Daily National Grain Market Summary

SJ_GR850  
St. Joseph, MO   Fri Jan 21, 2011    USDA-MO Dept Ag Market News


   Wheat had sharp gains providing spillover support for corn as soybeans closed 
with slight losses.  Soybeans closed slightly lower and again were unwilling 
followers of corn and wheat.  Buying interest on soybeans is limited at this 
time with favorable weather conditions in Argentina.  Corn closed with modest 
gains on support from wheat.  Wheat had active buying and closed with double-
digit gains as there are growing concerns with global stocks tightening and 
flood concerns in Australia.  Corn had export sales of 904,800 mt (35.6 mb) for 
current marketing year and 125,000 mt for next year.  Soybeans had export sales 
of 732,400 mt (26.9 mb) for current marketing year and 183,000 for next year.  
Wheat had bullish export sales of 1,054,300 mt (38.7 mb).  Wheat closed mostlt 
14-17 cents higher.  Corn traded mostly 3 cents higher.  Soybeans closed mostlt 
2 cents lower.


                               DATE          CHANGE              YEAR AGO
TRUCK BIDS:                  01/21/11       01/20/11             01/22/10

Wheat:                                                          
   Kansas City (HRW ORD)        8.25        up 14                4.32-4.37  
   Minneapolis (DNS)            9.67 1/4    up 17 1/4            5.42 1/2
   Portland (SWW)            7.85-7.90      unch-up 5            4.60-4.85 
   St. Louis (SRW)              8.22        up 29                4.01   
 
Corn, US No 2 Yellow:        
   Kansas City               6.34-6.37      up 3                 3.40-3.45
   Minneapolis                 No Bid       n/a                  3.16 3/4 
   So. Iowa              6.28 3/4-6.35 1/4  up 2 3/4-3 1/4  3.27 3/4-3.29 3/4  
   Omaha                     6.25-6.31      up 3                 3.38-3.43

Soybeans, US No 1 Yellow:                    
   Kansas City              13.67-13.72     dn 2                  9.32-9.34
   Minneapolis                 No Bid       n/a                    No Bid     
   So. Iowa             13.76 3/4-13.84 1/4 dn 2 1/2-unch          No Bid  
   Cent. Il Processor   13.85 1/4-13.97 1/4 dn 2               9.51 1/2-9.61 1/2

FUTURES:                                                                
   Kansas City (Mar) Wheat     9.00         up 13 3/4            5.02    
   Minneapolis (Mar) Wheat     9.37 1/4     up 17 1/4            5.12 1/2
   Chicago     (Mar) Wheat     8.24 1/2     up 21                4.98 1/2
   Chicago     (Mar) Corn      6.57 1/4     up 3 1/4             3.64 3/4
   Chicago     (Mar) Soybeans 14.12 1/4     dn 2                 9.51 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   9.00-9.14 3/4            up 13 3/4-11               5.26-5.27   
US 2 Soft Red Winter Wheat:                                  
     Barge  8.89 1/2-8.96 1/2        up 21                    5.07 1/2-5.09 1/2
Yellow Corn:                                                                
     Barge  6.93 1/4-6.95 1/4        up 5 1/4-3 1/4           4.07 3/4-4.08 3/4         
US 2 Sorghum                                                 
     Rail   11.20-11.83              dn 12-up 6                   6.96  
     Barge  12.13-12.54              up 5 3/4                     7.67 1/2
US 2 Yellow Soybeans                
     Barge  14.62 1/4                up 1                    10.11 1/2-10.13 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 
              
1512c    glh



.

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