USDA National Grain Review

ST. JOSEPH - Sep 27/02 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Sep 27.

  
WEEKLY NATIONAL GRAIN MARKET REVIEW

   This week bids have been mixed with wheat closing mostly higher.  Weekly 
exports came in above expectations which allowed wheat to settle down.  The 
largest customers included Mexico at 236,000 tons, Japan with 155,600 tons and 
the Philippines at 101,100 tons.  Corn harvest in Northwest Missouri is almost 
completed which is a month early due to dry weather conditions.  Soybean exports 
were also above expectations and lending light support.  Cooler temperatures 
have kept the drying process slow which is noted to help trade.  Wheat mostly 3 
to 22 cents higher with the exception of Portland 1 to 3 cents lower.  Corn was 
2 to 10 cents lower with Kansas City 21 cents lower.    Sorghum bids were 2 to 
12 cents lower.  Soybeans steady to 4 cents lower with Illinois 18 cents lower.

EXPORT SALES:
PURCHASER               COMMODITY                 TONNAGE      DELIVERY DATE

CCC Bangladesh   11.0 pct. Hard Red Winter Wheat  23,900       Dec 20-30
CCC Ecuador      12.0 pct. Hard Red Winter Wheat  27,000       Nov 1-20
Egypt                  Soft White Wheat           60,000       Nov 16-30 PNW
Guatemala        11.5 pct  Hard Red Winter Wheat  11,200       Nov
                 14.0 pct  Dark No Spring Wheat   20,300
CCC Honduras     12.0 pct. Hard Red Winter Wheat   3,700       Nov 22-Dec 2   
Japan         11.7 pct Hard Red Winter Wheat      20,000       Nov PNW
              14.0 pct Dark Northern Spring Wheat 45,000       Nov PNW
CCC Jordan       12.0 pct Hard Red Winter Wheat  200,000       Oct 5-Dec 26
CCC Vietnam   11.5 pct Hard Red Winter Wheat      10,000       Oct 5-15 
Mexico           Corn                             80,000       Dec
CCC Philippines  Yellow Corn                      10,600       Dec 20-30
CCC So. African  Corn                             65,250       Oct
Taiwan           Corn                             56,000       Oct 28-Nov 11
CCC Uzbekistan   Yellow Soybeans                  56,000       Oct 25-Nov 5                                                                                             
	Or Nov 12-26 
PNWCCC Indonesia    Soybean Meal                  25,000       Dec
CCC Vietnam      Soybean Meal                      6,250       Oct 5-15
   
Totals:  Wheat 421,100 metric tons.  Corn 211,850 metric tons.  Soybeans 56,000 
metric tons.  Soybean Meal 31,250 metric tons.

**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 US No 1 Hard Red Winter, ordinary protein rail bid 3 1/2 cents 
higher from 5.01 to 5.11 per bushel.  Kansas City US No 2 Soft Red Winter rail 
bid 6 1/2 cents higher from 4.42 to 4.72 per bushel.  St. Louis truck US No 2 
Soft Red Winter terminal bid 4 to 15 cents higher from 3.95 to 4.20 per bushel.  
Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0-14.5 percent protein 
rail, 22 cents higher from 5.34 to 5.39 per bushel.  Portland US Soft White 
Wheat, 1 to 3 cents lower from 4.55 to 4.58 per bushel.
  
   CORN:  Kansas City US No 2 rail White Corn 21 cents lower from 2.73 to 2.76 
per bushel.  US No 2 truck Yellow Corn 4 to 6 cents lower from 2.51 to 2.55 per 
bushel.  Omaha US No 2 truck Yellow Corn 9 to 10 cents lower from 2.43 to 2.45 
per bushel.  Chicago US No 2 Yellow Corn truck/rail bid 5 1/4 to 6 1/4 cents 
lower from 2.50 1/2 to 2.55 1/2 per bushel.  Toledo US No 2 rail Yellow corn 6 
1/4 cents lower from 2.51 1/2 to 2.55 1/2 per bushel.  Minneapolis US No 2 
Yellow Corn rail, 2 1/4 cent lower at 2.45 1/2B per bushel. 
  
   OATS AND BARLEY:  US 2 or Better rail Oats at Minneapolis, 8 1/4 to 11 1/4 
cents lower at 2.28 1/2.  US No 3 or better truck Malting Barley, 70 percent or 
better plump out of Minneapolis 10 cents higher at 3.00.  Portland US 2 Barley, 
unit trains and Barges-export steady to 5 cents lower from 5.90 to 6.00 per cwt.
  
   SORGHUM:  US No 2 yellow truck, Kansas City 7 to 10 cents lower at 4.66 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) 2 to 12 cents lower from 4.38 to 4.46 per cwt.
    
   OILSEEDS:  Illinois Processors US No 1 Yellow truck Soybeans steady to 18 
cents lower,  at 5.65 1/2 per bushel.  Kansas City US No 2 Yellow truck soybeans 
4 cents lower at 5.73 per bushel.  Minneapolis Yellow truck soybeans steady at 
5.57 1/2B per bushel.  Decatur 48 percent soybean meal, processor rail bid 4.50-
5.50 lower from 179.50 to 181.50 per ton.  Decatur crude Soybean oil processor 
bid 47 points higher from 20.12 to 20.62 cents per pound.  Sunflower Crude Oil 
135 points higher at 29.75 cents per pound.
  
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service

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