Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO    Thu Feb 14, 2013    USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Grains rallied off their session lows, but still closed lower.  Corn came 
close for the second day in a row but still could not end its losing streak 
closing fractionally lower as export sales remain weak.  Expectations for large 
crops in South America are weighing on prices for corn and soybeans.  Weekly 
export sales for corn were again bearish totaling 225,400 mt (8.9 mb) for 2012-
2013 current marketing year.  Soybeans had export sales totaling 976,200 mt 
(35.9 mb).  Wheat had weekly export sales totaling 651,700 mt (24.3 mb) for 
2012-2013 current marketing year.  Wheat closed 4-5 cents lower.  Corn traded 
mostly 1 cent lower.  Soybeans closed 4-5 cents lower.


                              DATE         CHANGE               YEAR AGO
TRUCK BIDS:                 02/14/13      02/13/13              02/16/12

Wheat:   
   Kansas City (HRW ORD)    7.35-7.40      dn 5                 6.58-6.60
   Minneapolis (DNS)           8.44 1/4    up 1 1/4                8.67 3/4
   Portland (SWW)           8.50-8.75      up 2-4 1/2           7.00-7.18
   St. Louis (SRW)            7.72         dn 4                    6.49
 
Corn, US No 2 Yellow: 
   Kansas City              7.30-7.35      dn 1                 6.51-6.56
   Minneapolis                 6.83 3/4    dn 3/4                 No Bid
   So. Iowa             6.91 3/4-7.06 3/4  dn 1/4-3/4       6.18 1/4-6.31 1/4 
   Omaha                    7.15-7.23      dn 1                 6.44-6.46

Soybeans, US No 1 Yellow: 
   Kansas City                14.53        dn 5                   12.66
   Minneapolis                No Bid       n/a                    No Bid
   So. Iowa                14.18-14.20     dn 4-5          12.38 1/4-12.42 1/4
   Cent. Il Processor      14.44-14.58     dn 5            12.62 1/4-12.73 1/4
 
FUTURES: 
   Kansas City (Mar) Wheat     7.75        dn 5 1/4             6.83     
   Minneapolis (Mar) Wheat     8.19 1/4    dn 3 3/4             8.17 3/4
   Chicago     (Mar) Wheat     7.32        dn 3 1/2             6.28 3/4
   Chicago     (Mar) Corn      6.94 3/4    dn 3/4               6.36 1/4 
   Chicago     (Mar) Soybeans 14.18        dn 5                12.58 1/4

*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     8.60-8.75              dn 5 1/4                   7.33-7.53     
US 2 Soft Red Winter Wheat:                                   
     Barge    8.07-8.10              dn 6 1/2-7 1/2         6.93 3/4-6.98 3/4
Yellow Corn:                                                                
     Barge    7.57 3/4-7.59 3/4      dn 3/4                 7.05 1/4-7.12 1/4 
US 2 Sorghum                                              
     Rail     12.58 1/2-13.12        dn 1 1/4-1 1/2         11.89 3/4-12.34 1/4
     Barge    12.76 1/4-13.21        dn 1 1/2-1 1/4        11.80 3/4-12.34 1/4
US 2 Yellow Soybeans                 
     Barge    14.93-15.00            dn 5-3                13.30 1/4-13.32 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 
              
1525c    glh




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