SJ_GR850   
St. Joseph, MO   Fri Sep 03, 2010    USDA-MO Dept Ag Market News

Daily National Grain Market Summary   

   Grain and soybean bids traded moderate to sharply higher going into the Labor 
Day weekend.  Wheat was fueled by yesterday’s announcement on Russia’s decision 
to extend their wheat export ban, overnight exports, and a lower dollar.  Corn 
and soybean bids saw spillover support from wheat along with the lower dollar.  
Reports of lower than expected yields also supported soybeans.  Wheat was mostly 
25-28 cents higher.  Corn was 12-17 cents higher.  Sorghum was mostly 30-32 
cents higher.  Soybeans were mostly 21-26 cents higher.

                               DATE          CHANGE               YEAR AGO
TRUCK BIDS:                  09/03/10       09/02/10              09/04/09

Wheat:                                                          
   Kansas City (HRW ORD)     6.63-6.64      up 26                 4.40
   Minneapolis (DNS)         7.43 1/4       up 28 1/4             4.98 1/2
   Portland (SWW)            6.50-6.75      up 5-15               4.65-4.80 
   St. Louis (SRW)              6.88        up 27                 2.66
 
Corn, US No 2 Yellow:        
   Kansas City               4.16-4.21      up 15-17                 2.91
   Minneapolis               3.93 1/2       up 17                 2.67 1/4
   So. Iowa              4.01 1/2-4.18      up 17-14          2.95 1/4-3.02 3/4
   Omaha                     4.09-4.12      up 17-12              2.99-3.06

Soybeans, US No 1 Yellow:                   
   Kansas City                 10.70        up 21                   10.22
   Minneapolis                  9.66        up 26                    9.05
   So. Iowa                  9.96-10.15     up 26-25              9.25-9.40 
   Cent. Il Processor       10.53-10.70     up 29-36             10.22-10.82 

FUTURES:                                                                
   Kansas City (Dec) Wheat     7.57 3/4     up 25 1/2             4.90
   Minneapolis (Dec) Wheat     7.58 1/4     up 23 1/4             4.98 1/2
   Chicago     (Dec) Wheat     7.41 1/4     up 27 1/2             4.71 3/4
   Chicago     (Dec) Corn      4.64 1/2     up 17                 3.06 1/4
   Chicago     (Nov) Soybeans 10.35         up 26                 9.22
   
*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    7.03 1/2-7.67 3/4       up 25 1/2                    5.30-5.40
US 2 Soft Red Winter Wheat:                                    
     Barge   7.81 1/4-7.91 1/4       up 27 1/2                4.26 3/4-4.37 3/4
2 Yellow Corn:                                                                
     Barge   4.91 1/2-5.04 1/2       up 17                    3.59 1/4-3.65 1/4  
US 2 Sorghum                
     Rail    8.03-8.12               up 31-32                     6.00-6.18
     Barge   9.54 1/2-9.72 1/4       up 12 1/2-30 1/4             6.54-6.59 1/4
US 2 Yellow Soybeans                
     Barge   10.95-11.05             up 26                       10.12-10.42
  
SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO
         Baldemar Ortiz, Market Reporter (816)238-0678
         www.ams.usda.gov/LSMarketNews 
              
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