USDA National Grain Review

ST. JOSEPH - Aug 9/13 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Aug 9.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids closed mixed.  Wheat saw some
pressure from reports of good world wheat crop production as Europe’s harvest is
under way.  Weekly export sales for wheat were good lending a boost to bids.
Corn saw declines as weather throughout the Midwest continues to see rain and
cool temperatures.  Soybeans also posted some losses due to improved crop
ratings and favorable weather outlook.  However, the firm basis for corn and
soybeans lend support on slow producer selling.  Export sales for soybeans came
in at a total of 1,097,000 tonnes.  Soybean meal sales came in at a total of
135,600 tonnes.  Oil was disappointing for a total of 2,500 tonnes.  Corn net
weekly export sales came in at 290,100 tonnes for the current marketing year and
220,900 for the next year for a total of 511,000 tonnes.  Wheat weekly export
sales came in at 726,200 tonnes, all for the current marketing year.  Wheat was
mostly 5-32 cents lower.  Corn was 29 cents lower to 26 cents higher.  Sorghum
was 12-20 cents lower.  Soybeans were 14 cents lower to 76 cents higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12
3/4 to 29 3/4 cents lower from 7.72-8.40 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 32 cents lower at 6.52 per bushel.  Minneapolis and Duluth US
No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 5 3/4 to 11
3/4 cents higher from 8.28 1/2-8.38 1/2 per bushel.  Portland US Soft White
wheat rail was 5 to 6 cents lower from 7.17-7.25 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 17 to 22 cents lower from
5.15-5.20 per bushel.  Kansas City US No 2 truck Yellow Corn was 29 cents lower
at 5.59 per bushel.  Omaha US No 2 truck Yellow Corn was 4 to 26 cents higher
from 5.74-5.99 per bushel.  Chicago US No 2 Yellow Corn was 1 to 66 cents higher
from 5.33 1/2-6.13 1/2 per bushel.  Toledo US No 2 rail Yellow corn was 24 cents
lower from 5.63 1/2-6.03 1/2 per bushel.  Minneapolis US No 2 Yellow corn rail
was 6 cents higher at 5.78 1/2 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 22 1/4 cents higher from 3.92-3.97 per bushel.  US No 3 or better rail
malting Barley, 70 percent or better plump out of Minneapolis was steady at 6.15
per bushel.  Portland US 2 Barley, unit trains and Barges-export was not
available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 12 cents lower at 9.02 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 20 cents lower at 10.31 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 14 1/4 cents lower at 13.08
1/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 3 1/4
cents lower to 1 3/4 cents higher from 13.49 1/4-13.64 1/4 per bushel.  Kansas
City US No 2 Yellow truck soybeans were 76 cents higher at 13.44 per bushel.
Central Illinois 48 percent Soybean meal, processor rail bid was 12.80 to 36.80
lower from 434.60-440.60 per ton.  Central Illinois Crude Soybean oil processor
bid was 59 to 84 points lower from 40.35-42.15 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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