USDA National Grain Review

ST. JOSEPH - Oct 16/09 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Oct 16.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain and soybean bids were higher.  The Columbus Day
holiday started on a positive note with wheat finding spillover support from
other grains and fund buying.  Corn and soybeans saw gains on a weaker dollar,
higher crude oil and freezing weather in the NW Corn Belt.  These factors
carried over into the week lending further support, along with the higher
equities.  However, late in the week the market took a setback on fund selling.
Positive news this week sent the DOW over 10,000, highs not seen in over a year
with other world markets following suit.  More rain was reported in some parts
of the corn-belt this week delaying harvest even further.  The NOPA report was
released this week estimating September soybean crush at 107.4 million bushels
as compared to 112.6 million in August and 120.4 million a year ago.  Oil stocks
were up from August and above trade expectations at 2.261 billion pounds as
compared 2.520 in August and 1.988 a year ago.
   Wheat was mostly 19-43 cents higher.  Corn was 7-15 cents higher.  Sorghum
was 15-38 cents higher.  Soybeans were 47-62 cents higher.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 43
1/4 cents higher from 5.03-5.446 per bushel.  Kansas City US No 2 Soft Red
Winter rail bid was 28 1/4 cents higher from 4.68-5.18 per bushel.  St. Louis
truck US No 2 Soft Red Winter terminal bid was 38 cents higher at 3.20 per
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5
percent protein rail, was 5 to 15 cents lower from 5.81 1/4-6.01 1/4 per bushel.
Portland US Soft White wheat rail was 19 to 25 cents higher from 4.70-4.79 per
bushel.

   CORN:  Kansas City US No 2 rail White Corn was 13 to 15 cents higher from
3.84-3.92 per bushel.  Kansas City US No 2 truck Yellow Corn was to 9 cents
higher from 3.48-3.51 per bushel.  Omaha US No 2 truck Yellow Corn was 11 to 14
cents higher from 3.48-3.58 per bushel.  Chicago US No 2 Yellow Corn was 9 to 13
higher from 3.43-3.83 per bushel.  Toledo US No 2 rail Yellow corn was 9 cents
higher from 3.51-3.73 per bushel. Minneapolis US No 2 Yellow Corn rail was 10
cents higher at 3.42 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 14 1/2 cents higher at 2.35 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 16 cents higher at 5.50 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 15 to 38 cents higher from 5.59-5.64 per cwt.

OILSEEDS:  Minneapolis Yellow truck soybeans, were 53 cents higher at 9.71 per
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 50 to 62 cents
higher from 9.98-10.13 per bushel.  Kansas City US No 2 Yellow truck soybeans
were 47 cents higher at 9.83 per bushel.  Central Illinois 48 percent Soybean
meal, processor rail bid was 1.50 to 13.50 lower from 314.20-341.20 per ton.
Central Illinois crude Soybean oil processor bid was 290 to 325 points higher
from 33.18-34.78 cents per pound.

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

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STAT News Service