Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO   Thu Jan 13, 2011    USDA-MO Dept Ag Market News

   Grain and soybeans continue to trend higher as the lower dollar lend some 
support.  Corn saw double digit gains as uncertainty over crop conditions in 
Argentina triggered the rally. Soybeans were slightly higher due to spillover 
support from corn.  Weekly export sales for corn came in below trade 
expectations at 439,200 tonnes for the current marketing year and 68,300 for 
next year totaling 507,500 tonnes.  Soybeans came in at 495,000 tonnes for the 
current marketing year and 180,000 for the next year coming in at a total of 
675,000 tonnes which was slightly higher than expected.  Weekly export sales for 
wheat came in below trade expectations at 147,300 tonnes for the current 
marketing year and 27,900 for the next year at a total of 175,200 tonnes.  
   Wheat was mostly 9-17 cents higher.  Corn was 9-14 cents higher.  Sorghum was 
17-21 cents higher.  Soybeans were mostly steady to 1 cent higher.

                               DATE          CHANGE              YEAR AGO
TRUCK BIDS:                  01/13/11       01/12/11             01/14/10

Wheat:                                                          
   Kansas City (HRW ORD)        7.94        up 17                4.59-4.62  
   Minneapolis (DNS)         9.23 3/4       up 16 1/4            5.66 3/4
   Portland (SWW)            7.70-7.75      unch                 4.65-4.85 
   St. Louis (SRW)              7.66        up 12                   4.24   
 
Corn, US No 2 Yellow:        
   Kansas City               6.22-6.25      up 12-10             3.57-3.61
   Minneapolis                 No Bid       n/a                     3.23
   So. Iowa              6.18 1/2-6.20      up 10 1/2-9          3.31-3.46
   Omaha                     6.11-6.21      up 12-14             3.51-3.59

Soybeans, US No 1 Yellow:                    
   Kansas City              13.74-13.79     up 1                    9.59
   Minneapolis                 No Bid       n/a                    No Bid     
   So. Iowa                 13.81-13.90     up 1                 9.29-9.36
   Cent. Il Processor       13.91-14.06     unch-up 1            9.82-9.89

FUTURES:                                                                
   Kansas City (Mar) Wheat     8.68 1/2     up 16 1/2            5.27
   Minneapolis (Mar) Wheat     8.93 3/4     up 16 1/4            5.36 3/4
   Chicago     (Mar) Wheat     7.83 1/2     up 13                5.27 3/4
   Chicago     (Mar) Corn      6.42 1/2     up 11 1/2            3.81
   Chicago     (Mar) Soybeans 14.16         up 1                 9.84
    
*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   8.68 1/2-8.88 1/4        up 16 1/2-16 1/4            5.51-5.52
US 2 Soft Red Winter Wheat:                                  
     Barge  8.43 1/2-8.48 1/2        up 9-13                 5.42 3/4-5.46 3/4
Yellow Corn:                                                                
     Barge  6.78 1/2-6.80 1/2        up 10 1/2-11 1/2            4.20-4.24
US 2 Sorghum                                                 
     Rail   11.12-11.56              up 21-20                       7.25
     Barge  11.97 1/4-12.27 3/4      up 17-20 1/2                7.96 1/2
US 2 Yellow Soybeans                
     Barge  14.66-14.76              dn 1-up 1                  10.42-10.50
  
SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Baldemar Ortiz, Market Reporter (816)238-0678
         www.ams.usda.gov/LSMarketNews 
              
1519c    bro



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