USDA National Grain Review

ST. JOSEPH - Oct 30/09 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Oct 30.

WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain and soybean bids were lower.  The grain markets
opened the week lower as outside market influence was the catalyst for this
week’s lower markets as the dollar started the week higher, the stock market
moved lower, with crude oil sharply lower and precious metals also lower.  On
Thursday rain moved across the corn-belt and winter wheat region lending support
late in the week which delayed plantings for wheat and harvest for corn and
soybeans.  If this continues, it could mean lost acreage for wheat as it is
getting late in the season.  The progress report listed corn harvest at 20
percent and soybeans over 30 percent with crop ratings at 70 and 65 percent good
to excellent espectively.  Weekly export sales for wheat were below the high end
of the trade expectations coming in at 347,700 tonnes for the current marketing
year and 18,000 for the next marketing year for a total of 365,700.  Weekly
export sales for corn were disappointing coming in at 367,200 tonnes for the
current marketing year.  Weekly export sales for soybeans were supportive coming
in at 691,000 tonnes.  Wheat was mostly 25-48 cents lower.  Yellow Corn was 22-
24 cents lower. Sorghum was 17-43 cents lower.  Soybeans were mostly 19-25 cents
lower.

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 39
to 48 cents lower from 4.85-5.42 per bushel.  Kansas City US No 2 Soft Red
Winter rail bid was 40 cents lower from 4.63-5.13 per bushel.  St. Louis truck
US No 2 Soft Red Winter terminal bid was 38 cents lower at 3.19 per bushel.
Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent
protein rail, was 6 1/2 cents lower to 8 1/2 cents higher at 6.38 3/4 per
bushel.  Portland US Soft White wheat rail was 23 to 25 cents lower from 4.70-
4.80 per bushel.

   CORN:  Kansas City US No 2 rail White Corn was 8 to 16 cents lower from
3.83-3.94 per bushel.  Kansas City US No 2 truck Yellow Corn was 22 to 24 cents
lower from 3.57-3.60 per bushel.  Omaha US No 2 truck Yellow Corn was 22 to 24
cents lower from 3.56-3.67 per bushel.  Chicago US No 2 Yellow Corn was 24 cents
lower from 3.49 1/2-3.87 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 24
to 42 cents lower from 3.57 1/2-3.61 1/2 per bushel.  Minneapolis US No 2 Yellow
Corn rail was 16 cents lower at 3.49 1/2 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 2 cents lower to 8 cents higher at 2.47 1/4-2.57 1/4 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 42 cents lower at 5.63 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 17 to 43 cents lower from 5.56-5.96 per cwt.

OILSEEDS:  Minneapolis Yellow truck soybeans, were 19 cents lower at 9.71 1/2
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 20-25 cents
lower from 9.80 1/2-10.00 1/2 per bushel.  Kansas City US No 2 Yellow truck
soybeans were 20 cents lower at 9.86 per bushel.  Central Illinois 48 percent
Soybean meal, processor rail bid was 2.50-5.50 lower from 311.30-323.30 per ton.
Central Illinois crude Soybean oil processor bid was 78 points lower to 22
points higher at 33.92-36.02 cents per pound.

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

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STAT News Service