USDA National Grain Review

ST. JOSEPH - Oct 12/07 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Oct 12.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   For the week Grain and soybean bids were higher except wheat which was lower.
Wheat was lower due to profit taking and talk of rain in parts of Australia
growing areas.  However, good exports and spillover support from other
commodities limit the losses.  Winter wheat plantings early in the week were
listed at 58 percent complete.  Corn found spillover support from soybeans and
the higher energy markets.  The corn harvest is in full swing adding some
pressure in the pits.  Soybeans saw solid gains as weather uncertainties in
South America, higher energy, and talk of a bullish USDA report Friday morning
triggered the strength.  There is talk of lower than expected yields in some of
the harvested areas of the Midwest.  The soybean harvest was listed at 50
percent complete adding some pressure to the trade.
   Wheat was mostly 12-28 cents lower.  Corn was mostly 2-11 cents higher.
Sorghum was 5 cents lower to 4 cents higher.  Soybeans were 24-37 cents higher.

EXPORT SALES:

PURCHASER                 COMMODITY               TONNAGE       DELIVERY DATE

Note: Export sales will no longer be published in this report.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 2
cents lower to 4 cents higher from 8.84-9.34 per bushel.  Kansas City US No 2
Soft Red Winter rail bid was 24 cents lower from 8.39-8.79 per bushel.  St.
Louis truck US No 2 Soft Red Winter terminal bid was 28 cents lower at 8.28 per
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5
percent protein rail, was 3/4 to 12 3/4 cents lower from 9.45 3/4-9.62 3/4 per
bushel.  Portland US Soft White wheat rail was 28 to 45 cents lower from 9.95-
10.12 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 5 to 8 cents higher from 3.75-
3.79 per bushel.  Kansas City US No 2 truck Yellow Corn was steady to 2 cents
higher from 3.19-3.21 per bushel.  Omaha US No 2 truck Yellow Corn was 3 to 4
cents higher from 3.01-3.02 per bushel.  Chicago US No 2 Yellow Corn was 3 1/2
to 6 1/2 cents higher from 3.03 3/4-3.33 3/4 per bushel.  Toledo US No 2 rail
Yellow corn was 1 1/2 cents higher from 3.11 3/4-3.23 3/4 per bushel.
Minneapolis US No 2 Yellow Corn rail was 11 1/2 cents higher at 3.03 3/4 per
bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day no bid.  US No 3 or better rail malting Barley, 70 percent or better plump
out of Minneapolis was 20 cents lower at 6.55 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 5.34 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 5 cents lower to 3 cents higher from 5.70-5.82 per
cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were 24 1/4 cents higher at 8.93
1/2 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 27 1/4
to 37 1/4 cents higher from 9.46 1/2-9.51 1/2 per bushel.  Kansas City US No 2
Yellow truck soybeans were 28 cents higher at 9.20 per bushel.  Central Illinois
48 percent Soybean meal, processor rail bid was 7.30 higher from 262.10-265.10
per ton.  Central Illinois crude Soybean oil processor bid was 79 points higher
from 37.47-38.47 cents per pound.  Sunflower Oil was not available.

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

---

STAT News Service