Mississippi Daily Grain Report

JK_GR110
Jackson, Ms Monday, May 21, 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 up 8, Wheat up 9, Sorghum dn 3, Corn dn 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)    14.43    +30N    7.09    +05N                   6.58    +25N
Belzoni             14.21    +08N    6.87    -17N                   6.50    +17N
Greenwood           14.18    +05N    7.09    +05N                   6.58    +25N
Hollandale                                          6.13    -20N            
Indianola           14.23    +10N    6.89    -15N                   6.45    +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          13.33    +27X    ----    -N                     5.14    -35U
Belzoni             13.11    +05X    ----    -N                     5.06    -43U
Greenwood           13.08    +02X    ----    -N                     5.14    -35U
Hollandale                                          4.81   -60Z                
Indianola           13.13    +07X    ----    -N                     5.01    -48U
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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1. UK beef study: Birth/weaning weight
2. Early preparation key to a good calving season
3. Oil gains moderately, trading sluggish ahead of Fed
4. House cafeterias to discontinue "Meatless Mondays"
5. Crude oil expected to peak and cost of electricity to go down
6. Ag markets mixed again Tuesday

1. 3,000 pounds of copper wire stolen from Oklahoma ranch
2. Will Smith dethroned in latest Peterson Farm Bros. parody
3. Changes in U.S.-Mexican cattle and beef trade
4. Experts weigh in on lowest beef supply in 60 years
5. Peterson Brothers: What summer vacation?
6. Pasture and range conditions improve

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2. NIAA releases white paper on FMD preparedness
3. Feedyard margins a train wreck, packers cozy
4. Finding the comedy in ag-gag
5. Vilsack: A bill to grow local, regional markets
6. Expert offers tips to reduce hay-drying time