Ntional Grain Market ST. JOSEPH, MO. MARCH 24, 1993 DAILY NATIONAL GRAIN SUMMARY WHEAT AND CORN PRICES HIGHER, WEDNESDAY, ON VERY GOOD EXPORT DEMAND AND CCC LINEUP FOR DONATIONS; SOYBEAN PRICES SLIGHTLY LOWER DUE TO PROFIT TAKING AND ACTIVE FARMER SELLING. WHEAT 2 TO 9 CENTS HIGHER. CORN UNCHANGED TO 1 CENT HIGHER. SORGHUM 2 TO 6 CENTS HIGHER. SOYBEANS UNCHANGED TO 2 CENTS LOWER. WHEAT PRICES WERE BOOSTED BY GOOD EXPORT SALES AND USDA’S TARGETING OF TURKEY FOR 200,000 TONNES SUBSIDIZED U.S. WHEAT. OPTIMISM FOR INCREASED MOVE MENT OF U.S. GRAIN TO RUSSIA CONTINUES DESPITE POLITICAL PROBLEMS. SLIGHT GAINS WERE MADE IN CORN PRICES ON CCC TEN DERS LINEUP FOR DONATIONS AND TUESDAY’S ANNOUNCEMENT THAT ETHANOL SOULD BE EXEMPT PROM THE CLINTON ADMINISTRATION’S PROPOSED ENERGY TAX. LACK OF NEW EXPORT SALES AND REPORTED FARMER SELLING LIM ITED PRICE ADVANCES. WEAKNESS WAS NOTED IN SOYBEAN PRICES AS PROFIT TAKING ON THE BOARD AND ACTIVE COUNTRY SELLING PRESSURED PRICES. IMPROVED EXPORT SALES OF BEAN BY PRODUCTS CURBED DECLINES IN SOYBEAN PRICES. EXPORT NEWS- MOROCCO BOUGHT 760,000 TONNES OPTIONAL-ORIGIN WHEAT FOR JULY/NOV SHIPMENT. ZAIRE BOUGHT 8,000 TONNES U.S. HARD RED WINTER WHEAT. UNDER TRIPPER II EEP, FOR APRIL/MAY SHIPMENT. SUB-SAHARAN AFRICAN NATIONS BOUGHT 74,625 TONNES HARD RED WINTER WHEAT UNDER EEP FOR APRIL/MAY SHIPMENT. YEMEN BOUGHT 20,600 TONNES WHEA FLOUR UNDER EEP FOR AUG/SEP SHIPMENT. EL SALVADOR BOUGHT 80,000 TONNES WHEAT. NO. 2 OR BETTER. EXCEPT FOR DURUM WHEAT, U.S. NO. 3 OR BETTER GRADE UNDER FISCAL 1993, PL4BO PROGRAM FOR MAR/NOV. EL SAL VADOR BOUGHT 28,700 TONNES SOYMEAL AND 36,000 TONNES OF TALLOW UNDER FISCAL 1993, PL4BO PROGRAM FOR MAR/NOV. GUATEMALA BOUGHT 2,350 TON NES SUNOIL UNDER THE SUN FLOWERSEED OIL ASSISTANCE PROGRAM FOR MAR/OCT SHIP MENT. VENEZUELA BOUGHT 4,500 TONNES SUNOIL UNDER SUNFLOW ER OIL ASSISTANCE PROGRAM FOR JUNE/JULY SHIPMENT. DATE CHANGE YEAR AGO TRUCK BIDS: 03/24/93 03/23/93 03/25/92 WHEAT: KANSAS CITY 3.75-3.77 UP 4 4.33-4.35 MINNEAPOLIS TRUCK BID 3,90 3/4 UP 5 4.36 3/4 PORTLAND 3.87-3.88 UP 4-2 4.56-4.58 ST. LOUIS 4.14-4.17 UP 9-7 3.74-3.79 CORN, U.S. NO. 2 YELLOW; KAN SAS CITY 2.28-2.29 UP 1 2.66-2.68 MIN NEAPOLIS 2.18 3/4 DN 3/4 2.63 1/4 SO. lOWA 2.27-2.30 NC 2.69-2.71 OMAHA 2.15-2.17 UP 1 2.52-2.54 SOYBEANS, NO. 1 YELLOW: KAN SAS CITY 5.84-5.87 NC 5.88-5.92 MIN NEAPOLIS 5.76 1/4 DN 2 1/4 5.83 1/2 SO. lOWA 5.84-5.88 NC-DN 1 5.89-5.91 C. ILL. PROCESSORS 5.90 1/4-5.99 1/4 UP 3/4 5.87 1/2-5.95 1/2 ♦TRUCK BIDS FOR KANSAS CITY, US NO. 1 HARD RED WINTER WHEAT. ORDINARY PROTEIN. MIN NEAPOLIS. US NO. 1 DARK NORTH The word farmers love to spread “There is no better way to start an alfalfa field The cows not only Hked it, they inhaled it Tm pleased with the way my cows milked on it” Walter Clutter, Jr., Shippenville, PA Good words about TRIPPER II are cropping up all over. The high-quality forage blend that can double first cutting yields. It’s an excellent companion crop for your preferred Agway alfalfa variety. Even in late summer you’ll be getting greener, leafier alfalfa—for even higher milk production. There’s only one TRIPPER 11 and only one place to get it: your Agway, Andgrow or Reading-Bone Salesperson. Call today. 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 3.29 3/4 UP 4 1/4 3.93 1/4 MINNEAPOLIS (MAY) WHEAT 3.30 3/4 UP 5 3.84 CHICAGO (MAY) WHEAT 3.47 1/2 UP 7 1/2 3.84 (MAY) CORN 2.28 3/4 UP 1 1/4 2.70 1/4 (MAY) SOYBEANS 5.92 1/4 UP 3/4 5.88 1/2 EXPORT: BARGE OR RAIL, PORT OF NEW ORLEANS OR NORTH TEX AS GULF. NO. 1 HARD RED WINTER WHEAT ORDINARY PROTEIN 4.04 3/4-4 06 3/4 UP 4 4.68-4.69 NO. 2 SOFT RED WINTER WHEAT 4.42 1/2 UP 7 1/2-6 1/2 4.32-4.34 NO. 2 YELLOW CORN 2.51-2.52 NC 2.95-2.96 NO. 2 YELLOW SORGHUM RAIL 4.37 UP 2 BARGE 4.44 UP 6 5.40-5.45 NO. 2 YEL LOW SOYBEANS 6.12 3/4-6.14 DN 1 1/4-1 6.18-6.20 BIRD THIS REPORT A SERVICE OF U.S. DEPARTMENT OF AGRICULTURE, LIVESTOCK AND GRAIN MARKET NEWS. ST. JOSEPH. MISSOURI. BIRD 2:45 PM BAB -O- COMPARED WITH LAST TUES DAY’S MARKET FOR SOUTHEASTERN, CENTRAL. AND SOUTH CENTRAL PA: CORN & BAR LEY STEADY TO .05 HIGHER; WHEAT STEADY TO .20 HIGHER: OATS UNEVENLY STEADY; EAR CORN MOSTLY STEADY; SOYBEANS STEADY TO .10 HIGHER. SOUTHEASTERN PENNSYLVANIA CORN NO. 2-Y RANGE 2.32-2.63, AVERAGE 2.48, FEW REPORTED CONTRACT FOR HARVEST 2 35-2.56, ©WHEAT NO. 2 RANGE 3.30-3.55, (*gw