Daily National Grain Market Summary

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SJ_GR850   
St. Joseph, MO    Fri Feb 28, 2014    USDA-MO Dept Ag Market News
  
Daily National Grain Market Summary

   Grains for February went out roaring like a lion as sharp gains for soybeans  
and solid gains for corn and wheat all rebounded from Thursday’s losses.  
Soybeans were higher on purchases from China and tight old-crop supplies along 
with reduces estimates in Brazil’s soybean crop.  Corn rebounded it’s losses and 
closed higher with good export demand and also lower corn production estimates 
in Brazil.  Wheat found buying support as cold temperatures snow and ice are in 
the forecast with the dollar lower on Friday.  Wheat closed 9-16 cents higher.  
Corn traded 9-10 cents higher.  Soybeans closed 13 3/4-23 1/2 cents higher.
   
                               DATE         CHANGE                YEAR AGO
TRUCK BIDS:                  02/28/14       02/27/14              03/01/13

Wheat:   
   Kansas City (HRW ORD)     6.62-6.67      up 14 3/4                7.19    
   Minneapolis (DNS)         7.36 1/4       up 13                    8.45 1/4
   Portland (SWW)        7.17 1/4-7.22 1/4  up 13-dn 7 3/4        8.70-8.70 1/2 
   St. Louis (SRW)           6.22-6.29      up 13-9                  7.59
 
Corn, US No 2 Yellow: 
   Kansas City               4.55 1/2       up 9 1/2-7 1/2           7.57   
   Minneapolis               4.34 1/2       up 9 1/2                 7.02 1/2
   So. Iowa              4.49 1/2-4.67 1/2  up 10 1/2-25 1/2      7.23-7.32 1/2
   Omaha                     4.48-4.49      up 10-9               7.44-7.48 

Soybeans, US No 1 Yellow:    
   Kansas City              14.12 1/4       up 13 3/4               14.79
   Minneapolis              13.64 1/4       up 20 3/4               No Bid      
   So. Iowa                 13.86-14.00     up 17 1/2-24     14.61 1/2-14.68     
   Cent. Il Processor       14.19-14.39     up 20 1/2-23 1/2 14.78 1/2-14.90 1/2            
  
FUTURES: 
   Kansas City (Mar) Wheat     6.77         up 14 3/4             7.56    
               (May)           6.74         up 8 1/2                        
   Minneapolis (Mar) Wheat     6.70 3/4     up 15 1/4             8.05 1/4
               (May)           6.56 1/4     up 13                            
   Chicago     (Mar) Wheat     5.99         up 16 3/4             7.20 1/2
               (May)           6.02 1/4     up 13                             
   Chicago     (Mar) Corn      4.57 1/2     up 9 1/2              7.08 1/2
               (May)           4.63 1/2     up 9                              
   Chicago     (Mar) Soybeans 14.14 1/4     up 20 3/4            14.43 1/2 May
               (May)          14.14         up 24       
    
*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     8.07-8.10              up 14 3/4                    8.41-8.56    
US 2 Soft Red Winter Wheat:                                  
     Barge    7.09-7.14              up 16 3/4                7.78 1/2-7.85 1/2
Yellow Corn:                                                                
     Barge    5.52 1/2-5.55          up 9 1/2-11 1/2          7.78 1/2-7.88 1/2
US 2 Sorghum                                              
     Rail    10.13 1/2-10.40 1/4     up 17                   13.29 1/2-13.36 1/2 
     Barge   10.31 1/4-10.40 1/4     up 17                   13.37 1/2-13.55 1/4
US 2 Yellow Soybeans
     Barge   15.09 1/4-15.14 1/4     up 20 3/4               15.27 1/2-15.34 1/2

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Greg Harrison, Market Reporter (816)676-7000
         www.ams.usda.gov/LSMarketNews 
              
1528c         






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