USDA National Grain Review

ST. JOSEPH - Jun 7/13 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jun 7.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids were higher with wheat trading
slightly lower.  Soybeans saw the most gains on strong crush demand, possible
planting delays and good export demand.  Rains remain in the near forecast for
Iowa and northern Illinois which helped to push corn higher and depending on how
many acres are shifted to soybeans.  Corn also saw additional support from the
ethanol production data report released earlier in the week.  Ethanol production
for the week ending May 31st averaged 885,000 barrels per day which was the
highest weekly production estimate since June 1st 2012.  Total ethanol
production for the week was 6.2 million barrels.  The latest crop planting
progress report showed corn at 91 percent completed.  Soybeans were listed at 57
percent planted.  Corn had weekly export sales totaling 158,800 tonnes with
107,200 tonnes for 2012-2013.  Soybeans had weekly export sales totaling 638,300
tonnes with 48,400 tonnes for 2012-2013.  Wheat had bearish weekly export sales
totaling 631,700 tonnes with cancellations of -33,200 tonnes for 2012-2013.
Wheat was mostly 1-7 cents lower.  Yellow Corn was mostly 1-12 cents higher.
Sorghum was mostly 16-17 cents higher.  Soybeans were 16-24 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1
1/2 to 7 1/2 cents lower from 8.13 1/2-8.72 1/2 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 6 cents lower at 7.18 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 5
1/4 cents lower to 14 3/4 cents higher at 9.30 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 1 to 11 cents lower from 7.04-
7.29 per bushel.  Kansas City US No 2 truck Yellow Corn was 7 to 9 cents higher
from 7.31-7.33 per bushel.  Omaha US No 2 truck Yellow Corn was 9 cents higher
from 7.28-7.30 per bushel.  Chicago US No 2 Yellow Corn was 12 to 24 cents
higher from 6.88 1/4-7.26 1/4 per bushel.  Toledo US No 2 rail Yellow corn was 9
cents higher from 7.01 1/4-7.05 1/4 per bushel.  Minneapolis US No 2 Yellow corn
rail was 1 cent higher at 6.92 1/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 30 1/2 to 40 1/2 cents higher from 4.18 1/2-4.28 1/2 per bushel.  US No
3 or better rail malting Barley, 70 percent or better plump out of Minneapolis
was 10 cents higher 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 16 cents higher at 12.20 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 3 cents lower to 17 cents higher from 11.85-12.01 per
cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 22 1/2 cents higher at
15.30 1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 16
1/2 to 24 1/2 cents higher from 15.70 1/4-15.78 1/4 per bushel.  Kansas City US
No 2 Yellow truck soybeans were 18 cents higher at 15.25 per bushel.  Central
Illinois 48 percent Soybean meal, processor rail bid was 9.20 to 15.20 higher
from 490.00-499.00 per ton.  Central Illinois Crude Soybean oil processor bid
was 67 to 77 points lower from 46.91-48.66 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

---

STAT News Service