.  Weather over the 
weekend is expected to be dry throughout most of the Midwest with highs in the 
upper 80’s and low 90’s.  The corn crop showed improvement over last week 
instead of anticipated declining conditions and is maturing very fast with some 
fields ready for harvest.  Soybeans in some areas of the Midwest are turning but 
most are looking green.  Soybeans had weekly export sales totaling 991,800 
tonnes, with old crop sales of 167,700 tonnes.  Corn weekly export sales totaled 
1,735,900 tonnes, with old crop sales of 42,300 tonnes.  Wheat listed weekly 
export sales at 1,077,600 tonnes.
   Wheat was 30 cents lower to 14 cents higher.  Corn was mostly 1-10 cents 
higher.  Sorghum was 4-20 cents lower to 5 cents higher.  Soybeans were mostly 3 
to 12 cents higher.
 
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 5 
3/4 to 14 3/4 cents higher from 6.71-7.22 per bushel.  Kansas City US No 2 Soft 
Red Winter rail bid was 14 1/4 cents lower from 6.36-7.26 per bushel.  St. Louis 
truck US No 2 Soft Red Winter terminal bid was 5 cents higher at 6.14 per 
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 
percent protein rail, was 3 3/4 to 8 3/4 cents higher from 7.90 1/4-8.10 1/4 per 
bushel.  Portland US Soft White wheat rail was 5 to 30 cents lower from 6.05-
6.40 per bushel.
  
   CORN:  Kansas City US No 2 rail White Corn was 4 to 5 cents higher from 3.77-
3.84 per bushel.  Kansas City US No 2 truck Yellow Corn was 1 to 3 cents higher 
from 3.79-3.82 per bushel.  Omaha US No 2 truck Yellow Corn was 3 to 10 cents 
higher from 3.72-3.81 per bushel.  Chicago US No 2 Yellow Corn was 2 1/4 to 20 
1/4 cents higher from 3.71 1/2-4.19 1/2 per bushel.  Toledo US No 2 rail Yellow 
corn was 2 1/4 to 3 1/4 cents higher from 3.95 1/2-3.98 1/2 per bushel.  
Minneapolis US No 2 Yellow Corn rail was 1/4 cents higher at 3.66 1/2 per 
bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 
day was 4 1/2 cents lower to 7 1/2 cents higher from 2.59 1/2-2.71 1/2 per 
bushel.  US No 3 or better rail malting Barley, 70 percent or better plump out 
of Minneapolis was not available 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 4 cents lower at 6.64 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 4 cents lower to 5 cents higher from 6.70-6.73 per 
cwt.

OILSEEDS:  Minneapolis Yellow truck soybeans, was 10 1/4 cents higher at 9.85 
1/2 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 3 1/4 
cents lower to 12 1/4 cents higher from 10.29 1/2-10.69 1/2 per bushel.  Kansas 
City US No 2 Yellow truck soybeans were 3 cents higher at 10.50 per bushel.  
Central Illinois 48 percent Soybean meal, processor rail bid was 2.80 to 3.80 
higher from 325.30-341.30 per ton.  Central Illinois crude Soybean oil processor 
bid was 40 points lower from 35.84-36.89 cents per pound.

SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO
         Baldemar Ortiz, Market Reporter (816)238-0678
         www.ams.usda.gov/mnreports/SJ_GR851.txt
  
         For more Grain Market News:
         www.ams.usda.gov/lsg/mncs/ls_grain.htm
  
0827c    bro





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