USDA Grain Market Summary for Feb 4

ST. JOSEPH - Feb 4/16 - SNS -- The USDA this afternoon released its latest daily summary of grain market conditions in that country.

Daily National Grain Market Summary
   Grains all closed lower on Thursday as good growing conditions and chance of
rain in South America continue to keep some pressure on the e grains.  Wheat
closed 6-8 3/4 cents lower.  Corn traded 2-4 1/2 cents lower.  Soybeans closed
mostly 2 1/4 cents lower.
                               DATE          CHANGE                YEAR AGO
TRUCK BIDS:                  02/04/16       02/03/16               02/05/15
Wheat:
   Kansas City (HRW ORD)        4.41 3/4    dn 8 3/4                  5.64
   Minneapolis                  5.09 1/2    dn 6                      5.94
   Portland (SWW)            5.32-5.37 3/4  up 9-dn 7 1/4             n/a
   St. Louis (SRW)           4.79-4.82      dn 6                   5.25-5.37
Corn, US No 2 Yellow:
   Kansas City           3.68 1/2-3.73 1/2  dn 2 1/2          3.75 1/2-3.77 1/2
   Minneapolis                  N/B         n/a                   3.58 1/2
   So. Iowa                  3.54-3.61 1/2  dn 4 1/2-2 1/2    3.75 1/2-3.77 1/2
   Omaha                     3.57-3.61      dn 2                  3.73-3.75
Soybeans, US No 1 Yellow:
   Kansas City           8.74 1/2-8.79 1/2  dn 2 1/4                 9.86 1/4
   Minneapolis                N/B           n/a                      9.26 1/4
   So. Iowa                  8.63-8.64 1/2  dn 2 3/4-2 1/4    9.61 1/4-9.74 1/4
Cent. Il Processor       8.81 1/2-8.89 1/2  dn 2 1/4          9.87 1/4-9.98 1/4
FUTURES:
   Kansas City (Mar) Wheat     4.59 3/4     dn 8 3/4              5.64
   Minneapolis (Mar) Wheat     4.94 1/2     dn 6                  5.79
   Chicago     (Mar) Wheat     4.72 3/4     dn 7 1/4              5.15 3/4
   Chicago     (Mar) Corn      3.68 1/2     dn 2 1/2              3.85 1/4
   Chicago     (Mar) Soybeans  8.74 1/2     dn 2 1/4              9.81 1/4
*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:
            5.14 3/4-5.19 3/4        dn 8 3/4                     6.54-6.69
US 2 Soft Red Winter Wheat
            5.27 3/4-5.30 3/4        dn 7 1/4                 5.95 3/4-6.05 3/4
US 2 Corn
     Barge  4.12 1/2-4.15 1/2        dn 4 1/2-2 1/2           4.43 1/4-4.44 1/4
US 2 Sorghum
     Rail   7.56 1/4-7.65 1/4        dn 4 1/2                     9.38-10.45
     Barge  N/A                      n/a                     10.71 3/4-10.89 1/2
US 2 Yellow Soybeans
    Barge   9.32 1/2-9.37 1/2        up 3/4-dn 2 1/4         10.58 1/4-10.64 1/4
SOURCE:  USDA- MO Dept OF Ag Market News Service, St. Joseph, MO

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