St. Joseph, MO - Wed May 07, 2008 - USDA-MO Dept Ag Market News
Daily National Grain Market Summary
Row crops closed higher with soybeans sharply higher and wheat closing lower.
Wheat was lower despite higher corn and soybean trade. Rains through the hard
red winter wheat areas that had been dry, helped pressure the market along with
a stronger dollar. Corn was higher on wet weather forecast that will keep the
planting pace slow through next week. Soybeans were sharply higher on news from
Argentina that the farmers strike might resume. Wheat closed 6-10 cents lower.
Corn traded 3-7 cents higher. Soybeans closed 23-32 cents higher.
DATE CHANGE YEAR AGO
TRUCK BIDS: 05/07/08 05/06/08 05/09/07
Wheat:
Kansas City (HRW ORD) 8.13 dn 6 4.75
Minneapolis (DNS) 11.21 1/4 dn 3 3/4 5.28
Portland (SWW) n/a n/a 5.95-6.00
St. Louis (SRW) 6.38 dn 10 4.62
Corn, US No 2 Yellow:
Kansas City 5.78-5.81 up 7 3.44-3.46
Minneapolis 5.46 up 1 3/4 3.39 1/4
So. Iowa 5.58-5.63 up 3 3/4-5 3/4 3.50 1/4-3.53 1/4
Omaha 5.69-5.79 up 7 3.41-3.43
Soybeans, US No 1 Yellow:
Kansas City 12.79 up 32 7.06
Minneapolis 12.18 up 23 6.87 1/2
So. Iowa 12.34-12.43 up 32 7.01-707 1/2
Cent. Il Processor 12.86-12.99 up 26-27 7.14 1/2-7.17 1/2
FUTURES:
Kansas City (Jul) Wheat 8.57 3/4 dn 6 1/4 4.77 1/2
Minneapolis (Jul) Wheat 9.71 1/4 dn 3 3/4 5.13
Chicago (Jul) Wheat 8.07 1/2 dn 10 1/2 4.82
Chicago (Jul) Corn 6.13 up 6 3/4 3.66 1/4
Chicago (Jul) Soybeans 13.09 up 32 7.47 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 9.17 3/4 dn 6 1/4 5.22 1/2-5.32 1/2
US 2 Soft Red Winter Wheat:
Barge 7.22 1/2-7.27 1/2 dn 10 1/2 4.87-4.90
2 Yellow Corn:
Barge 6.34-6.35 up 6 3/4 3.89 1/4-3.92 1/4
US 2 Sorghum
Rail 10.72-11.13 up 12-13 6.45-6.72
Barge 11.12 1/2 up 12 6.89 3/4
US 2 Yellow Soybeans
Barge 13.19-13.22 up 32-28 7.46 1/2-7.49 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
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