USDA National Grain Review

ST. JOSEPH - Sep 7/07 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Sep 7.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   For the week wheat and soybeans were higher, while corn was lower.  Wheat saw
sharp gains on concerns of tight global supplies, good export demand, and dry
conditions in Australia. The CBOT, KCBOT, Minneapolis and Paris exchanges all
posted all time highs in the wheat futures.  Corn saw slight losses due to
better than expected yields and harvest pressure in many areas of the Corn Belt.
However, spillover support from wheat and strong demand for exports limited the
losses.  Harvest is advancing in the southern corn-belt as the area is clear of
rain.  More to the north scattered rain was reported.  Soybeans rallied upon
reports of lower than expected yields in the Southern Midwest and delta areas,
along with spillover support from wheat.  In the northern corn-belt soybeans are
still looking green and won’t be ready till October.  Soybean crop ratings
improved from 55 percent to 56 percent in good to excellent condition.
     Wheat was 39-75 cents higher.  Corn was mostly 3-9 cents lower.  Sorghum
was 2 cents lower to 20 cents higher.  Soybeans were mostly 2-12 cents higher.

EXPORT SALES:

PURCHASER                 COMMODITY               TONNAGE       DELIVERY DATE

Note: No export sales information released on US Grain Export Demand Report.
	
**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 56
1/4 to 59 1/4 cents higher from 7.93 3/4-8.20 3/4 per bushel.  Kansas City US No
2 Soft Red Winter rail bid was 55 1/4 cents higher from 7.31 3/4-7.71 3/4 per
bushel.  St. Louis truck US No 2 Soft Red Winter terminal bid was 46 cents
higher at 7.36 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring,
14.0 to 14.5 percent protein rail, was 39 to 49 cents higher from 7.59 3/4-7.74
3/4 per bushel.  Portland US Soft White wheat rail was 70 to 75 cents higher
from 8.15-8.35 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 3 to 5 cents lower from 3.88-
3.92 per bushel.  Kansas City US No 2 truck Yellow Corn was 1 cent lower at 3.19
per bushel.  Omaha US No 2 truck Yellow Corn was 8 to 9 cents lower from 2.99-
3.03 per bushel.  Chicago US No 2 Yellow Corn was 6 1/2 to 8 1/2 cents lower
from 2.94 1/4-3.19 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 1/2 cent
lower from 3.25 1/4-3.30 1/4 per bushel. Minneapolis US No 2 Yellow Corn rail
was 6 1/2 cents higher at 2.86 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 7 3/4 cents higher from 2.57 1/2-2.60 1/2 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was 40 cents
higher at 5.25 per bushel.  Portland US 2 Barley, unit trains and Barges-export
was 1.25-1.30 higher from 11.50-12.00 per cwt.

   SORGHUM:  US No 2 yellow truck, Kansas City was 2 cents lower at 5.34 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 12 to 20 cents higher from 5.50-5.52 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 1/2 cent higher at 7.81 1/2
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 2 1/2 to 12
1/2 cents higher from 8.42 1/2-8.52 1/2 per bushel.  Kansas City US No 2 Yellow
truck soybeans were 8 cents higher at 8.38 per bushel.  Central Illinois 48
percent Soybean meal, processor rail bid was 3.20 to 4.20 higher from 231.30-
238.30 per ton.  Central Illinois crude Soybean oil processor bid was 9 points
lower to 91 points higher from 34.74-35.99 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