SJ_GR850  
St. Joseph, MO    Mon May 20, 2013    USDA-MO Dept Ag Market News

Daily National Grain Market Summary

   Soybeans and wheat closed higher with corn closing lower.  Corn saw active plantings with Monday afternoon’s crop progress report showing 63 percent completed compared to 28 percent last week.  Soybeans were higher as tight old crop supplies remain a source of support.  Wheat futures were higher on weather concerns with draught in the Southern Plains and rain in the northern states adding to planting delays.  Wheat closed 2-8 cents higher.  Corn traded mostly 1-3 cents lower.  Soybean futures closed higher with cash trading mixed on basis change.

   Grains inspected for export for week ending May 16, 2013:  Corn totaled 14.6 million bushels, up 1.9 million bushels; sorghum 083 thousand bushels, dn 803 thousand bushels; soybeans 3.3 million bushels, dn 100 thousand bushels and wheat 21.1 million bushels, dn 2.9 million bushels compared to a week ago.  Year to Date:  Corn totaled 516.2, dn 648.4 million; sorghum 55.2 million, up 13.4 million; soybeans 1259.2, up 122.8 million and wheat 966.1, dn 31.3 million.  Crop marketing years begin June 1 for wheat and September 1 for corn, sorghum, and soybeans. 
  
                              DATE         CHANGE                YEAR AGO
TRUCK BIDS:                 05/20/13      05/17/13               05/21/12

Wheat:   
   Kansas City (HRW ORD)       7.45        up 8                  6.77-6.80
   Minneapolis (DNS)           8.46 1/4    up 7 1/2              8.61 3/4
   Portland (SWW)           7.60-7.75 1/4  unch-up 2             7.05-7.15
   St. Louis (SRW)             7.10        up 2                     7.10
 
Corn, US No 2 Yellow: 
   Kansas City                 7.20        dn 1-3                   6.78   
   Minneapolis              6.71 1/2       dn 3 1/4                 6.36
   So. Iowa             6.97 1/2-7.04 1/2  dn 2 1/4-3 1/4        6.56-6.62
   Omaha                    7.15-7.20      up 2-dn 3             6.66-6.68 

Soybeans, US No 1 Yellow: 
   Kansas City             15.30-15.35     dn 9-4                  14.20
   Minneapolis                15.01 1/2    up 13                13.90 1/2
   So. Iowa            14.99 1/2-15.42     dn 19-up 5 1/2   14.07 1/2-14.11    
   Cent. Il Processor  15.69 1/2-15.74 1/2 up 21-1          14.19 1/2-14.27 1/2
  
FUTURES: 
   Kansas City (Jul) Wheat     7.45        up 7 3/4              7.15
   Minneapolis (Jul) Wheat     8.11 1/4    up 7 1/2              7.96 3/4 
   Chicago     (Jul) Wheat     6.85 1/4    up 2                  7.04 
   Chicago     (Jul) Corn      6.49 1/2    dn 3 1/4              6.33
   Chicago     (Jul) Soybeans 14.64 1/2    up 16                14.12 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     8.55-8.60              up 7 3/4                       7.85   
US 2 Soft Red Winter Wheat:                                   
     Barge    7.35 1/4-7.40 1/4      up 2                        7.48-7.54 
Yellow Corn:                                                                
     Barge    7.50 1/2-7.54 1/2      up 5 3/4-dn 3 1/4           7.15-7.24
US 2 Sorghum                                              
     Rail     11.59 3/4-12.40 1/4    dn 5 3/4                       n/a
     Barge    12.40 1/4-12.67        dn 5 3/4                       n/a
US 2 Yellow Soybeans
     Barge    15.84 1/2-15.94 1/2    up 1-dn 14             14.63 1/2-14.73 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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