Daily National Grain Market Summary

SJ_GR850
St. Joseph, MO   Mon May 07, 2012     USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Soybeans had double-digit losses with corn and wheat closing with slight 
gains.  Corn rallied at the close to close near unchanged.  Soybeans failed to 
show any strength on Monday as favorable weather conditions help to spark 
selling pressure.  Wheat had modest gains as corn rallied late in the day.  
Wheat closed 3-4 cents higher.  Corn traded unchanged to 2 cents higher.  
Soybeans closed 12-14 cents lower.
   Grains inspected for export for week ending May 03, 2012:  Wheat totaled 24.1 
million bushels, up 4.3 million bushels; corn 29.3 million bushels, up 4.2 
million bushels; sorghum 178 thousand bushels, dn 463 thousand bushels and 
soybeans 10.0 million bushels, dn 5.7 million bushels compared to a week ago. 
Year to Date:  Wheat totaled 940.4 dn 227.1 million; corn 1109.2 dn 81.9 
million; sorghum 41.3 million dn 62.5 million, and soybeans 1099.3 dn 267.2 
million.  Crop marketing years begin June 1 for wheat and September 1 for corn, 
sorghum, and soybeans. 
                              DATE         CHANGE                 YEAR AGO
TRUCK BIDS:                 05/05/12      05/04/12                05/09/11

Wheat: 
   Kansas City (HRW ORD)       5.99        up 4                   8.40-8.45
   Minneapolis (DNS)           8.01        dn 8                   9.99 3/4
   Portland                 6.65-6.80      dn 5-unch              7.65-7.85
   St. Louis (SRW)             6.28        up 3                      7.79
 
Corn, US No 2 Yellow: 
   Kansas City              6.53           unch                   6.96-6.99
   Minneapolis              6.32           up 5 3/4               6.54 1/2
   So. Iowa                 6.53-6.63      dn 1/4-up 2 1/4    6.88 1/2-6.94
   Omaha                    6.39-6.43      dn 1-unch              6.99-7.04

Soybeans, US No 1 Yellow: 
   Kansas City                14.62        dn 14                 13.61-13.65
   Minneapolis             14.34 3/4       dn 11 1/2                12.79
   So. Iowa            14.59 3/4-14.62 3/4 dn 12 1/2             13.15-13.22
   Cent. Il Processor  14.68 3/4-14.75 3/4 dn 12 1/2             13.37-13.50

FUTURES: 
   Kansas City (Jul) Wheat     6.31 1/4    up 4 1/4               9.14 1/2
   Minneapolis (Jul) Wheat     7.36        dn 8                   9.44 3/4
   Chicago     (Jul) Wheat     6.12        up 2 1/2               7.09 1/2
   Chicago     (Jul) Corn      6.20        dn 1/4                 7.07 1/2
   Chicago     (Jul) Soybeans 14.65 3/4    dn 12 1/2             13.35

*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     6.80 1/4-6.81 1/4      up 4 1/4                 9.54 1/2-9.59 1/2
US 2 Soft Red Winter Wheat:                                   
     Barge    6.65-6.67              up 3 1/2-4 1/2          8.40 1/2-8.45 1/2
Yellow Corn:                                                                
     Barge    7.03-7.22              dn 1/4                   7.63 1/2-7.64 1/2
US 2 Sorghum                                              
     Rail     n/a                    n/a                         12.19-12.28
     Barge    n/a                    n/a                             n/a
US 2 Yellow Soybeans                 
     Barge    15.28 3/4-15.30 3/4    dn 11 1/2-12 1/2            13.93-14.00

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Greg Harrison, Market Reporter (816)238-0678
         www.ams.usda.gov/LSMarketNews 
              
1516     glh





. 

1. U.S. food labels seen heating up North America meat war
2. Seven jobs more dangerous than farming
3. USMEF board meeting kicks off Wednesday in D.C.
4. Schwieterman: Feeders get a boost overnight with lower corn trade
5. Corn planting pace turns from record slow to record fast
6. Showers to slow U.S. corn seedings from blistering pace

1. Michigan hay buyers should plan purchases early
2. U.S. cattle placements rise in April as feed costs subside
3. New animal identification rules aid disease traceability
4. Corn planting pace turns from record slow to record fast
5. Ag markets were mixed to start the new week
6. Corn and soybean prices continue to retrace 2012 drought rally

1. Tyson selects panel to monitor animal welfare program
2. BeefTalk: How do we get the next generation to raise beef?
3. Meat and climate change: How significant is the impact?
4. 2014 Farm Bill: Are we near an agreement?
5. Farm bill and immigration reform action needed
6. Boxed beef hits record highs, cattle weak to lower