USDA National Grain Review

ST. JOSEPH - Aug 27/10 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Aug 27.

WEEKLY NATIONAL GRAIN MARKET REVIEW

Compared to last week, grain and soybean bids closed mixed.  The grain
markets saw losses on outside market pressure from a lower stock market and
declines in crude oil prices.  However, row crops did see a recovery later in
the week posting modest gains due to good weekly export sales, lower dollar, and
a rebound in crude oil prices.  Wheat saw additional support from talk that
Russia may import wheat due to drought and planting problems.  Weather over the
weekend is expected to be dry throughout most of the Midwest with highs in the
upper 80’s and low 90’s.  The corn crop showed improvement over last week
instead of anticipated declining conditions and is maturing very fast with some
fields ready for harvest.  Soybeans in some areas of the Midwest are turning but
most are looking green.  Soybeans had weekly export sales totaling 991,800
tonnes, with old crop sales of 167,700 tonnes.  Corn weekly export sales totaled
1,735,900 tonnes, with old crop sales of 42,300 tonnes.  Wheat listed weekly
export sales at 1,077,600 tonnes.
Wheat was 30 cents lower to 14 cents higher.  Corn was mostly 1-10 cents
higher.  Sorghum was 4-20 cents lower to 5 cents higher.  Soybeans were mostly 3
to 12 cents higher.

WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 5
3/4 to 14 3/4 cents higher from 6.71-7.22 per bushel.  Kansas City US No 2 Soft
Red Winter rail bid was 14 1/4 cents lower from 6.36-7.26 per bushel.  St. Louis
truck US No 2 Soft Red Winter terminal bid was 5 cents higher at 6.14 per
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5
percent protein rail, was 3 3/4 to 8 3/4 cents higher from 7.90 1/4-8.10 1/4 per
bushel.  Portland US Soft White wheat rail was 5 to 30 cents lower from 6.05-
6.40 per bushel.

CORN:  Kansas City US No 2 rail White Corn was 4 to 5 cents higher from 3.77-
3.84 per bushel.  Kansas City US No 2 truck Yellow Corn was 1 to 3 cents higher
from 3.79-3.82 per bushel.  Omaha US No 2 truck Yellow Corn was 3 to 10 cents
higher from 3.72-3.81 per bushel.  Chicago US No 2 Yellow Corn was 2 1/4 to 20
1/4 cents higher from 3.71 1/2-4.19 1/2 per bushel.  Toledo US No 2 rail Yellow
corn was 2 1/4 to 3 1/4 cents higher from 3.95 1/2-3.98 1/2 per bushel.
Minneapolis US No 2 Yellow Corn rail was 1/4 cents higher at 3.66 1/2 per
bushel.

OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 4 1/2 cents lower to 7 1/2 cents higher from 2.59 1/2-2.71 1/2 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 6.64 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 4 cents lower to 5 cents higher from 6.70-6.73 per
cwt.

OILSEEDS:  Minneapolis Yellow truck soybeans, was 10 1/4 cents higher at 9.85
1/2 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 3 1/4
cents lower to 12 1/4 cents higher from 10.29 1/2-10.69 1/2 per bushel.  Kansas
City US No 2 Yellow truck soybeans were 3 cents higher at 10.50 per bushel.
Central Illinois 48 percent Soybean meal, processor rail bid was 2.80 to 3.80
higher from 325.30-341.30 per ton.  Central Illinois crude Soybean oil processor
bid was 40 points lower from 35.84-36.89 cents per pound.

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

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