National Grain Market St. Joseph, Mo. Wednesday, February 17, 1993 DAILY NATIONAL GRAIN SUMMARY GRAIN AND SOYBEAN PRICES STRENGTHENED, WEDNES DAY, DUE TO TIGHT DELIVERABLE WHEAT STOCK SITUATION, LARGER THAN EXPECTED INSPECTION FIG URES FOR CORN AND BEANS AND INCREASED CRUSH NUMBERS. WHEAT 3 TO 10 CENTS HIGHER. CORN STEADY TO 2 CENTS HIGHER. SORGHUM 1 TO 2 CENTS HIGHER. SOYBEANS 2 TO 6 CENTS HIGHER. STOCK TIGHTNESS FOR WHEAT DELIVERIES PUSHED WHEAT PRICES SHARPLY HIGHER AND DELIVERY DAY RAPIDLY APPROACHES. GOOD EXPORT OFFERS ON BOOKS DESPITE LACK OF OVERNIGHT SALES OR TENDERS. CORN PRICES SLIGHTLY FIRMER ON SPILLOVER STRENGTH FROM WHEAT AND BEANS AND LARGER THAN EXPECTED EXPORT INSPEC TION FIGURE YESTERDAY. REJEC TION OF UKRAINE’S CORN DONA TION LIMITED GAINS IN CORN PRICES. SOYBEAN PRICES ADVANCED AS CRUSH NUMBERS REPORTED HIGHER THAN ANTICI PATED BUT INVENTORIES CON TINUE TO FALL. PLANTS WILL PRE PARE FOR REPLACING BEANS IN TANKS. INDUSTRY WORRIED OVER CLINTON’S ECONOMIC PLAN AND WHAT AFFECTS IT WILL HAVE ON GRAIN TRADE. EXPORT NEWS: NONE REPORTED. DATE CHANGE YEAR AGO TRUCK BIDS: 02/17/92 02/16/92 02/19/92 WHEAT: KANSAS CITY 3.69-3.72 UP 3 4.37-4.38 MINNEAPOLIS TRUCK BID 3.87 1/2 UP 4 4.33 1/2-4.36 1/2 PORT LAND 4.07-4.12 UP 3-6 4.69-4.70 ST. *■* ;*r ♦ , W-L We could show you stacks of research data that demonstrate the benefits of planting W-L alfalfa seed, but the most important barometer of our success is the success of growers like you. Growers have depended on W-L Research as a provider of superior alfalfa seed for over thirty Forage Ahead with W-L! LOUIS 3.83-3.86 UP 10 3.73-3.77. CORN. U.S. NO. 2 YELLOW: KAN SAS CITY 2.15-2.18 NC-UP 1 2.64-2.67 MINNEAPOLIS 2.01 3/4 UP 3/4 2.43 1/2 SO. lOWA 2.17-2.19 UP 2-1 2.65-2.69 OMAHA 2.00-2.02 UP 2 2.39-2.48 SOYBEANS, NO. 1 YELLOW: KANSAS CITY 5.65-5.68 UP 3-4 5.78-5.80 MIN NEAPOLIS 5.521/4 UP 3 1/4 5.521/4 SO. lOWA 5.75-5.77 UP 6-3 5.80-5.85 C. ILL. PROCESSORS 5.75 1/4-5.79 1/4 UP 2 1/4 5.78 1/4-5.87 1/4. •TRUCK BIDS FOR KANSAS CITY, US NO. 1 HARD RED WINTER WHEAT, ORDINARY PROTEIN. MIN NEAPOLIS. US NO. 1 DARK NORTH ERN SPRING WHEAT. 14% PROTEIN. PORTLAND. NO. 1 SOFT WHITE WHEAT. ST. LOUIS, NO. 2 SOFT RED WINTER WHEAT. FUTURES CLOSE; KANSAS CITY (MAR) WHEAT 3.49 1/4 UP 3 1/4 4.24 1/2 MINNEAPOLIS (MAR) WHEAT 3.37 1/2 UP 4 4. 23 3/4 CHICAGO (MAR) WHEAT 3.68 3/4 UP 7 1/4 4.11 3/4 (MAR) CORN 2.12 1/2 UP 1/2 2.64 1/2 (MAR) SOYBEANS 5.73 1/4 UP 2 1/4 5.77 1/4. . EXPORT: BARGE OR RAIL. PORT OF NEW ORLEANS OR NORTH TEX AS GULF. NO. 1 HARD RED WINTER WHEAT ORDINARY PROTEIN 4.05 1/4-4.06 1/4 UP 3 1/4 4.70-4.71 NO. 2 SOFT RED WINTER WHEAT 4.05 3/4-4.09 UP 7 1/4-8 4.48-4.50 NO. 2 YEL LOW CORN 2.42 1/2-2.43 UP 2 1/2-2 2.89-2.91 NO. 2 YELLOW SORGHUM RAIL 4.29 NC BARGE 4.31 UP 2 5.31-5.35 NO. 2 YELLOW SOYBEANS 6.02-6.03 UP 2-2 1/2 6.08-6.09. Keister’s Hay Mlddlcburg, PA Feb. 1993 Report nipplled by auction 2 LOADS OP HAY, 80.00. EAR CORN: 1 LOAD AT 52.50. success