USDA National Grain Review

ST. JOSEPH - Mar 28/03 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Mar 28.

  
WEEKLY NATIONAL GRAIN MARKET REVIEW

   Wheat and corn bids finished the week sharply lower.  Export sales
were below expectations for both commodities, although this office did
not receive any export announcements this week.  Early week moisture
across the Corn Belt and hard red winter wheat growing areas added  
pressure to bids.  However, forecasts for a sharp drop in temperatures 
over the weekend has many traders concerned that damage is possible
with the wheat crop in a critical stage at this point.  Strong advances 
were seen in soybean pits due to export optimism and technical buying 
on the Board most of the week.  Harvest delays were reported in South 
America due to wet conditions.  Traders await next week’s USDA reports.
Wheat 3 to 16 cents lower.  Corn 2 to 9 cents lower.  Sorghum 9 to 14 
cents lower.  Soybeans 3 to 8 cents higher.

EXPORT SALES:
PURCHASER               COMMODITY                 TONNAGE     DELIVERY DATE
Nothing new announced this week.

**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 3/4
cents lower from 3.69 3/4-3.79 3/4 per bushel.  Kansas City US No 2 Soft Red 
Winter rail bid 3 3/4 cents lower from 3.06 3/4-3.36 3/4 per bushel.  St. 
Louis truck US No 2 Soft Red Winter terminal bid 4 to 7 cents lower from 
3.16-3.28 per bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 
14.0-14.5 percent protein rail, 1 1/2 to 6 1/2 cents lower at 4.27 1/4 per 
bushel.  Portland US Soft White Wheat, 15 to 16 cents lower from 3.23-
3.25 per bushel.
  
   CORN:  Kansas City US No 2 rail White Corn 8 to 9 cents lower from 2.95-
2.97 per bushel.  US No 2 truck Yellow Corn 7 to 9 cents lower at 2.35-2.37
per bushel.  Omaha US No 2 truck Yellow Corn 5 cents lower at 2.23-2.24 per 
bushel.  Chicago US No 2 Yellow Corn 5 cents lower from 2.32 3/4-2.40 3/4 
per bushel.  Toledo US No 2 rail Yellow corn 2 to 4 cents lower from 2.40 
3/4-2.43 3/4 per bushel.  Minneapolis US No 2 Yellow Corn rail, 3 cents
lower at 2.20 3/4 per bushel. 
  
   OATS AND BARLEY:  US 2 or Better oats, rail to arrive at Minneapolis was  
4 1/2 cents lower from 1.94 3/4-1.99 3/4.  US No 3 or better truck Malting 
Barley, 70 percent or better plump out of Minneapolis was 10 cents higher 
at 3.90.  Portland US 2 Barley, unit trains and Barges-export steady from 
5.90-5.95 per cwt.
  
   SORGHUM:  US No 2 yellow truck, Kansas City was 9 cents lower at 4.08 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 10 to 14 cents lower from 3.76-3.95 per cwt.
    
   OILSEEDS:  Illinois Processors US No 1 Yellow truck Soybeans 5 3/4 cents
higher from 5.86 1/4-5.92 1/4 bushel.  Kansas City US No 2 Yellow truck 
soybeans 7 to 8 cents higher at 5.85-5.88 per bushel.  Minneapolis Yellow 
truck soybeans 3 3/4 cents higher at 5.64 1/4 per bushel.  Decatur 48 per-
cent soybean meal, processor rail bid .50 to 1.50 higher from 173.50-175.50
per ton.  Decatur crude Soybean oil processor bid 9 points lower at 21.79-
22.04 cents per pound.  Sunflower Crude Oil 24 points higher at 33.27 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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