USDA National Grain Review

ST. JOSEPH - May 10/13 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 10.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids closed mixed.  Grains saw solid
gains on Thursday as light to moderate rain fell across the Corn Belt adding to
planting delays.  Forecast for the corn-belt does turn drier after Friday and
hopes are to allow more planting next week.  Old crop supplies of corn and
soybeans remain at low levels and helped to support prices late in the week.
Good crush demand and firm basis also helped boost soybeans.  The crop progress
reported show 12 percent of the corn planted which is the slowest since 1984.
In the Southern Plains dry weather continues to lend some support to wheat.
Corn had bearish export sales totaling 276,700 tonnes with 115,800 tonnes for
2012-2013.  Soybeans had good export sales totaling 585,500 tonnes with 193,800
tonnes for 2012-2013.  Wheat had bearish export sales totaling 465,500 tonnes
with 239,200 tonnes for 2012-2013.  Wheat was 39 cents lower to 5 cents higher.
Corn was mostly 5-13 cents lower.  Sorghum was 23-47 cents lower.  Soybeans were
15-46 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 3
1/2 to 11 1/2 cents lower from 8.50 1/4-8.97 1/4 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 higher at 7.44 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 24
3/4 to 39 3/4 cents lower from 9.10 1/2-9.20 1/2 per bushel.  Portland US Soft
White wheat rail was 5 cents higher from 7.80-7.83 1/2 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 1 to 13 cents lower from 6.87-
7.12 per bushel.  Kansas City US No 2 truck Yellow Corn was 8 to 11 lower from
7.09-7.14 per bushel.  Omaha US No 2 truck Yellow Corn was 10 to 13 cents lower
from 7.04-7.07 per bushel.  Chicago US No 2 Yellow Corn was 8 1/4 cents lower
from 6.58 3/4-7.06 3/4 per bushel.  Toledo US No 2 rail Yellow corn was 7 1/4 to
9 1/4 cents lower from 6.84 3/4-6.87 3/4 per bushel.  Minneapolis US No 2
Yellow corn rail was 5 1/4 cents lower at 6.68 3/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 3 3/4 to 13 3/4 cents lower from 4.02 1/2-4.12 1/2 per bushel.  US No 3
or better rail malting Barley, 70 percent or better plump out of Minneapolis was
steady at 6.75 per bushel.  Portland US 2 Barley, unit trains and Barges-export
was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 23 cents lower at 11.59 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 43 to 47 cents lower from 11.57-11.94 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 15 1/2 cents higher at
14.43 3/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 31
1/2 to 46 1/2 cents higher from 15.18 3/4-15.43 3/4 per bushel.  Kansas City US
No 2 Yellow truck soybeans were 37 cents higher at 15.09 per bushel.  Central
Illinois 48 percent Soybean meal, processor rail bid was 17.50 to 19.50 higher
from 462.10-463.10 per ton.  Central Illinois Crude Soybean oil processor bid
was 80 points higher from 48.72-50.22 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service