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 Saturday, May 17, 2008
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SJ_GR850
St. Joseph, MO Fri May 16, 2008 USDA-MO Dept Ag Market News
Daily National Grain Market Summary
Corn saw moderate losses on expectations of very good weather across the
Midwest going into the weekend and next week. Soybean bids emerged from
yesterday?s losses to close higher due to record high crude oil, a lower dollar
and news of the strike in Argentina extended to May 21. Wheat was mostly 2-12
cents higher. Corn was mostly 8-13 cents lower. Sorghum was 10-15 cents lower.
Soybeans were 25-36 cents higher.
DATE CHANGE YEAR AGO
TRUCK BIDS: 05/16/08 05/15/08 05/18/07
Wheat:
Kansas City (HRW ORD) 7.79 up 2 4.97
Minneapolis (DNS) 10.34 dn 8 5.15 1/2
Portland (SWW) n/a n/a 5.65-5.75
St. Louis (SRW) 5.76 up 4 4.40
Corn, US No 2 Yellow:
Kansas City 5.58-5.61 dn 8 3.49-3.51
Minneapolis 5.31 dn 8 3.41 1/4
So. Iowa 5.27-5.36 dn 17-11 3.58 1/4-3.60 1/4
Omaha 5.50-5.57 dn 8 3.50-3.52
Soybeans, US No 1 Yellow:
Kansas City 13.43 up 30 7.56
Minneapolis 12.98 up 36 1/2 7.27 1/2
So. Iowa 13.05-13.15 up 25 1/2-26 1/2 7.38 1/2-7.40 1/2
Cent. Il Processor 13.56-13.68 up 30 1/2 7.60 1/2-7.72 1/2
FUTURES:
Kansas City (Jul) Wheat 8.24 1/4 up 2 3/4 4.66 1/2
Minneapolis (Jul) Wheat 10.04 dn 3 5.00 1/4
Chicago (Jul) Wheat 7.75 1/2 up 4 4.71 1/4
Chicago (Jul) Corn 5.91 dn 8 3.71 1/4
Chicago (Jul) Soybeans 13.78 up 30 1/2 7.92 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 8.84 1/4-8.94 1/4 up 2 3/4-12 3/4 5.16 1/2-5.21 1/2
US 2 Soft Red Winter Wheat:
Barge 6.75 1/2-6.95 1/2 dn 1-up 4 4.69 1/4-4.72 1/4
2 Yellow Corn:
Barge 6.02-6.03 dn 12-13 4.04 1/4-4.06 1/4
US 2 Sorghum
Rail 10.55-10.82 dn 15-14 6.46-6.81
Barge 10.73 1/4 dn 10 3/4-14 1/4 6.98 3/4-7.07 1/2
US 2 Yellow Soybeans
Barge 13.91-13.94 up 28 1/2-30 1/2 7.90 1/2-7.92 1/2
SOURCE: USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
Baldemar Ortiz, Market Reporter (816)238-0678
www.ams.usda.gov/LSMarketNews
1521 bro
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