USDA National Grain Review

ST. JOSEPH - Jun 8/07 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jun 8.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   For the week grain bids were mixed with soybeans sharply higher.  Wheat
found support from tight world stocks and global weather concerns.  Some
parts of the southern plains have been receiving heavy rain causing concerns
of possible damage to wheat.  Winter wheat is mostly matured and ready for
harvest.  The weekly winter wheat ratings early in the week were supportive
at 57 percent good to excellent condition as compared to 59 percent last week
and 28 last year.  Spring wheat was listed at 79 percent good to excellent as
compared to 81 percent last week and 73 percent last year.  Corn was
pressured early in the week due to excellent crops ratings for corn, reported
at 78 percent in good to excellent condition. Corn did gain late in the week
due to dry weather concerns in the eastern Corn Belt.  Soybeans closed
sharply higher on the week due to dry weather concerns and the market remains
in a solid uptrend with good support from soybean oil and palm oil. Soybean
plantings were reported at over 90 percent complete.  Wheat was mostly 3-12
cents higher.  Yellow corn was mostly unchanged to 9 cents lower. Sorghum was
6-10 cents lower. Soybeans were mostly 20-26 cents higher.

EXPORT SALES:
PURCHASER                 COMMODITY               TONNAGE       DELIVERY DATE

CCC to Haiti        21.0 pct Hard Red Winter      16,000        Jun-Jul
Egypt                Soft Red Winter Wheat       180,000        July 1-10
Japan            11.7 pct protein Hard Red Winter  9,000      Jul 26-aug 25
            14.0 pct protein Dark Northern Spring 22,000      Jul 26-Aug 25
                 10.5 pct protein Western White    9,000      Jul 26-Aug 25

CCC to Zimbabwe       Sorghum                      7,340      June 19-29.

Taiwan                Yellow Corn                 23,000      June 23-July 22


Total:  Wheat 236,000 tonnes.  Corn 23,000 tonnes.  Sorghum 7,340 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
4 1/2 cents higher from 5.73 1/2-5.83 1/2 per bushel.  Kansas City US No 2
Soft Red Winter rail bid was 8 1/2 cents higher from 5.27 1/2-5.37 1/2 per
bushel.  St. Louis truck US No 2 Soft Red Winter terminal bid was 3 cents
higher at 4.78 per bushel. Minneapolis and Duluth US No 1 Dark Northern
Spring, 14.0 to 14.5 percent protein rail, was 7 to 12 cents lower from 5.70
1/4-5.75 1/4 per bushel. Portland US Soft White wheat rail was 10 to 27 cents
higher at 5.97-6.05 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was steady to 14-15 cents
higher from 4.82-4.93 per bushel.  Kansas City US No 2 truck Yellow Corn was
unchanged to 2 cents lower at 3.75 per bushel.  Omaha US No 2 truck Yellow
Corn was 1 cent lower to unchanged at 3.79-3.82 per bushel.  Chicago US No 2
Yellow Corn was 2 1/2-13 1/2 lower from 3.75 3/4-3.89 3/4 per bushel.  Toledo
US No 2 rail Yellow corn was 2 1/2 to 3 1/2 cents lower from 3.78 3/4-3.83
3/4 per bushel. Minneapolis US No 2 Yellow Corn rail was 9 1/2 cents lower at
3.53 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis
20 day were 12 1/2 cents higher at 3.01 1/2-3.03 1/2 per bushel.  US No 3 or
better rail malting Barley, 70 percent or better plump out of Minneapolis was
steady at 4.50 per bushel. Portland US 2 Barley, unit trains and Barges-
export was not available.

   SORGHUM:  US No 2 yellow truck, Kansas City was 9 cents lower at 6.16 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 6 to 10 cents lower from 6.42-6.55 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 26 3/4 cents higher at
7.51 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 11
3/4-20 3/4 cents higher from 7.97-8.04 per bushel.  Kansas City US No 2
Yellow truck soybeans were 24 cents higher at 7.90 per bushel.  Decatur 48
percent Soybean meal, processor rail bid was 21.30 higher at 233.20-238.20
per ton. Decatur crude Soybean oil processor bid was 65 points higher from
34.36-35.36 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