USDA National Grain Review

ST. JOSEPH - Apr 13/07 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Apr 13.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   For the week grain and soybeans were mostly lower.  Wheat for the week had
support over the uncertainty of the freeze damage this past week over the
major wheat growing regions. Weekly export sales for wheat came in at 808,700
tonnes as compared to trade expectations between 250,000-450,000 tonnes. With
cool and moist conditions in the central and southern plains are expected to
help in the crop conditions resulting from the freeze over the past weekend.
   Corn closed mixed on the week, with ideas now that the farmers in the
western Corn Belt will be able to get some field work done next week with
cool dry conditions forecasted. Weekly export sales for corn came in at 1.507
tonnes as compared to trade expectations between 600,000-800,000 tonnes.
   Soybeans were moderately lower on the week with slow export sales,
increased competition from a bumper crop in South America and weakness in the
corn market help drive the soybeans lower this week. Weekly export sales were
143,000 tonnes as compared to trade expectations  between  200,000-400,000
tonnes
   Wheat was mixed on the week ranging from 2 cents lower to 13 cents higher.
Yellow corn was 8 cents lower to 9 cents higher with KC white corn 9-12 cents
higher.  Sorghum was mixed on the week with prices 15 cents lower to 10 cents
higher.  Soybeans were 19 to 22 cents lower.

EXPORT SALES:
PURCHASER                 COMMODITY               TONNAGE       DELIVERY DATE

CCC to Sierra Leone  11.5 pct Hard Red Winter Wheat   3,000        Apr 20-30
CCC to Ghana         14.5 pct northern spring       	8,020        Apr 20-30
Japan                11.7 pct Hard Red Winter        14,000        May
                     14.0 pct Dark Northern Spring   41,000        May
                     10.5 pct Western White          20,000        May
                     11.7 pct Hard Red Winter        12,000        June
                     14.0 pct Dark Northern Spring   43,000        June
CCC to Haiti         12.0 pct Hard Red Winter Wheat  8,000   April 24-May 3

CCC to Nicaragua     13.5 pct Northern Spring Wheat 11,000   April 24-May 3

Japan               11.7 pct Hard Red Winter        20,000        PNW
                    14.0 pct Dark Northern Spring   20,000
                    10.5 pct Western White          20,000

Taiwan                       Corn                   60,000      May 23-June 6

Total:  Wheat 236,020 tonnes.  Corn 60,000 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
15 1/4 cents higher from 5.34 1/2-5.54 1/2 per bushel.  Kansas City US No 2
Soft Red Winter rail bid was 15.1/4-20 1/4 cents higher from 4.54 1/2-4.64
1/2 per bushel.  St. Louis truck US No 2 Soft Red Winter terminal bid was 21
cents higher at 4.28 per bushel.  Minneapolis and Duluth US No 1 Dark
Northern Spring, 14.0 to 14.5 percent protein rail, was 1/4-10 1/4 cents
lower from 5.52 1/4-5.67 1/4 per bushel. Portland US Soft White Wheat rail
was 11 to 15 cents higher from 5.90-5.94 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 9-12 cents higher from
4.72-4.80 per bushel.  Kansas City US No 2 truck Yellow Corn was 5 cents
lower at 3.43 per bushel.  Omaha US No 2 truck Yellow Corn was 6-7 cents
lower at 3.34-3.35 per bushel.  Chicago US No 2 Yellow Corn was 2 1/4-7 1/4
cents lower from 3.38 3/4-3.52 3/4 per bushel.  Toledo US No 2 rail Yellow
corn was 5 1/4-7 1/4 cents lower at 3.37 per bushel.  Minneapolis US No 2
Yellow Corn rail was 1 1/4 cents lower at 3.26 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 2.82 1/2-2.84 1/2 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 12 cents lower from 5.52-
5.54 per cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid
to the farmer, fob elevator) was up 19 cents to down 1 cent from 6.37-6.47
per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 27 1/4 cents lower at
6.82 1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were
19 1/4 to 22 cents lower from 7.15 1/4-7.26 1/2 per bushel.  Kansas City US
No 2 Yellow truck soybeans were 22 cents lower at 7.03 per bushel.  Decatur
48 percent Soybean meal, processor rail bid was 11.10-14.10 lower from
185.90-188.90 per ton. Decatur crude Soybean oil processor bid was 23 points
higher from 30.90-31.65 cents per pound.  Sunflower Oil was not available.

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

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