USDA National Grain Review

ST. JOSEPH - Jan 6/06 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jan 6.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Grain and soybean bids were higher except wheat which was mix in the first
week of the New Year.  A short week in the trading pits this week as Monday was
a day off.  Wheat found support from the higher corn and soybeans, however, the
lack of overnight exports pressured the market.  Corn and soybeans ended in a
positive tone seeing up to double digit gains in the beans.  Argentina
experienced hot and dry weather this week causing stress in crops but the
chances of moisture for next week looks promising.  The weekly export sales were
not released on Thursday due to the holiday early in the week but are expected
to be out Friday morning.  Wheat was 12 cents lower to 13 cents higher.  Corn
was mostly 2-5 cents higher.  Sorghum was 3-9 cents higher.  Soybeans were 8-10
cents higher.

EXPORT SALES:
PURCHASER               COMMODITY                     TONNAGE    DELIVERY DATE

CCC to South Africa     Sorghum                        32,600    Jan 17-27

Total:  Sorghum 32,600 tonnes.

**THESE MAY NOT BE THE ONLY EXPORT SALES THAT HAVE TRANSPIRED, BUT THEY ARE
THE ONLY SALES THAT COULD BE CONFIRMED BY THE USDA GRAIN MARKET NEWS.**

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1
3/4 to 2 3/4 cents lower from 4.54 1/2-4 67 1/2 per bushel.  Kansas City US No 2
Soft Red Winter rail bid was 1/4 cent higher from 4.04 1/2-4.24 1/2 per bushel.
St. Louis truck US No 2 Soft Red Winter terminal bid was 3 to 13 cents higher
from 3.38-3.75 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring,
14.0 to 14.5 percent protein rail, was 12 1/2 cents lower from 4.85 1/2-5.00 1/2
per bushel.  Portland US Soft White Wheat rail was steady from 3.48-3.49 per
bushel.

   CORN:  Kansas City US No 2 rail White Corn was 2 to 5 cents higher from 1.88-
1.92 bushel.  US No 2 truck Yellow Corn was 5 cents higher at 1.91 per bushel.
Omaha US No 2 truck Yellow Corn was 3 to 4 cents higher from 1.91-1.93 per
bushel.  Chicago US No 2 Yellow Corn was 3 1/2 to 13 1/2 cents higher from 1.90
1/2-2.07 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 2 1/2 cents higher
from 1.96 1/2-1.98 1/2 per bushel.  Minneapolis US No 2 Yellow Corn rail was 1/2
cent higher at 1.76 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis has
no comparison but prices were from 2.17-2.19 per bushel.  US No 3 or better
truck malting Barley, 70 percent or better plump out of Minneapolis was 5 cents
higher at 2.85.  Portland US 2 Barley, unit trains and Barges-export has no
comparison but prices were from 4.90-5.05 per cwt.

   SORGHUM:  US No 2 yellow truck, Kansas City was 9 cents higher at 3.50 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 3 to 5 cents higher from 3.25-3.35 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans no bid.  Illinois Processors US
No 1 Yellow truck soybeans were 8 3/4 to 9 3/4 cents higher from 6.06 1/2-6.11
1/2 per bushel.  Kansas City US No 2 Yellow truck soybeans were 10 cents higher
at 5.94 per bushel.  Decatur 48 percent Soybean meal, processor rail bid was
8.80-9.80 higher from 191.30-199.30 per ton.  Decatur crude Soybean oil
processor bid was 180 to 205 points higher from 22.20-22.95 cents per pound.
Sunflower Crude Oil was steady to 156 points higher from 32.96-41.00 per pound.

SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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