USDA National Grain Review

ST. JOSEPH - Jul 19/13 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jul 19.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids closed moderate to sharply
lower.  The grains were mostly under pressure this week as corn and soybean
crops will remain sensitive to the weather forecast as we are seeing dry
conditions in the western corn-belt and plains.  However, rain is in the
forecast for the next five days and farmers are hoping to get a significant
amount of moisture in the dry areas.  Corn has 16 percent in the silking stage
which is well behind the average 0f 35 percent for this time of year.  The NOPA
crush report was released earlier in the week pegging June crushing at 119
million bushel which was 3.5 million more than expected.  Weekly export sales
for corn were bullish totaling 1,743,700 tonnes with 152,900 tonnes for 2012-
2013.  Export sales for soybeans totaled 702,300 tonnes with 110,600 tonnes for
2012-2013.  Export sales for wheat were bullish at 996,600 tonnes.
Weather forecast calling for mild warm weather across the Corn Belt should keep
corn crop conditions at 68 percent good to excellent.  August soybeans benefited
from a better than expected soybean crush and tight old crop supplies.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 6
1/4 to 25 1/4 cents lower from 7.77 1/4-8.40 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 18 cents lower at 6.75 per bushel.  Minneapolis and
Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 47
to 52 cents lower from 8.25 1/4-8.30 1/4 per bushel.  Portland US Soft White
wheat rail was 22 1/2 cents lower from 7.10 1/2-7.30 1/2 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 14 to 18 cents lower from
6.73-6.83 per bushel.  Kansas City US No 2 truck Yellow Corn was steady at 7.16
per bushel.  Omaha US No 2 truck Yellow Corn was 14 to 19 cents lower from 6.92-
7.02 per bushel.  Chicago US No 2 Yellow Corn was 9 3/4 to 19 3/4 cents lower
from 6.41-6.91 per bushel.  Toledo US No 2 rail Yellow corn was 11 3/4 cents
lower to 1/4 cent higher from 6.81-6.96 per bushel.  Minneapolis US No 2 Yellow
corn rail was 16 3/4 cents lower at 6.78 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 3 cents lower from 3.83 1/4-3.88 1/4 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was 5 cents higher
at 6.90 per bushel.  Portland US 2 Barley, unit trains and Barges-export was not
available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 46 cents lower at 11.36 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 36 cents lower at 11.44 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 76 3/4 cents lower at 14.94
1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 32 3/4
to 42 3/4 cents lower from 15.69 1/4-15.94 1/4 per bushel.  Kansas City US No 2
Yellow truck soybeans were 28 to 33 cents lower at 15.69 per bushel.  Central
Illinois 48 percent Soybean meal, processor rail bid was 15.60 lower to 5.40
higher from 565.40-568.40 per ton.  Central Illinois Crude Soybean oil processor
bid was 101 points lower from 44.42-46.27 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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