USDA National Grain Review

ST. JOSEPH - Mar 7/08 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Mar 7.

Attention AMS Web Site Visitors:  The AMS WEB SITE WILL BE CHANGING!!!!!

   On the evening of April 4, 2008, the look, feel and organization of the AMS
Web Site will change.  If you have set bookmarks from our current site, many of
them will change and have to be reset.  Bookmarks to the latest version of the
Market News Reports (MNReports) will remain unchanged.  If you have questions
regarding the launch of our new Web site, please send them to
AMSwebmaster@usda.gov.  Thank you for your continued patience as we work to make
the AMS Web site as service-oriented and customer-friendly as possible.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   For the week wheat was lower with the steepest losses seen in the Minneapolis
trade.  Wheat was pressured by speculative long liquidation and the lower
soybean complex.  Weekly export sales for wheat were reported at 431,900 tonnes.
Corn bids were up on good demand, weak U.S. dollar, and record breaking crude
oil.  However, the sharply lower soybean complex and disappointing weekly export
sales limit the gains.  Soybeans declined due to good weather in South America,
a revision higher in Brazil production, heavy deliveries for soybeans and oil,
and disappointing weekly export sales.  Weekly export sales for soybeans came in
at 204,600 tonnes.  Wheat was 53 cents to 1.23 lower with Minneapolis 4.25-4.75
lower.  Corn was 10-34 cents higher.  Sorghum was 21 cents higher.  Soybeans
were 49-55 cents lower.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 55
1/2 cents to 1.23 1/2 lower from 12.32 1/2-12.87 1/2 per bushel.  Kansas City US
No 2 Soft Red Winter rail bid was 53 1/2 cents lower from 11.87 1/2-12.22 1/2
per bushel. St. Louis truck US No 2 Soft Red Winter terminal bid was 87 cents
lower at 9.52 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring,
14.0 to 14.5 percent protein rail, was 4.25 3/4 to 4.75 3/4 lower at 15.29 3/4
per bushel.  Portland US Soft White wheat rail was not available.

   CORN:  Kansas City US No 2 rail White Corn was 31 to 34 cents higher from
5.43-5.54 per bushel.  Kansas City US No 2 truck Yellow Corn was 11 to 14 cents
higher at 5.47 per bushel.  Omaha US No 2 truck Yellow Corn was 11 cents higher
from 5.30-5.40 per bushel.  Chicago US No 2 Yellow Corn was 10 to 13 cents
higher from 5.23 1/4-5.41 1/4 per bushel.  Toledo US No 2 rail Yellow corn was
13 to 14 cents higher from 5.41 1/4-5.42 1/4 per bushel.  Minneapolis US No 2
Yellow Corn rail was 31 cents higher at 5.32 1/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 4 3/4 to 5 3/4 cents higher from 4.07 1/4-4.09 1/4 per bushel. US No 3
or better rail malting Barley, 70 percent or better plump out of Minneapolis was
steady at 7.20 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 21 cents higher at 9.55 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 25 to 36 cents higher from 9.22-9.29 per cwt.

OILSEEDS:  Minneapolis Yellow truck soybeans, no bid available.  Illinois
Processors US No 1 Yellow truck soybeans were 49 3/4 cents lower from 13.98 3/4-
14.13 3/4 per bushel.  Kansas City US No 2 Yellow truck soybeans were 55 cents
lower at 13.62 per bushel.  Central Illinois 48 percent Soybean meal, processor
rail bid was 10.40-13.40 lower from 350.30-354.30 per ton.  Central Illinois
crude Soybean oil processor bid was 197 points lower from 63.83-62.58 cents per
pound.  Sunflower Oil was not available.

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

---

STAT News Service