SJ_GR851  
St. Joseph, MO    Fri Nov 20 2009    USDA-MO Dept of Ag Market News
    
WEEKLY NATIONAL GRAIN MARKET REVIEW

   Compared to last week, grain and soybean bids were mostly higher as grains  
opened the week higher as buying entered the market on Monday.  Outside markets 
were positive early in the week with crude oil higher and gold continuing to 
make new highs and with the dollar remaining weak. Harvest was mostly inactive 
this past week as wet weather moved into most of the Midwest slowing harvest.  
This fall’s wet harvest is expecting a lot of high moisture corn as many areas 
are seeing high moisture corn and high drying cost.  Weekly export sales for 
wheat were in line with trade expectations coming in at 362,400 tonnes which was 
in line with expectations.  Weekly export sales for corn were bearish as export 
sales remain well below expectations coming in at 352,900 tonnes.  Soybeans 
continue their rally despite late week outside market pressure as most markets 
were lower, soybeans were higher showing how much commercial support there is in 
soybeans.  Demand remains very strong for soybean exports and crush.  Weekly 
export sales came in well above expectations at 1,349,000 tonnes.  Wheat was 
mostly 26-45 cents higher.  Yellow Corn was mixed trading from unchanged to 5 
cents lower to 2-4 cents higher depending on the regions.  Sorghum was 7-27 
cents higher.  Soybeans were 53-69 cents higher.    

   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 
32-39 cents higher from 5.46-6.24 per bushel.  Kansas City US No 2 Soft Red 
Winter rail bid was 26-31 cents higher from 5.16-5.71 per bushel.  St. Louis 
truck US No 2 Soft Red Winter terminal bid was 45 cents higher at 4.01 per 
bushel.  Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 
percent protein rail, was 10-40 cents lower from 6.98 1/2-7.28 1/2 per bushel.  
Portland US Soft White wheat rail was 5 cents lower from 4.80-4.85 per bushel.
  
   CORN:  Kansas City US No 2 rail White Corn was 7-10 cents lower from 3.95-
4.03 per bushel.  Kansas City US No 2 truck Yellow Corn was 1 cent lower to 4 
cents higher at 3.70 per bushel.  Omaha US No 2 truck Yellow Corn was 
unchanged at 3.58-3.64 per bushel.  Chicago US No 2 Yellow Corn was 5 1/2 
cents lower to 4 1/2 cents higher from 3.45-3.90 per bushel.  Toledo US No 2 
rail Yellow corn was 1/2 cent lower to 2 1/2 cents higher at 3.61-3.65 per 
bushel. Minneapolis US No 2 Yellow Corn rail was 18 1/2 cents higher at 3.52 
per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis 20 
day was 9 1/2-14 1/2 cents lower from 2.54 1/2-2.59 1/2 per bushel.  US No 3 
or better rail malting Barley, 70 percent or better plump out of Minneapolis 
was 3.70 per bushel.  Portland US 2 Barley, unit trains and Barges-export was 
not available per cwt.
  
   SORGHUM:  US No 2 yellow truck, Kansas City was 7 cents higher at 5.77 per 
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the 
farmer, fob elevator) was 8 to 27 cents higher from 6.45-6.52 per cwt.

OILSEEDS:  Minneapolis Yellow truck soybeans, were 61 cents higher at 9.84 per 
bushel.  Illinois Processors US No 1 Yellow truck soybeans were 53-56 cents 
higher from 10.28-10.51 per bushel.  Kansas City US No 2 Yellow truck soybeans 
were 69 cents higher at 10.19 per bushel.  Central Illinois 48 percent Soybean 
meal, processor rail bid was 14.40-17.40 higher from 332.40-348.40 per ton.  
Central Illinois crude Soybean oil processor bid was 68 to 78 points higher at 
36.30-38.45 cents per pound.

SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO
         Greg Harrison, Market Reporter (816)238-0678
         www.ams.usda.gov/mnreports/SJ_GR851.txt
  
         For more Grain Market News:
         www.ams.usda.gov/lsg/mncs/ls_grain.htm
  
0816c    glh





.