USDA National Grain Review

ST. JOSEPH - Jul 10/15 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through Jul 10.

WEEKLY NATIONAL GRAIN MARKET REVIEW
   Grain and soybean bids were mostly mixed on the week, wheat traded mostly 12-
35 cents lower, corn mostly 1-5 cents higher and soybeans closed 6-8 cents
lower.  This Friday USDA will release its WASDE Report which could adjust
production and yield estimates in corn and soybeans as the report will probably
expect lower corn and soybean stocks and yields.  We are starting to see
an increase in volatility in the markets which is a pretty good sign that they
want to move from their current levels especially in the grains.  Grains are
looking to move higher as excessive amounts of moisture through the Midwest and
eastern Cornbelt have in some areas seen crop conditions deteriorate over the
last several weeks.  No doubt the debate will start over grain numbers; how
widely varying crop conditions have developed throughout many important
production areas.  Corn crop was rated 69 percent good to excellent this week
compared to 68 percent last week.  Wheat was mostly 12-35 cents lower.  Corn
traded mixed, mostly 1-5 cents higher with sorghum trading 3 cents higher.
Soybeans closed 6-8 cents lower.
   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 12
1/2 cents lower from 6.64 1/4-6.74 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 12 to 14 cents lower from 5.32-5.63 per bushel.  Minneapolis
and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was
35 to 45 cents lower from 7.34-7.39 per bushel.  Portland US Soft White wheat
rail was not available per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 1 cent lower to 2 cents higher
from 4.14-4.23 per bushel.  Kansas City US No 2 truck Yellow Corn was 1/4 to 2
higher from 4.02-4.08 per bushel.  Chicago US No 2 Yellow Corn was 1/4 to 1 1/4
cents higher from 4.08 3/4-4.23 3/4 per bushel.  Toledo US No 2 rail Yellow corn
was 6 3/4 to 14 3/4 cents lower from 4.21 3/4-4.25 3/4 per bushel.  Minneapolis
US No 2 Yellow corn rail was 1/4 cent higher at 3.83 3/4 per bushel.
   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20
day was 4 1/2 cents higher from 2.69 1/2-3.09 1/2 per bushel.  US No 3 or better
rail malting Barley, 70 percent or better plump out of Minneapolis was not
available per bushel.  Portland US 2 Barley, unit trains and Barges-export was
not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 3 cents higher at 8.27 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was not compared to last week but was 7.64-8.12 cwt.
   OILSEEDS:  Minneapolis Yellow truck soybeans were 8 cents lower at 10.07 1/4
per bushel.  Illinois Processors US No 1 Yellow truck soybeans were 7 cents
lower to 6 cents higher from 10.56 1/4-10.61 1/4 per bushel.  Kansas City US No
2 Yellow truck soybeans were 2 to 7 cents lower at 10.46 1/4 per bushel.
Illinois 48 percent Soybean meal, processor rail bid was 7.30 lower to 5.70
higher from 373.10-375.10 per ton.  Central Illinois Crude Soybean oil processor
bid was 99 points lower from 31.87-32.87 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO

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