USDA National Grain Review

ST. JOSEPH - Feb 7/14 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Feb 7.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Compared to last week, grain and soybean bids traded higher.  The grain
markets saw gains most of the week, with wheat and corn posting slight losses on
Thursday.  Wheat saw a boost from concerns of winter kill.  The Midwest saw
heavy snow followed by frigid temperatures.  The snow provided a blanket to the
winter wheat crop.  Yet, in some parts of the southern plains snow cover is
lacking.  Soybeans saw support from higher soybean meal prices as supplies are
tight, along with good export sales.  Dry conditions have moved into Brazil
causing concerns.  Soybean basis saw a drop due to increase producer selling.
Corn saw five straight days of gains, its highest close in about three months as
exports remain good.  Wheat was mostly 21-47 cents higher.  Yellow Corn was 2-11
cents higher.  Sorghum was 16-17 cents higher.  Soybeans were 30-51 cents
higher.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 33
to 38 cents higher from 7.48 3/4-8.08 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 27 to 32 cents higher from 6.05-6.10 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
5 cents lower to 21 cents higher from 8.92 1/4-9.18 1/4 per bushel.  Portland US
Soft White wheat rail was 42 1/4 to 47 1/4 cents higher from 7.00 3/4-7.10 3/4
per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 12 to 13 cents higher from
4.87-4.92 per bushel.  Kansas City US No 2 truck Yellow Corn was 5 1/2 to 9 1/2
cents higher from 4.44-4.48 per bushel.  Omaha US No 2 truck Yellow Corn was 5
to 8 cents higher from 4.32-4.33 per bushel.  Chicago US No 2 Yellow Corn was 2
1/2 to 11 1/2 cents higher from 4.30-4.43 per bushel.  Toledo US No 2 rail
Yellow corn was 9 1/2 to 11 1/2 cents higher from 4.29-4.33 per bushel.
Minneapolis US No 2 Yellow corn rail was 10 1/2 cents higher at 4.27 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 25 3/4 to 30 3/4 cents lower from 4.36 1/4-4.41 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 5.65 per bushel.  Portland US 2 Barley, unit trains and
Barges-export was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 17 cents higher at 8.00 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 16 to 17 cents higher from 7.64-7.90 per cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 30 3/4 cents higher at
12.75 3/4 per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 50
3/4 to 51 3/4 cents higher from 13.32 3/4-13.50 3/4 per bushel.  Kansas City US
No 2 Yellow truck soybeans were 47 3/4 to 48 3/4 cents higher from 13.43 3/4-
13.47 3/4 per bushel.  Central Illinois 48 percent Soybean meal, processor rail
bid was 20.80 higher from 501.00-507.00 per ton.  Central Illinois Crude Soybean
oil processor bid was 169 to 174 points higher from 35.66-35.76 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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STAT News Service