Daily National Grain Market Summary
11/02/2009 04:01PM
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St. Joseph, MO Mon Nov 02, 2009 USDA-MO Dept Ag Market News
Daily National Grain Market Summary
Grains had sharp gains as buying entered the market on Monday. Outside
markets were higher with crude oil and precious metals. Widespread harvest
maybe delayed in some cases as fields are very muddy delaying harvest progress.
Monday’s crop progress report is expected to show 25 percent corn harvested well
below the average pace. Wheat closed mostly 18-28 cents higher. Corn traded
13-17 cents higher. Soybeans closed mostly 16-24 cents higher.
DATE CHANGE YEAR AGO
TRUCK BIDS: 11/02/09 10/30/09 11/03/08
Wheat:
Kansas City (HRW ORD) 4.55-4.60 up 21 5.58
Minneapolis (DNS) 5.56 up 18 1/4 7.09 1/4
Portland (SWW) 4.75-4.85 up 5 4.75-5.00
St. Louis (SRW) 3.42 up 28 3.55
Corn, US No 2 Yellow:
Kansas City 3.59-3.64 up 16 3.93
Minneapolis 3.49 1/4 up 17 1/4 3.43
So. Iowa 3.56 1/4-3.58 3/4 up 16 1/4-13 3/4 3.33-3.47
Omaha 3.58-3.66 up 16-13 3.85-3.98
Soybeans, US No 1 Yellow:
Kansas City 9.83 up 5 9.13
Minneapolis 9.83 up 19 8.77 1/2
So. Iowa 9.87-9.93 up 17-16 1/2 8.57 1/2-8.64 1/2
Cent. Il Processor 10.02-10.15 up 24-21 9.12 1/2-9.32 1/2
FUTURES:
Kansas City (Dec) Wheat 5.20 up 21 5.97 3/4
Minneapolis (Dec) Wheat 5.31 up 18 1/4 6.65 1/4
Chicago (Dec) Wheat 5.16 3/4 up 22 1/2 5.62
Chicago (Dec) Corn 3.82 1/4 up 16 1/4 4.03
Chicago (Nov) Soybeans 9.97 1/2 up 19 1/2 9.28 1/4
Chicago (Jan) Soybeans 9.98 up 21 1/2 9.37 1/2
*EXPORT BIDS: Barge bids out of the Port of New Orleans, or Rail out of the
North Texas Gulf. Bids per bushel, except sorghum per cwt.
US 1 HRW Wheat, Ord Protein:
Rail 5.50-5.60 up 21 6.37 3/4-6.52 3/4
US 2 Soft Red Winter Wheat:
Barge 5.06 3/4-5.21 3/4 up 22 1/2 5.17-5.22
2 Yellow Corn:
Barge 4.30 1/4-4.34 1/4 up 15 1/4-18 1/4 4.52
US 2 Sorghum
Rail 7.27-7.54 up 29 7.29-7.46
Barge 8.16 1/2 up 32 1/2-29 7.10 3/4
US 2 Yellow Soybeans
Barge 10.71 1/2-10.75 1/2 up 19 1/2 9.76 1/4-9.88 1/4
SOURCE: USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
Greg Harrison, Market Reporter (816)238-0678
www.ams.usda.gov/LSMarketNews
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