Daily National Grain Market Summary
12/04/2007 03:35PM
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St. Joseph, MO Tue Dec 04, 2007 USDA-MO Dept Ag Market News
Daily National Grain Market Summary
Grain bids were all moderately too sharply higher on todays trading.
Wheat moved higher as a downward revision for the Argentine wheat crop after
frost damage concerns, also World demand has improved significantly. Corn
moved to its highest level since June on very good export news as strong
export sales and export inspections are in very good demand for corn.
Soybeans followed corn and wheat higher as good export demand and good
fundamental news were all positive factors for soybeans. Wheat closed mostly
16-20 cents higher. Corn trade mostly 6-12 cents higher. Soybeans closed 10-
13 cents higher.
DATE CHANGE YEAR AGO
TRUCK BIDS: 12/04/07 12/03/07 12/05/06
Wheat:
Kansas City (HRW ORD) 8.85 up 16 4.99
Minneapolis (DNS) 9.66 1/4 up 17 1/4 5.22 3/4
Portland (SWW) 11.40-11.50 up 50-40 4.92-4.98
St. Louis (SRW) 8.52 up 17 5.01
Corn, US No 2 Yellow:
Kansas City 3.88 up 12 3.54-3.55
Minneapolis 3.61 1/4 up 7 3/4 3.28
So. Iowa 3.79 1/4-3.83 3/4 up 5 3/4-7 3/4 3.49-3.57
Omaha 3.84-3.87 up 7-9 3.38-3.42
Soybeans, US No 1 Yellow:
Kansas City 10.28 up 13 6.41
Minneapolis No Bid n/a n/b
So. Iowa 10.54 1/2-10.63 1/2 up 4 3/4-10 3/4 6.42-6.53
Cent. Il Processor 10.61 1/2-10.71 1/2 up 12 3/4 6.54 1/4-6.64 1/4
FUTURES:
Kansas City (Dec) Wheat 9.13 up 14
(Mar) Wheat 9.14 1/2 up 16 5.34 1/4
Minneapolis (Dec) Wheat 9.78 up 18
(Mar) Wheat 9.51 1/4 up 17 1/4 5.22 3/4
Chicago (Dec) Wheat 8.75 up 20
(Mar) Wheat 8.94 up 17 1/4 5.17 1/4
Chicago (Dec) Corn 3.94 up 8
(Mar) Corn 4.11 1/4 up 7 3/4 3.78
Chicago (Jan) Soybeans 10.91 1/2 up 12 3/4 6.64 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 9.54 1/2-9.64 1/2 up 16 5.69 1/4-5.84 1/4
US 2 Soft Red Winter Wheat:
Barge 9.19-9.39 up 39 5.42 1/4-5.44 1/4
2 Yellow Corn:
Barge 4.41 1/4-4.48 1/4 up 23 1/4-24 1/4 4.19-4.21
US 2 Sorghum
Rail 7.75-8.15 n/a 7.70-7.82
Barge 8.14 3/4-8.32 1/2 up 45-57 1/2 7.71-7.79
US 2 Yellow Soybeans
Barge 11.26 1/2-11.31 1/2 up 7 3/4 7.22 1/4-7.26 1/4
SOURCE: USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
Greg Harrison, Market Reporter (816)238-0678
www.ams.usda.gov/LSMarketNews
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