St. Joseph, MO - Tue May 06, 2008 - USDA-MO Dept Ag Market News
Daily National Grain Market Summary
Wheat closed higher on support from corn and speculator buying. Corn opened
sharply higher but closed off its highs as wet weather and strong outside market
influence from crude oil and gold all closed higher. The planting progress
report was in-line with expectations at 27 percent, with the 5 year average at
59 percent. Soybeans opened higher but closed lower as new crop gained on old
crop. Wheat closed mostly 8-12 cents higher. Corn closed 12-16 cents higher.
Soybeans traded 6-9 cents lower.
DATE CHANGE YEAR AGO
TRUCK BIDS: 05/06/08 05/05/08 05/07/07
Wheat:
Kansas City (HRW ORD) 8.19 up 8 4.83
Minneapolis (DNS) 11.25 up 30 5.37 1/2
Portland (SWW) n/a n/a 5.92-6.00
St. Louis (SRW) 6.48 up 12 4.71
Corn, US No 2 Yellow:
Kansas City 5.71-5.74 up 12 3.57-3.59
Minneapolis 5.44 1/4 up 12 1/4 3.52
So. Iowa 5.54 1/4-5.57 1/4 up 16 1/4-11 1/4 3.63-3.66
Omaha 5.62-5.72 up 12 3.54-3.56
Soybeans, US No 1 Yellow:
Kansas City 12.47 dn 9 7.01
Minneapolis 11.95 dn 9 6.75 1/2
So. Iowa 12.02-12.11 dn 7-9 6.87 1/2-6.94
Cent. Il Processor 12.60-12.72 dn 6-9 7.04 1/2-7.12 1/2
FUTURES:
Kansas City (Jul) Wheat 8.64 up 8 4.85 1/2
Minneapolis (Jul) Wheat 9.75 up 30 5.22 1/2
Chicago (Jul) Wheat 8.18 up 12 1/2 4.94
Chicago (Jul) Corn 6.06 1/4 up 12 1/4 3.79
Chicago (Jul) Soybeans 12.77 dn 9 7.42 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 9.24 up 8 5.30 1/2-5.40 1/2
US 2 Soft Red Winter Wheat:
Barge 7.33-7.38 up 12 1/2 4.94-4.99
2 Yellow Corn:
Barge 6.27 1/4-6.28 1/4 up 11 1/4 4.02-4.05
US 2 Sorghum
Rail 10.60-11.00 up 19-21 6.87-6.95
Barge 11.00 1/2 up 22 N/A
US 2 Yellow Soybeans
Barge 12.87-12.94 dn 9 7.32 1/2-7.38 1/2
SOURCE: USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
Greg Harrison, Market Reporter (816)238-0678
www.ams.usda.gov/LSMarketNews
1521 glh
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