USDA National Grain Review

ST. JOSEPH - Feb 14/03 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Feb 14.

  
WEEKLY NATIONAL GRAIN MARKET REVIEW

   Wheat bids weakened late in the week as export demand slowed and
weekly total was disappointing.  Winter wheat growing areas forecasts
call for much needed moisture over the next several days, also causing
bids to suffer.  Corn and soybean bids regained momentum after Thursday’s
lower trading.  Good export sales were noted for corn’s strength but 
soybean’s push upward due to fund and commercial buying on the Boards.
Wheat 3 to 17 cents lower.  Corn 1 to 2 cents higher.  Sorghum 8 cents
lower in Kansas City and 1 to 6 cents higher in Texas.  Soybeans 7 to 
11 cents higher.

EXPORT SALES:
PURCHASER               COMMODITY                 TONNAGE     DELIVERY DATE
CCC Ghana       14.5 pct Northern Spring Wheat     10,260      Feb-Mar
South Korea     11.5 pct Hard Red Winter Wheat      6,500      Apr
                14.0 pct Dark No Spring Wheat       1,900
                 8.5 pct Western/Soft White Wheat   2,000
                10.5 pct Western/Soft White Wheat  14,100
South Korea     11.5 pct Hard Red Winter            3,200      Apr 5-May 5
                14.0 pct Dark Northern Spring       6,800      Apr 5-May 5
                 9.5 pct protein Western/Soft White 2,000	   Apr 5-May 5
                10.5 pct protein Western/Soft White 8,000      Apr 5-May 5
Unknown         Corn                              139,000      02/03 MY
Taiwan          Corn                               56,000      Mar 31-Apr 14

Totals:  Wheat 54,760 tonnes.  Corn 195,000 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 US No 1 Hard Red Winter, ordinary protein rail bid 3 1/4 
to 4 1/4 cents lower from 4.04 1/2-4.15 1/2 per bushel.  Kansas City US No 2 
Soft Red Winter rail bid 3 1/4 cents lower from 3.33 1/2-3.63 1/2 per bushel.  
St. Louis truck US No 2 Soft Red Winter terminal bid 3-17 cents lower from 
3.59-3.57 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 
14.0-14.5 percent protein rail, 3/4 to 5 3/4 cents lower from 4.43 1/2-4.48 1/2 
per bushel.  Portland US Soft White Wheat, 1 cent lower from 3.86-3.89 per 
bushel.
  
   CORN:  Kansas City US No 2 rail White Corn steady from 3.21-3.22 per bushel.  
US No 2 truck Yellow Corn 1 cent higher at 2.50 per bushel.  Omaha US No 2 truck 
Yellow Corn 1 to 2 cents higher at 2.33 per bushel.  Chicago US No 2 Yellow Corn 
3/4 to 2 3/4 cents higher from 2.39 3/4-2.46 3/4 per bushel.  Toledo US No 2 
rail Yellow corn 3/4 cents higher from 2.48 3/4-2.52 3/4 per bushel.  
Minneapolis US No 2 Yellow Corn rail, 1 3/4 cents higher at 2.21 3/4 per bushel. 
  
   OATS AND BARLEY:  US 2 or Better oats, rail to arrive at Minneapolis was  
3 1/2 to 5 1/2 cents higher from 2.29 3/4-2.32 3/4.  US No 3 or better truck 
Malting Barley, 70 percent or better plump out of Minneapolis was 5 cents lower 
at 3.75.  Portland US 2 Barley, unit trains and Barges-export steady to 10 cents 
lower from 5.55-5.75 per cwt.
  
   SORGHUM:  US No 2 yellow truck, Kansas City was 8 cents lower at 4.46 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 1 to 6 cents higher from 3.95-4.10 per cwt.
    
   OILSEEDS:  Illinois Processors US No 1 Yellow truck Soybeans 9 1/4 cents 
higher from 5.76 3/4-5.83 3/4 bushel.  Kansas City US No 2 Yellow truck soybeans 
7 to 9 cents higher at 5.77 per bushel.  Minneapolis Yellow truck soybeans 11
1/4 cents higher 5.53 3/4 per bushel.  Decatur 48 percent soybean meal, 
processor rail bid 10.00 higher from 179.50-180.50 per ton.  Decatur crude 
Soybean oil processor bid 38 points lower at 20.50-21.00 cents per pound.  
Sunflower Crude Oil 75 points lower at 32.21 cents per pound.
  
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service

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