USDA National Grain Review

ST. JOSEPH - Feb 9/07 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Feb 9.

WEEKLY NATIONAL GRAIN MARKET REVIEW


   For the week grain and soybean bids were mostly slight to moderately higher.
Wheat ended mix finding pressure from moisture in the forecast for the hard red
winter wheat region.  However, good weekly export sales lend support.  Weekly
export sales for wheat were above expectations coming in at 842,600 tonnes as
compared to trade estimates 450,000-650,000.  Corn gained most of the losses
from last week despite pressure from talk of increased acreage for this year.
The higher wheat and soybeans in the week spilled over into the corn market.
The weekly export sales for corn were above expectations coming in at 917,300
tonnes as compared to trade estimates of 700,000-900,000.  Soybeans saw gains
most of the week as talk of decline in planting acreage for this year surge the
market higher.  Good weekly export sales and the higher soybean meal market late
in the week added additional support.  The cold weather across the Midwest
boosted demand for meal.  Good South American weather for the coming harvest
limited the gains.  Weekly export sales were reported at 803,800 tonnes as
compared to 450,000-650,000.
   Wheat was 4 cents lower to 13 cents higher.  Yellow corn was 1-9 cents higher
with KC white corn 19-21 cents higher.  Sorghum was 3-4 cents higher.  Soybeans
were 17-20 cents higher.

EXPORT SALES:
PURCHASER                 COMMODITY               TONNAGE       DELIVERY DATE

CCC to Ethiopia           Hard Red Winter          15,000       Mar 5-16
Egypt                     Soft Red White           85,000       Apr
Japan       U.S.    11.7 pct Hard Red Winter       20,000       Apr
                    14.0 pct Dark Northern Spring  44,000       Apr
                    10.5 pct Western White         36,000       Apr

CCC to Sudan              Sorghum                  70,722       Feb 16-Mar 16

Total:  Wheat 200,000 tonnes.  Sorghum 70,722 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 3
3/4 cents lower from 5.18 3/4-5.43 3/4 per bushel.  Kansas City US No 2 Soft Red
Winter rail bid was 1 1/4 cent higher from 4.33 3/4-4.43 3/4 per bushel.  St.
Louis truck US No 2 Soft Red Winter terminal bid was 4 cents lower at 4.24 per
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5
percent protein rail, was 1/2 to 5 1/2 cents higher from 5.34-5.39 per bushel.
Portland US Soft White Wheat rail was 10 to 13 cents higher at 5.22 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 19 to 21 cents higher from
4.83-4.89 per bushel.  Kansas City US No 2 truck Yellow Corn was 1 to 2 cents
higher from 3.82-3.83 per bushel.  Omaha US No 2 truck Yellow Corn was 6 to 7
cents higher from 3.76-3.80 per bushel.  Chicago US No 2 Yellow Corn was 1 3/4
to 5 3/4 cents higher from 3.76 3/4-3.86 3/4 per bushel.  Toledo US No 2 rail
Yellow corn was 4 3/4 cents higher from 3.79 3/4-3.81 3/4 per bushel.
Minneapolis US No 2 Yellow Corn rail was 9 3/4 cents higher at 3.65 3/4 per
bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 7 cents lower at 2.63-2.65 per bushel.  US No 3 or better rail malting
Barley, 70 percent or better plump out of Minneapolis was 5 cents higher at 4.15
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 higher at 6.52 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 3 to 4 cents higher from 6.87-7.00 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans no bid.  Illinois Processors US
No 1 Yellow truck soybeans were 17 1/4 to 19 1/4 cents higher from 7.13 3/4-7.25
3/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 20 cents higher
at 7.07 per bushel.  Decatur 48 percent Soybean meal, processor rail bid was
7.40 to 9.40 higher from 197.30-203.30 per ton.  Decatur crude Soybean oil
processor bid was 85 points higher from 28.68-29.68 cents per pound.  Sunflower
Oil was not available.

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

---

STAT News Service