Daily National Grain Market Summary

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SJ_GR850
St. Joseph, MO   Thu Aug 07, 2014    USDA-MO Dept Ag Market News
  
Daily National Grain Market Summary

   Grains all closed lower on Thursday as rain fell across the Midwest with more 
in the forecast.  Corn and soybean traders are still aware of bearish 
fundamental situations as the forthcoming U.S. crop looks to set records.  Corn 
had weekly export sales totaling 34.6 mb with 4.8 mb for 2013-2014 marketing 
year.  Soybeans had export sales of of 40.5 mb with 3.5 mb for 2013-2014 
marketing year.  Wheat had weekly export sales of 22.8 mb with 21.7 mb for 2014-
2015 marketing year.  Wheat closed mostly 7-13 1/2 cents lower.  Corn traded 1-3 
3/4 cents lower.  Soybeans closed mostly 7-12 cents lower.
   

                               DATE         CHANGE                YEAR AGO
TRUCK BIDS:                  08/07/14       08/06/14              08/08/13

Wheat:    
   Kansas City (HRW ORD) 6.41 1/4-6.46 1/4  dn 10                  7.07-7.09  
   Minneapolis (DNS)         6.89 1/2       dn 13 1/2               7.73 1/2
   Portland (SWW)        6.61 1/2-6.96 1/2  dn 6 1/2-16 1/2        7.17-7.25     
   St. Louis (SRW)              5.13        dn 7-45                 6.52      
  
Corn, US No 2 Yellow: 
   Kansas City           3.59 1/2-3.66 1/2  dn 3 3/4                5.59    
   Minneapolis               3.36 1/2       dn 3 3/4                5.78 1/2   
   So. Iowa              3.63 1/2-3.71 1/2  dn 1 3/4-3 3/4         5.60-5.73 1/2
   Omaha                     3.45-3.47      dn 3-1                 5.74-5.99

Soybeans, US No 1 Yellow:    
   Kansas City                 12.53        dn 7                    13.44    
   Minneapolis                 11.88        dn 18 1/2               13.08 1/4   
   So. Iowa                 11.68-12.66     dn 12-unch       12.86 1/4-13.14 1/4
   Cent. Il Processor       12.48-12.78     up 8-12          13.49 1/4-13.64 1/4 
  
FUTURES: 
   Kansas City (Sep) Wheat     6.46 1/4     dn 10                 7.02        
   Minneapolis (Sep) Wheat     6.34 1/2     dn 8 1/2              7.33 1/2 
   Chicago     (Sep) Wheat     5.61 1/2     dn 6 1/2              6.41 1/4 
   Chicago     (Sep) Corn      3.59 1/2     dn 3 3/4              4.73 1/2 
   Chicago     (Dec) Corn      3.71 1/4     dn 3                  4.59 3/4 
   Chicago     (Nov) Soybeans 10.78         dn 2                 11.84 1/4 
   

*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     N/A                    n/c                          8.32-8.33     
US 2 Soft Red Winter Wheat:                                  
     Barge    6.11 1/2-6.22 1/2      dn 11 1/2-2 1/2          6.85 1/4-7.01 1/4 
Yellow Corn:                                                                
     Barge    4.44 1/2-4.46 1/2      dn 4 3/4-7 3/4           5.7 1/2-6.15 1/2 
US 2 Sorghum                                               
     Rail     8.95-9.04              dn 5 1/2                 9.19 1/4-9.37         
     Barge    8.41 1/2-8.77 1/4      dn 41-23 1/4             9.81 3/4-10.35 1/4
US 2 Yellow Soybeans    
    Barge     13.39-13.65            up 2-8                  13.64 1/4-13.84 1/4 

SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Greg Harrison, Market Reporter (816)676-7000
         www.ams.usda.gov/LSMarketNews 
              
1546c    glh






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