USDA National Grain Review

ST. JOSEPH - Aug 7/09 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Aug 7.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain bids were mix with soybeans posting solid gains.
Wheat was pressured by plentiful supplies, higher dollar, and Egypt buying wheat
from other countries.  Weekly export sales for wheat were slightly above trade
expectations coming in at 552,700 tonnes.  Corn was mix as pressure mounted from
higher yield estimates, fund selling, and outside market influences failing to
support the market later in the week.  Crop Progress report showed 68 percent of
the corn crop rated good to excellent which is 2 percent higher than last year.
Weekly export sales for corn were good coming in at 422,800 tonnes for the
current marketing year and 729,200 for next year for a total of 1,152,000.
Soybeans were higher on strong commercial buying and higher outside markets.
Soybeans are rated 67 percent good to excellent which is 4 percent higher than
last year.  Soybeans were above trade estimates at 494,500 tonnes for the
current marketing year and 2,413,300 for the next marketing year for a total of
2,907,800 tonnes.  Wheat was mostly 4-30 cents lower.  Yellow corn was 13 cents
lower to 12 cents higher.  Sorghum was 4 cents lower to 23 cents higher.
Soybeans were 30-59 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 4
1/2 to 7 1/2 cents lower from 5.09-5.59 per bushel.  Kansas City US No 2 Soft
Red Winter rail bid was 15 1/2 cents lower from 4.64-5.14 per bushel.  St. Louis
truck US No 2 Soft Red Winter terminal bid was 46 cents lower at 3.59 per
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5
percent protein rail, was 25 1/4 to 30 1/4 cents lower at 6.19 1/4 per bushel.
Portland US Soft White wheat rail bid was steady to 10 cents lower from 4.80-
4.95 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 34 to 40 cents higher from
3.60-3.73 per bushel.  Kansas City US No 2 truck Yellow Corn was 1 to 3 cents
lower from 3.14-3.17 per bushel.  Omaha US No 2 truck Yellow Corn was steady to
1 cent higher from 3.10-3.14 per bushel.  Chicago US No 2 Yellow Corn was 3 3/4
to 13 3/4 cents lower from 3.07 1/2-3.51 1/2 per bushel.  Toledo US No 2 rail
Yellow corn was 1/4 to 12 1/4 cents higher at 3.59 1/2 per bushel.  Minneapolis
US No 2 Yellow Corn rail was 4 3/4 cents lower at 3.24 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 6 cents higher from 2.14-2.19 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was not available
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 lower at 4.73 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 5 to 23 cents higher from 4.47-4.89 per cwt.

OILSEEDS:  Minneapolis Yellow truck soybeans, were 41 3/4 cents higher at 11.58
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 30 to 41
cents higher from 11.42-11.65 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 59 cents higher at 11.15 per bushel.  Central Illinois 48 percent
Soybean meal, processor rail bid was 11.70 higher from 388.50-402.50 per ton.
Central Illinois crude Soybean oil processor bid was 190 to 240 points higher
from 33.33-34.33 cents per pound.

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

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STAT News Service