Daily National Grain Market Summary

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St. Joseph, MO   Mon Oct 15, 2012     USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Soybeans again suffered sharp losses leading the rest of the grain complex 
lower.  Corn had sharp losses following soybeans lower as beans continued their 
decline as liquidation selling was in control on Monday.  Seasonal selling 
pressure along with better than expected yields for soybeans added to the market 
strain.  Wheat closed with modest losses compared to beans and corn with a late 
round of buying support.  Wheat closed 8-9 cents lower.  Corn traded 14-16 cents 
lower.  Soybeans closed 27-30 cents lower.
   Grains inspected for export for week ending October 11, 2012:  Wheat totaled 
7.0 million bushels, dn 6.2 million bushels; corn 17.2 million bushels, dn 200 
thousand bushels; sorghum 1.8 million bushels, dn 200 thousand bushels and 
soybeans 57.8 million bushels, up 12.1 million bushels compared to a week ago. 
Year to Date:  Wheat totaled 376.1 dn 47.5 million; corn 117.3 dn 48.0 million; 
sorghum 12.1 million dn 1.8 million, and soybeans 180.5 up 66.0 million.  Crop 
marketing years begin June 1 for wheat and September 1 for corn, sorghum, and 

                              DATE         CHANGE                 YEAR AGO
TRUCK BIDS:                 10/15/12      10/12/12                10/17/11

   Kansas City (HRW ORD)       8.51        dn 9                      6.79      
   Minneapolis (DNS)           9.31        dn 3 1/4               8.89 3/4
   Portland (SWW)              N/A         N/A                    6.10-6.24
   St. Louis (SRW)             8.29        dn 8                      6.04
Corn, US No 2 Yellow: 
   Kansas City              7.52-7.55      dn 16                     6.41
   Minneapolis              7.05 1/4       dn 12 1/4              6.11 1/2
   So. Iowa             7.18 1/4-7.24 1/4  dn 15 1/2-16 1/2   6.30 1/2-6.32 1/2
   Omaha                    7.52-7.57      dn 16-14               6.36-6.39

Soybeans, US No 1 Yellow: 
   Kansas City                14.93        dn 30                 12.23-12.28
   Minneapolis                14.73 1/2    dn 16                    12.22 
   So. Iowa            14.79 1/2-14.84     dn 27 1/2-30 1/2      12.28-12.35    
   Cent. Il Processor  15.02 1/2-15.07 1/2 dn 30                 12.43-12.58     
   Kansas City (Dec) Wheat     8.81 1/4    dn 9                   7.14 1/4
   Minneapolis (Dec) Wheat     9.21        dn 3 1/4               8.95 3/4  
   Chicago     (Dec) Wheat     8.48 1/4    dn 8 1/2               6.24 1/4 
   Chicago     (Dec) Corn      7.37 1/4    dn 15 1/2              6.40 1/2
   Chicago     (Nov) Soybeans 14.92 1/2    dn 30                 12.53

*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     9.51 1/4-9.66 1/4      dn 9                     7.84 1/4-7.94 1/4
US 2 Soft Red Winter Wheat:                                   
     Barge    9.05 1/4-9.06 1/4      dn 8 1/2                 6.81 1/4-6.90 1/4
Yellow Corn:                                                                
     Barge    8.00 1/4-8.03 1/4      dn 15 1/2                7.07 1/2-7.12 1/2
US 2 Sorghum                                              
     Rail     12.36 1/4-12.63        dn 27 1/2               12.06 1/4-12.15 1/4
     Barge    12.96 3/4-12.98 3/4    dn 27 3/4-27 1/2        12.06 1/4-12.24
US 2 Yellow Soybeans                 
     Barge    15.66 1/2-15.68 1/2    dn 30                       13.15-13.21     

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Greg Harrison, Market Reporter (816)238-0678
1515c    glh

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