USDA National Grain Review

ST. JOSEPH - Apr 26/13 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Apr 26.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids traded mixed.  The early
declines in grains were contributed to favorable planting weather outlook.  This
week the weather was cool and rainy amid temperatures dropping below freezing.
However, temperatures rebounded on Wednesday with the extended forecast looking
favorable for planting.  Some areas of the corn-belt were flooded due to heavy
rain and over flowing rivers.  Soybeans also saw pressure from concerns in China
from the new strain of bird flu affecting poultry as well as being a lethal
virus in humans.  Commodities made a comeback as precious metals were sharply
higher alongside the stock market and crude oil making solid gains.  K.C. wheat
led all other wheat higher on Thursday with sharp gains as concerns over wheat
conditions in the Southern Plains after several freezes.  Monday’s progress
report showed 4 percent of the corn planted which was well below the 5 year
average of 16 percent.  Weekly export sales for corn totaled 335,900 tonnes with
314,700 tonnes for 2012-2013.  Soybeans had weekly export sales totaling 422,200
tonnes including a cancellation of 206,300 tonnes for 2012-2013.  Wheat had
export sales of 306,400 tonnes with 71,700 tonnes for 2012-2013.  Wheat was 4
cents lower to 24 cents higher.  Corn was 11 cents lower to 3 cents higher.
Sorghum was 13 cents lower to 1 cent higher.  Soybeans were 12 cents lower to 17
cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 20
to 24 cents higher from 8.28 3/4-8.74 3/4 per bushel.  Kansas City US No 2 Soft
Red winter rail bid was not quoted. St. Louis truck US No 2 Soft Red Winter
terminal bid was 2 cents lower at 7.26 per bushel.  Minneapolis and Duluth US No
1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 4 1/2 cents lower
at 9.23 1/4 per bushel.  Portland US Soft White wheat rail was not available per
bushel.
   CORN:  Kansas City US No 2 rail White Corn was 4 to 11 cents lower from 6.84-
6.93 per bushel.  Kansas City US No 2 truck Yellow Corn was steady from 6.80-
6.85 per bushel.  Omaha US No 2 truck Yellow Corn was steady from 6.76-6.78 per
bushel.  Chicago US No 2 Yellow Corn was 3 to 3/4 cents higher from 6.40 1/4-
6.67 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 3 1/4 cents lower to
3/4 cent higher from 6.51 1/4-6.58 1/4 per bushel.  Minneapolis US No 2 Yellow
corn rail was 2 1/4 cents lower at 6.29 1/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 6 cents higher at 4.24 1/2-4.29 1/2 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was 5 cents higher
at 6.70 per bushel.  Portland US 2 Barley, unit trains and Barges-export was not
available.
   SORGHUM:  US No 2 yellow truck, Kansas City was steady at 11.34 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob
elevator) was 13 cents lower to 1 cent higher from 11.34-11.52 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 12 cents lower at 14.24 1/2
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 2 3/4 cents
lower to 17 1/4 cents higher from 14.67 1/4-14.82 1/4 per bushel.  Kansas City
US No 2 Yellow truck soybeans were 1 cent lower at 14.72 per bushel.  Central
Illinois 48 percent Soybean meal, processor rail bid was 4.30 to 11.30 higher
from 436.30-440.30 per ton.  Central Illinois Crude Soybean oil processor bid
was 11 points higher from 49.02-50.57 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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