Daily National Grain Market Summary

SJ_GR850
St. Joseph, MO   Fri May 04, 2012     USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Grain and soybean bids traded slight to moderately higher with wheat slightly 
lower.  Wheat was pressured by the lower outside markets and talk of large 
yields for winter wheat this season.  Corn was higher as support came from 
strong cash basis.  Soybeans rallied due to overnight export announcement.  
However, resistance was noted from heavy rain this week in areas of the Midwest 
that was in need of rain.  Wheat was mostly 1-6 cents lower.  Corn was 5-11 
cents higher.  Soybeans were 2-6 cents higher.

                              DATE         CHANGE                 YEAR AGO
TRUCK BIDS:                 05/04/12      05/03/12                05/06/11

Wheat: 
   Kansas City (HRW ORD)       5.95        dn 6                   7.99-8.04
   Minneapolis (DNS)           8.09        dn 1 1/2               9.58 3/4
   Portland                 6.70-6.80      dn 5-20                7.60-7.70
   St. Louis (SRW)             6.25        dn 6                      7.48
 
Corn, US No 2 Yellow: 
   Kansas City              6.53           up 5                      6.77
   Minneapolis              6.26 1/4       up 6 3/4               6.33 1/4
   So. Iowa             6.53 1/4-6.60 3/4  up 8 3/4-10 3/4    6.67 1/4-6.71 1/4
   Omaha                    6.40-6.43      up 5                   6.77-6.82

Soybeans, US No 1 Yellow: 
   Kansas City                14.76        up 2                  13.51-13.52
   Minneapolis             14.46 1/4       up 4 3/4                 12.70
   So. Iowa            14.72 1/4-14.75 1/4 up 4 3/4              13.01-13.10
   Cent. Il Processor  14.81 1/4-14.88 1/4 up 4 3/4              13.26-13.40

FUTURES: 
   Kansas City (Jul) Wheat     6.27        dn 6                   8.74
   Minneapolis (Jul) Wheat     7.44        dn 1 1/2               9.03 3/4
   Chicago     (Jul) Wheat     6.09 1/2    dn 6                   7.59 1/2
   Chicago     (Jul) Corn      6.20 1/4    up 5 3/4               6.86 1/4
   Chicago     (Jul) Soybeans 14.78 1/4    up 4 3/4              13.26

*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     6.76-6.77              dn 6                         9.14-9.19
US 2 Soft Red Winter Wheat:                                   
     Barge    6.61 1/2-6.62 1/2      dn 4-6                   8.09 1/2-8.14 1/2
Yellow Corn:                                                                
     Barge    7.03 1/4-7.22 1/4      up 5 3/4-11 3/4          7.42 1/4-7.43 1/4
US 2 Sorghum                                              
     Rail     n/a                    n/a                         11.74-11.83
     Barge    n/a                    n/a                             n/a
US 2 Yellow Soybeans                 
     Barge    15.40 1/4-15.43 1/4    up 6 3/4-4 3/4              13.84-13.90

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Baldemar Ortiz, Market Reporter (816)238-0678
         www.ams.usda.gov/LSMarketNews 
              
1516     bro





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