USDA National Grain Review

ST. JOSEPH - Sep 8/06 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Sep 8.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Wheat was uneven after last week’s solid gains.  The weather in the southern
plains has improved for the winter crop planting season.  Late support in the
week was in reaction to the higher corn and soybeans.  Corn bids declined after
the holiday but recovered some of its losses on Thursday.  The corn harvest is
expected to be at full swing in a few weeks pressuring bids, along with talk of
increasing production numbers for next weeks USDA report.  This year’s crop is
looking good as most of the Midwest received timely rain.  Soybeans continue
their down trend due to spillover pressure from neighboring pits and talk of
increasing production estimates in the USDA report.  Wheat was 8 cents lower to
8 cents higher.  Corn was 2 cents lower to 14 cents higher.  Sorghum was 3 cents
lower to 20 cents higher.  Soybeans were mostly 2-6 cents lower.

EXPORT SALES:
PURCHASER                 COMMODITY               TONNAGE       DELIVERY DATE

CCC to Kenya              12.5 HRWW                25,000        Sep 15-25
Egypt               U.S.  Soft Red Winter         115,000       Oct 1-10
                Canadian  Soft Red wheat           55,000
Taiwan                    Hard Red Winter          14,230       Oct 9-23
                          Dark Northern Spring     30,250       Oct 9-23
                          Western White             5,030       Oct 9-23
South Korea         11.5 pct Hard Red Winter        1,500       Nov
                    14.0 pct Dark Northern Spring   4,100       Nov
                    10.5 pct Soft White            14,200       Nov
                     8.5 pct Soft White             2,800       Nov

Malta          U.S.    2 Northern Spring or
                         Dark Northern Spring      15,000      Nov

CCC to the Congo          Yellow Corn               9,940        Sep15-25
South Korea               Corn                    110,000      Dec 10-25

CCC Somalia               Sorghum                   7,580        Sep 15-25

Total:  U.S. Wheat 227,110 tonnes; Canadian 55,000 tonnes.  Corn 119,940 tonnes.
Sorghum 7,580 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 8
1/4 cents lower from 5.06-5.40 per bushel.  Kansas City US No 2 Soft Red Winter
rail bid was 3/4 cent higher from 3.74-3.94 per bushel.  St. Louis truck US No 2
Soft Red Winter terminal bid was 6 cents higher at 3.70 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
5 1/4 to 8 1/4 cents lower from 4.83-5.00 per bushel.  Portland US Soft White
Wheat rail was 2 cents lower to 8 cents higher from 4.10-4.16 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 6 to 7 cents higher from 2.33-
2.38 per bushel.  Kansas City US No 2 truck Yellow Corn was steady to 1 cent
lower from 2.15-2.16 per bushel.  Omaha US No 2 truck Yellow Corn was 2 cents
lower from 2.05-2.06 per bushel.  Chicago US No 2 Yellow Corn was 2 1/4 cents
lower to 14 3/4 cents higher from 2.09 3/4-2.29 3/4 per bushel.  Toledo US No 2
rail Yellow corn was 2 1/4 cents lower to 4 3/4 cents higher from 2.15 3/4-2.22
3/4 per bushel.  Minneapolis US No 2 Yellow Corn rail was 1 3/4 cents higher at
2.01 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 1 3/4 cents higher from 2.09 1/2-2.12 1/2 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was steady at
3.20 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 3 cents lower at 3.77 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 3 to 20 cents higher from 3.95-4.03 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 6 3/4 cents lower at 4.79
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 4 3/4 cents
lower to 2 1/4 cents higher from 5.27-5.40 per bushel.  Kansas City US No 2
Yellow truck soybeans were 2 cents lower at 5.18 per bushel.  Decatur 48 percent
Soybean meal, processor rail bid was 2.30-3.30 higher from 158.50-167.50 per
ton.  Decatur crude Soybean oil processor bid was 79 points lower from 23.17-
24.02 cents per pound.  Sunflower Oil was not available.

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

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STAT News Service