Mississippi Daily Grain Report

JK_GR110
Jackson, Ms Tuesday, May 8, 2012   USDA-MS Market News
Mississippi Daily Grain Report.  Grain prices at Country Elevators.

Bid price as of 2:00 p.m. (Price per bushel): Trends compared to previous day
close (Old Crop): Soybeans dn 28, Wheat dn 3, Sorghum up 3, Corn up 3.

                                     Cash Bids
                    No 1 Yellow      No 2 Soft Red  No 2 Yellow     No 2 Yellow
                    Soybeans basis   Wheat basis    Sorghum basis   Corn  basis
Greenville (FGT)    14.63    +25N    6.15    -0K                    6.48    +25N
Belzoni             14.41    +03N    5.93    -N                     6.40    +17N
Greenwood           14.38    -0N     6.10    -05N                   6.48    +25N
Hollandale                                          6.03    -20N            
Indianola           14.43    +05N    5.95    -20N                   6.35    +12N
Rosedale            -----    +N      ----    -K     ----    -K      ----    +K
Hurricane Point     -----    -N      ----    -K     ----    -Z      ----    -
Greenville (Bunge)  -----    +N      ----    -K     ----    -K      ----    +K

                                     Contract Bids
                    No 1 Yellow      No 2 Soft Red  No 2 Yellow     No 2 Yellow
                     A/S/O 12         MAY/JUNE 12      AUG/SEP 12      J/S 12
                    Soybeans Basis   Wheat Basis    Sorghum Basis   Corn Basis
Greenville          13.68    +27X    ----    -N                     5.08    -30U
Belzoni             13.46    +05X    ----    -N                     5.00    -38U
Greenwood           13.43    +02X    ----    -N                     5.08    -30U
Hollandale                                          4.68   -60Z                
Indianola           13.48    +07X    ----    -N                     4.95    -43U
Rosedale            -----    +X      ----    -N     ----   -Z       ----    -U
Hurricane Point     -----    -X      ----    -N                     ----    -U
Greenville          -----    +X      ----    -N     ----   -Z       ----    -U
  
Chicago Board of Trade/Kansas City Board of Trade month symbols:
F January, H March, K May, N July, Q August, U September, V October,
X November, Z December.

Source: Mississippi Dept. of Ag- USDA Market News, Jackson, Ms.
www.ams.usda.gov/mnreports/JK_ GR110.txt





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4. Oil ends lower, pares losses as dollar weakens
5. Plains storms cause minor harm to Oklahoma/Kansas wheat
6. Cornell genetic testing process cuts cost by up to 75 percent

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3. Corn planting pace turns from record slow to record fast
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6. Ag markets were mixed to start the new week

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