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Saturday, May 17, 2008


 

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 .


Karam Mfg.