USDA National Grain Review

ST. JOSEPH - Aug 1/03 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Aug 1.

    
WEEKLY NATIONAL GRAIN MARKET REVIEW

   Wheat and corn closed the week mix, while soybeans were sharply lower.
Wheat saw most of the declines by mid-week but the market recovered most of its 
losses by Thursday afternoon.  Spring wheat ratings were good to excellent at 60 
percent which was noted supporting the market early on.  Overnight exports were 
also good lending support later in the week.
   The corn market looked positive as the week started but turned in the 
negative side by Wednesday due to rain in the western corn-belt.  Exports were 
sharply lower from last week coming in less than 100,000.
   Soybeans saw the sharpest losses as wet conditions in the western corn-belt 
and technical selling pressured the market.  The June crush numbers came in at 
121.2 million bushels which was viewed as negative.    
   Wheat was mix, from 6 cents lower to 11 cents higher.  Corn was uneven, from 
2 cents lower to firm.  Sorghum steady to 4 cents higher.  Soybeans 16 to 34 
cents lower.
   
EXPORT SALES:
PURCHASER           COMMODITY                      TONNAGE     DELIVERY DATE

CCC Bolivia                Hard Red Winter Wheat     6,500     August 5-15 
CCC Ethiopia      Ordinary Hard Red Winter Wheat   167,250     Aug 20-Sep 25
Japan             11.7 pct Hard Red Winter          20,000     Sep
                  13.0 pct Hard Red Winter           8,000     Sep
                  14.0 pct Dark Northern Spring     45,000     Sep 
                  10.5 pct Western White            12,000     Sep
                Australian Standard White           20,000     Sep
Philippines                Hard Red Winter           2,000	   Sep 1-15
                           Dark Northern Spring     32,000	   Sep 1-15
                           White                    10,000	   Sep 1-15
South Korea       11.5 pct Hard Red Winter           1,700     Sep 15-Oct 15
                  14.0 pct Dark Northern Spring      5,700	   Sep 15-Oct 15
                  10.5 pct Western/Soft White       11,500	   Sep 15-Oct 15
                   8.5 pct Western/Soft White        2,100	   Sep 15-Oct 15
South Korea       11.5 pct Hard Red Winter           5,000     Aug 15-Sep 15
                  14.0 pct Dark Northern Spring      6,000     Aug 15-Sep 15
                  10.5 pct Western/Soft White        3,500     Aug 15-Sep 15
                   9.5 pct Western/Soft White        4,500     Aug 15-Sep 15
CCC Angolia                Yellow Corn              36,000     Oct 10-25
Taiwan                            Corn              56,000     Sep 13-27 or Sep    
                                                               28-Oct 12
Total:  Wheat 362,750 tonnes.  Corn 92,000 tonnes.

**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 8 3/4 to 11 
3/4 cents higher from 3.39 1/4-3.77 1/4 per bushel.  Kansas City US No 2 Soft 
Red Winter rail bid 9 3/4 cents higher from 3.37 1/4-3.67 1/4 per bushel.  St. 
Louis truck US No 2 Soft Red Winter terminal bid was steady from 3.43-3.58 per 
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0-14.5 percent 
protein rail, 1 3/4 to 6 3/4 cents lower from 4.01 1/2-4.06 1/2 per bushel.  
Portland US Soft White Wheat was 3 to 6 cents lower from 3.60-3.64 per bushel.
  
   CORN:  Kansas City US No 2 rail White Corn was steady from 2.53-2.55 per 
bushel.  US No 2 truck Yellow Corn 2 cents lower from 2.06-2.08 per bushel.  
Omaha US No 2 truck Yellow Corn 1 cent lower from 1.95-1.96 per bushel.  Chicago 
US No 2 Yellow Corn was mix, from 1/2 cent lower to 1/2 cent higher from 2.16-
2.21 per bushel.  Toledo US No 2 rail Yellow corn was mix, from 1 1/2 cent lower 
to 1/2 cent higher from 2.17-2.19 per bushel.  Minneapolis US No 2 Yellow Corn 
rail, 1/2 cent lower at 1.99 per bushel. 
  
   OATS AND BARLEY:  US 2 or Better oats, rail to arrive at Minneapolis was 13 
1/2 cents higher from 1.60-1.61.  US No 3 or better truck Malting Barley, 70 
percent or better plump out of Minneapolis was 65 cents lower at 3.10.  Portland 
US 2 Barley, unit trains and Barges-export was 5 to 15 cents higher from 5.60-
5.80 per cwt.

   SORGHUM:  US No 2 yellow truck, Kansas City was steady at 3.70 per cwt.  
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob 
elevator) was 3 to 4 cents higher from 3.42-3.53 per cwt.  

OILSEEDS:  Illinois Processors US No 1 Yellow truck Soybeans 16 1/2 to 21 1/2 
cents lower from 5.49-5.64 per bushel.  Kansas City US No 2 Yellow truck 
soybeans 34 cents lower at 5.42 per bushel.  Minneapolis Yellow truck soybeans 
18 3/4 cents lower at 5.23 per bushel.  Decatur 48 percent soybean meal, 
processor rail bid 2.50 lower from 175.00-179.00 per ton.  Decatur crude Soybean 
oil processor bid was 79 points lower at 19.87-20.37 cents per pound.  Sunflower 
Crude Oil was 94 points lower at 32.39 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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