Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO   Wed Jan 12, 2011    USDA-MO Dept Ag Market News


   The USDA Stocks Report sparked a sharply higher near limit up corn and 
soybean market as wheat had modest gains on the day.  The stocks report had 
lower production domestically and global supplies as well, with corn falling to 
the second tightest level on record.  USDa reduced the 2010 corn crop to 12.45 
billion bushel from its December estimates, while soybean production was trimmed 
from 3.37 bb to 3.33 bb.  Further shrinkage could result if dry conditions in 
Argentina continue.  Wheat closed mostly 10-15 cents higher.  Corn traded 21-24 
cents higher.  Soybeans closed 54-58 cents higher.

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

Wheat:                                                          
   Kansas City (HRW ORD)        7.77        up 14                4.69-4.72  
   Minneapolis (DNS)         9.07 1/2       up 12 1/2               5.74
   Portland (SWW)            7.70-7.75      up 10-5              4.65-4.85 
   St. Louis (SRW)              7.54        up 30                   4.30   
 
Corn, US No 2 Yellow:        
   Kansas City               6.10-6.15      up 21-24             3.60-3.64
   Minneapolis                 No Bid       n/a                     3.26
   So. Iowa                  6.08-6.11      up 24                3.34-3.49
   Omaha                     5.99-6.07      up 22-24             3.54-4.62

Soybeans, US No 1 Yellow:                    
   Kansas City             13.73-13.78      up 54-56                9.68
   Minneapolis                No Bid        n/a                    No Bid     
   So. Iowa                13.80-13.89      up 58-54             9.42-9.44 1/2
   Cent. Il Processor      13.91-14.05      up 58            9.90 1/2-9.97 1/2

FUTURES:                                                                
   Kansas City (Mar) Wheat     8.52         up 14                5.36 1/2
   Minneapolis (Mar) Wheat     8.77 1/2     up 12 1/4            5.44
   Chicago     (Mar) Wheat     7.70 1/2     up 11                5.37
   Chicago     (Mar) Corn      6.31         up 24                3.84
   Chicago     (Mar) Soybeans 14.15         up 58                9.92 1/2
    
*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   8.52-8.72                up 14-15 1/4                5.61-5.62
US 2 Soft Red Winter Wheat:                                  
     Barge  8.34 1/2-8.35 1/2        up 10-11                    5.54-5.55
Yellow Corn:                                                                
     Barge  6.68-6.69                up 23                       4.20-4.23
US 2 Sorghum                                                 
     Rail   10.91-11.36              up 43                          7.30
     Barge  11.80 1/4-12.07 1/4      up 42 3/4-43                8.01 3/4
US 2 Yellow Soybeans                
     Barge  14.67-14.75              up 55-58               10.50 1/2-10.58 1/2
  
SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Greg Harrison, Market Reporter (816)238-0678
         www.ams.usda.gov/LSMarketNews 
              
1519c    glh



.

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