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The Kuhn Family Mt. View Farm

St. Joseph, MO    Fri May 28, 2004    USDA-MO Dept of Ag Market News

   Grain and soybean bids had a bad day on Thursday, especially soybeans.  Funds
and board traders seemed to want to establish a position and take off for a long
Holiday weekend. 
   Wheat bids made fairly good upturns early in the week but most of these
erased in late week trade.  Fair export announcements this week.  Trade members
watching harvest progress, yields, and elevator price pressure.  Hard red winter
wheat harvest moving through Oklahoma but rains delayed and in some cases
damaged soft red winter wheat.  Wet fields delayed planting of spring wheat. 
   Rains make corn.  However, some areas received too much of a good thing. 
Isolated cases of flooding reported near some small rivers and ponding damage in
many bottom fields.  It is getting a little late to replant and finish planting
corn.  Nice volume export announcements for corn this week.
   Soybean bids took a nose dive on Thursday.  Soybean meal and oil followed
their leader.  Only small volume export announcements on the books.  Few flooded
and ponded corn acreages may now go to soybeans.  Rains delayed soybean seeding
but crunch time not here yet for beans.  Soybean bids at some centers 1.80 lower
in the past three weeks but started at a very high level.  The most decline on
nearby bids which started out at a very high level.  
   For the week; wheat mostly 1 cents higher to 4 cents lower.  Corn 7 to 8
cents higher with Minneapolis up 11 1/2 and Kansas City White Corn up 7 to 12. 
Sorghum 1 to 12 cents higher.  Soybeans 51 to 66 cents lower. 

PURCHASER                                  COMMODITY            TONNAGE        DELIVERY DATE

CCC to Sierra Leone  11.5 pct     Hard Red Winter               3,000                    Jun 25-Jul 8

Unknown to Mexico                              Corn                         115,000            04/05 Mkting Year
Unknown                                                 Corn                         120,000            03/04 Mkting Year

Unknown to Mexico                          Soybean Oil                 26,127             04/05 Mkting Year

CCC to Pakistan                            Yellow Soybeans             11,000                     Jun 4-14

Japan from U.S.                     11.7 pct Hard Red Winter        37,000                          July
                                                 13.0 pct Hard Red Winter        10,000
                                                 14.0 pct Dark Northern Spring14,000
                                                 10.5 pct Western White           20,000
   from Canada                   1 Canadian Western Red Spring 25,000                         July
   from Australia                             Standard White                 20,000                         July
Unknown                                                 Corn                           55,000            03/04 Mkting Year
                                                                   Corn                          110,000          04/05 Mkting Year

Wheat 129,000 tons.  Corn 400,000 tons.  Soybeans 11,000 tons.  Soybean Oil 26,127 tons.


   WHEAT:  Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 1
1/4 cents lower from 4.02 1/4-4.32 1/4 per bushel.  Kansas City US No 2 Soft Red
Winter rail bid was 3/4 cents higher to 1 1/4 lower from 3.96 1/4-4.16 1/4 per
bushel.  St. Louis truck US No 2 Soft Red Winter terminal bid was 1 cents higher
to 19 cents lower at 3.68 per bushel.  Minneapolis and Duluth US No 1 Dark
Northern Spring, 14.0 to 14.5 percent protein rail, was 1 3/4 to 3 3/4 lower
from 4.52 3/4-4.67 3/4 cents per bushel.  Portland US Soft White Wheat rail was
steady to 3 cents lower at 4.18 per bushel.
   CORN:  Kansas City US No 2 rail White Corn was 7 to 12 cents higher from
2.86-2.90 cents per bushel.  US No 2 truck Yellow Corn was 7 cents higher at
2.84 per bushel.  Omaha US No 2 truck Yellow Corn 8 cents higher at 2.82 per
bushel.  Chicago US No 2 Yellow Corn was 2.50-7.50 higher from 2.93 3/4-2.98 3/4
per bushel.  Toledo US No 2 rail Yellow corn was 7.50 higher from 2.91 3/4-2.94
3/4 per bushel.  Minneapolis US No 2 Yellow Corn rail, was 11 1/2 cents higher
at 2.90 3/4 per bushel.

   OATS AND BARLEY:  US 2 or Better oats, rail bid to arrive at Minneapolis was
1 1/4 to 5 1/4 cents higher at 1.60 1/2-1.64 1/2 per bushel.  US No 3 or better
truck Malting Barley, 70 percent or better plump out of Minneapolis was steady
at 2.70.  Portland US 2 Barley, unit trains and Barges-export was not available.
   SORGHUM:  US No 2 yellow truck, Kansas City was 12 cents higher at 4.87 per
cwt.  Texas High Plains US No 2 yellow sorghum (prices paid or bid to the
farmer, fob elevator) was 1 to 6 cents higher from 4.67-4.80 per cwt.

   OILSEEDS:  Minneapolis Yellow truck soybeans were .53 lower at 8.26. 
Illinois Processors US No 1 Yellow truck Soybeans were .51 to .56 lower from
8.33-8.45 per bushel.  Kansas City US No 2 Yellow truck soybeans were .61- to
.66 lower at 8.40-8.45 per bushel.  Decatur 48 percent soybean meal, processor
rail bid was 25.00 lower from 253.50-262.50 per ton.  Decatur crude Soybean oil
processor bid was 107 points lower from 29.33-29.58 cents per pound.  Sunflower
Crude Oil was 38-138 points lower from 32.58-33.58 cents per pound.
SOURCE:  USDA-MO Dept of Ag Market News Service, St Joseph, MO
         Ray Faulk, Market Reporter (816)238-0678
         For more Grain Market News: