USDA National Grain Review

ST. JOSEPH - Jan 5/07 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jan 5.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   For the week grain and soybean bids saw moderate sharp losses.  The board was
closed the first two days of the New Year in observance of the holiday but
opened Wednesday sharply lower and continued to see losses on Thursday.  Wheat
was pressured by favorable weather in the HRW wheat region and the lower corn.
The area received snow which will insulate the crop from severe cold weather and
much needed precipitation.  Corn bids declined due to fund selling and favorable
weather in South America.  Soybeans saw moderate losses in reaction to the lower
grains and good South American weather for crop development.  Wheat was mostly
26-38 cents lower.  Yellow corn was 22-29 cents lower.  Sorghum was 46-56 cents
lower.  Soybeans were mostly 12-15 cents lower.

EXPORT SALES:
PURCHASER                 COMMODITY                TONNAGE      DELIVERY DATE

Egypt                     Soft White               60,000       Feb 1-10
Egypt                     Soft Red                 60,000       Feb 1-10

Pvt. Ex. to Egypt         Corn                    120,000       06-07 Mkting Yr.
Pvt. Ex. to Mexico        Corn                     90,000       06-07 Mkting Yr.
                          Corn                    320,000       07-08 Mkting Yr.

Total:  Wheat 120,000 tonnes.  Corn 530,000 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 35
cents lower from 5.02 1/4-5.30 1/4 per bushel.  Kansas City US No 2 Soft Red
Winter rail bid was 35 cents lower from 4.07 1/4-4.17 1/4 per bushel.  St. Louis
truck US No 2 Soft Red Winter terminal bid was 38 cents lower at 4.41 per
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5
percent protein rail, was 26 cents lower from 5.11 1/4-5.26 1/4 per bushel.
Portland US Soft White Wheat rail was 15 to 18 cents lower from 4.83-4.89 per
bushel.

   CORN:  Kansas City US No 2 rail White Corn was 10 to 15 cents lower from
4.10-4.15 per bushel.  Kansas City US No 2 truck Yellow Corn was 27 to 29 cents
lower from 3.40-3.42 per bushel.  Omaha US No 2 truck Yellow Corn was not
available.  Chicago US No 2 Yellow Corn was 22 1/4 to 25 1/4 cents lower from
3.34 1/4-3.53 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 24 1/4 to 26
1/4 cents lower from 3.40 1/4-3.41 1/4 per bushel.  Minneapolis US No 2 Yellow
Corn rail was 27 1/4 cents lower at 3.12 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 16 1/2 cents lower from 2.73 1/4-2.76 1/4 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was steady at
4.20 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 48 cents lower at 5.84 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 46 to 56 cents lower from 6.20-6.33 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans no bid.  Illinois Processors US
No 1 Yellow truck soybeans were 7 1/4 to 12 1/4 cents lower from 6.53 1/2-6.65
1/2 per bushel.  Kansas City US No 2 Yellow truck soybeans were 13 to 15 cents
lower at 6.38 per bushel.  Decatur 48 percent Soybean meal, processor rail bid
was 4.60 higher from 181.30-191.30 per ton.  Decatur crude Soybean oil processor
bid was 28 to 53 points lower from 27.15-28.40 cents per pound.  Sunflower Oil
was not available.

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

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