National
Grain Market
SI. Joseph, Mo.
Wednesday, March 10, 1993
daily national grain
SUMMARY TRADERS AWAIT
TODAY’S USDA SUPPLY/DEMAND
REPORT. WHEAT PRICES con
tinued TO DECLINE. WEDNESDAY,
ON PROSPECTS FOR LARGE WINTER
WHEAT CROP, INCREASED CAR
RYOVER ESTIMATE, AND LACK OF
RUSSIAN AND CHINA EXPORT BUSI
NESS; CORN PRICES SLIGHTLY
HIGHER DUE TO LIGHT FARMER
SELLING AND SPILLOVER
STRENGHT FROM SOYBEAN PRICES;
EXTENDED GAINS MADE IN BEAN
PRICES AS TRADERS ANTICIPATE
SMALLER THAN EXPECTED 1993
PLANTED ACREAGE ESTIMATE AND
IMPROVED EXPORT DEMAND.
WHEAT 2 TO 6 CENTS LOWER. CORN
1 CENT HIGHER. SORGHUM 3 TO 5
CENTS HIGHER. SOYBEANS 2 TO 8
CENTS HIGHER. WHEAT PRICES
SLIPPED LOWER AS SLOW DOWN IN
The 1992 Penn State Commercial Hybrid
Evaluations Are In And DEKALB’S
NEW Hybrids Are Ahead
Of The Pack.
Zone 1 Short Season*:
X&& DEKALB Bust
Advantage
NEW DKSI2
NEW DK522
0K524
Average
Pioneer 3751
Funks G 4106
G 4231
G 4292
Average
Doeblers 48XE
49XP
Average
Zone 2 Late-Medium Season*
Two Year Performance
Yield ******
Advantage
DEKALB 8K646
Doeblers 66XP
73XP
69XP
75X '
4530 .
4543
Punks
Pioneer 3527
3394
3295
3293
3241
* For Complete Information Contact Penn State Agronomy Dept.
CHINA AND RUSSIAN EXPORT BUSI
NESS EXPECTED TO INCREASE
WHEAT CARRYOVER ESTIMATES.
LARGE WINTER WHEAT CROP PROS
PECTS VERY GOOD DUE TO NEAR
IDEAL GROWING CONDITIONS
ACROSS MOST OF THE U.S.. 1993
SPRING WHEAT ACREAGE IS BEING
FORECAST BY PRIVATE ANALYSTS
AT 19.9 MILLION, UP FROM 18.689
MILLION LAST YEAR. CORN PRICES
MOVED HIGHER ON GOOD NEARBY
DEMAND. LIGHT FARM SELLING
AND SPILLOVER STRENGHT FROM
BEAN PITS. TRADERS AWAIT
TODAY’S USDA SUPPLY/DEMAND
REPORT AND IDEAS 1993 PLANTED
SOYBEAN ACREAGE WILL BE
SMALLER THAN EXPECTED, ADDED
STRENGTH TO BEAN PRICES. LIGHT
EXPORT DEMAND ALSO A FACTOR
IN HIGHER PRICES.
EXPORT NEWS: JAPAN BOUGHT
192,700 TONNES WHEAT FOR MAY
SHIPMENT; 42,056 FROM CANADA.
114,597 FROM U.S., AND 36,047 FROM
AUSTRALIA ALONG WITH 58,356
TONNES BARLEY. SOUTH KOREA
BOUGHT 50,000 TONNES OPTIONAL
Good News
Travels Fast
161.5
165.1
mo
161.9
134.7
135.4
114.9
116.7
122.3
132.4
128.1
142.4
128.8
138.0
123.1
125.8
130.9
130.7
124.0
130.0
132.7
135.1
134.0
ORIGIN FEED WHEAT FOR APRIL/
MAY SHIPMENT. THE FORMER
SOVIET REPUBLIC OF BELARUS IS
TO RECEIVE FREE OF CHARGE,
200,000 TONNES U.S. FODDER MAIZE
AND 23.000 TONNES SOYA FLOUR.
EARLIER, THE U.S. GRANTED
BELARUS 50,000 TONNES FORAGE
GRAIN AS HUMANITARIAN AID.
TAIWAN BOUGHT 54,000 TONNES
U.S. NO. 2 YELLOW SOYBEANS FOR
APRIL/MAY.
DATE CHANGE YEAR AGO TRUCK
BIDS: 03/10/93 03/09/93 03/11/92
WHEAT: KANSAS CITY 3.55-3.57 DN 3
4.20-4.22 MINNEAPOLIS TRUCK BID
3.791/4 DN 2 4.21 PORTLAND 3.83-3.85
DN 2 4.50-4.54 ST. LOUIS 3.79-3.82 DN
6 3.84-3.87.
CORN, U.S. NO. 2 YELLOW: KAN
SAS CITY 2.19-2.21 UP 12.70-2,72 MIN
NEAPOLIS 2.081/4 UP 1 1/22.67 1/2 SO.
lOWA 2.22-2.25 DN 1-UP 1 2.72-2.76
OMAHA 2.11-2.12 UP 1 2.48-2.55.
SOYBEANS. NO. 1 YELLOW; KAN
SAS CITY 5.76-5.78 UP6 5.91-5.94 MIN
NEAPOLIS 5.61 1/4 UP 6 5.86 1/2 SO.
lOWA 5.78-5.85 UP 2-8 5.90-5.95 C. ILL.
PROCESSORS 5.82 1/4-5.89 1/4 UP 6
Yield m
DEKALB 8K743 24.6
Pioneer 3154
Hytest HTX774B
27.2
Northrop King N 8727
Pioneer 3192
Prairie Stream 5X556
NC4 7507
Doeblers 87XP
39.6
31.6
Pioneer 32-il
Asg»'o\v KXB99
Hardy H 86345
Pioneer 3140
Hardy H 86334
Pioneer 3245
Doebiers 82XP
NC252 X PAB79
Pioneer 3293
Doebiers 86XA-2
Prairie Stream 5K2023
Muncy Chief KA7790
Doebiers 944-3
Prairie Stream SX7O4
Wetsel SI 20
Eastland EBB 6
Muncy Chief XA777 16.3
SILAGE ENTRIES
Silage Performance Of
Late Season Hybrids
5.92 1/2-6.02 1/2.
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
(MAY) WHEAT 3.18 DN 3 1/4 3.99 1/2
MINNEAPOLIS (MAY) WHEAT 3.24
1/4 DN 2 4.
05 CHICAGO (MAY) WHEAT 3.27 DN 4
1/2 3.94 (MAY) CORN 2.22 1/4 UP 1 1/2
2.75 1/2 (MAY) SOYBEANS 5.83 1/4 UP
6 5.98 1/2.
EXPORT; BARGE OR RAIL, PORT
OF NEW ORLEANS OR NORTH TEX
AS GULF. NO. 1 HARD RED WINTER
WHEAT ORDINARY PROTEIN
3.93-3.94 DN 3 1/4 4.58-4.60 NO. 2 SOFT
RED WINTER WHEAT 4.01-4.02 DN 5
1/2-6 4.40-4.47 NO. 2 YELLOW CORN
2.47-2.47 1/4 UP 2 3.01-3.02 NO. 2 YEL
LOW SORGHUM RAIL 4.29 UP 3
BARGE 4.29 UP 3 5.51-5.56 NO. 2 YEL-
Brv Matter T/A
24.3
24.2
23.0
23.2
22.8
22.7
22.3
22,4
22.2
22.1
20.2
19.9
19.3
18.7
Uhoww Hamt, Mitt ** *****
LOW SOYBEANS 6.08-6.10 UP 6 1/2-8
6.22 BIRD.
TfflS REPORT A SERVICE OF U.S.
DEPARTMENT OF AGRICULTURE,
LIVESTOCK AND GRAIN MARKET
NEWS. ST. JOSEPH, MISSOURI. 2:50
PM.
Prices were higher. Trade sentiment was
mostly fitm. Demand was mixed across the
full range, mostly moderate. Supplies were
short to intentionally fully adequate, most
ly adequate, and extra eggs were confident
ly held. The New Jersey inventory was
29% above last Monday's level, and the
New York inventory 14% below last week.
PRICES TO RETAILERS, SALES TO
VOLUME BUYERS, USDA GRADE A
AND GRADE A, WHITE EGGS IN CAR
TONS, DELIVERED STORE DOOR,
CENTS PER DOZEN RANGE EXTRA
LARGE .81-.83, LARGE .78-.81,
MEDIUM .72-.75
Leinbach’s Hay
Shlppensburg, PA
March 6 and 9
Report Supplied by Auction
93 LOADS.
ALFALFA: GOOD 97.00-125.00. FAIR
47.00-90.00.
MIXED HAY: 60.00-137.00.
TIMOTHY; 77.00-130.00.
BROMB GRASS: 66.00-115.00.
ORCHARD GRASS: 62.00-87.00
STRAW: 50.00-77.00.
EAR CORN: 70.00.
MULCH HAY. 30.00-50.00.
FIREWOOD; 35.00-57.00 PICK-UP
LOAD.
Dewart Hay
Dewart, PA.
Monday, March 8, 1993
Report Supplied by Auction
28 LOADS OF HAY, 47.00-113.00.
LOADS.
WOOD: 10 LOADS, 300 ?' 1 ?] 00-
rnRN- 4 LOADS, 50.00-79.00.
OATS: 2 LOADS, I.BOAND 1.83 BU
3000
3200
3500
3700
3300
Cali Toll Free 1-800-673-2580
SOLO AND SERVICED BY
■— J Northeast Agn
h Systems, Inc.
■R FLYWAY BUSINESS PARK
jJJU 139 A West Airport Rd. (ffl®
uy Lititz, PA 17543 Kga S
■P (717) 569-2702
lafttM Ibvlm4
New York
Egg Market
Tuesday, March 9, 1993
Mtdt in USA
250
400
000
000
1300
25 WATTS
40 WATTS
M WATTS
75 WATTS