National
Grain Market
St. Joaeph, Mo.
Wedncadaj, July 27, 1994
♦♦CORRECTION IN FOURTH
DAILY NATIONAL
GRAIN SUMMARY IT LOOKS LIKE
ITS GOING TO BE - CHEAP GRAIN
AND SOYBEAN PRICES BY CHRIST
MAS. BUMPER CROP PROSPECTS.
WHEAT 5 CENTS HIGHER TO 3
CENTS LOWER, WITH MINNEAPOLIS
OFF 15 1/2. CORN 1-3 CENTS LOWER.
SORGHUM 3-4 CENTS LOWER. SOY
BEANS 4-7 CENTS LOWER.
EXPORT ORDERS TRYING TO
HOLD UP WHEAT PRICES, BUT
DECLINING CORN AND SOYBEANS
A DRAG. A REDUCTION IN WORLD
WHEAT PRODUCTION OFFERING
SOME SUPPORT.
CORN CROP IS JUST ABOUT MADE
AND AWESOME. FARMERS ARE
TALKING ABOUT 200 PLUS BUSHEL
PER ACRE IN MANY AREAS. OUT OF
RAIL SERVICE, COUNTRY ELEVA
TORS ARE LOOKING AT BELOW 2.00
A BUSHEL. DECEMBER FUTURES
AROUND 2.20. THAT'S A LONG WAY
FROM THE 1994 TARGET PRICE OF
2.75. DECEMBER OF LAST YEAR
CORN WAS OVER 3.00 A BUSHEL.
CARRY-OVER DOWN FROM RECENT
YEARS, BUT NOT REAL TIGHT.
RECENT EXPORT ORDERS HAVE
BEEN PASSING CORN BY. BUT A
SMALL VOLUME TODAY. YEAR TO
DATE EXPORT FIGURES LOOK MIS
ERABLE AND THE COUNTING PER
IOD ENDS SEPTEMBER 1, BUT WHAT
DO YOU EXPECT WITH 3.00 CORN.
A DIFFERENT STORY FOR BEANS.
GOOD RECENT EXPORT ORDERS
FOR SOYBEANS, OILS AND MEAL.
H PURINA
HARD HITTER POUR
Kill Those Flies and Make
Your Cow Comfortable!
HARD HITTER
*■ - *-
* * X
■* ■»
SI Easy To Use-Pour On
s Kills Flies, Lice, Mosquitoes
& Ticks
S 3 Long Lasting
“HINT”: APPLY DOWN THE COW’S BACK USING
AN EMPTY LIQUID DISH DETERGENT BOTTLE
CARRY-OVER STOCKS ARE VERY
TIGHT. CURRENTLY PROCESSOR'S
CASH BIDS ARE OFTEN 5-15 CENTS
ABOVE ELEVATORS. THERE IS A 25
CENT AUGUST PREMIUM TO
NOVEMBER ON THE BOARD. SOY
BEAN CROP IS BEHIND CORN, JUST
♦ ♦NOW♦♦PODDING. HOWEVER.
MANY FIELDS ARE WASTE HIGH,
FULL OF BLOOMS AND LOOKING
SUPER. WHEAT BEANS ARE COMING
ON LIKE GANG BUSTERS. COUNTRY
ELEVATOR’S NEW CROP BIDS ARE
DROPPING BELOW 5.50, WHILE
DECEMBER OF LAST YEAR PRICES
JUMPED UP OVER 7.00. NO GOVERN
MENT TARGET PRICES FOR BEANS,
THEY JUST HUNG OUT ON THE LINE
IN A RAIN STORM TO DRY BY
THEMSELVES.
EXPORT NEWS: THE U.S.D.A.
ACCEPTED AND E.E.P. BID FOR
40,000 TONNES OF WHEAT TO THE
PHILIPPINES (INCLUDING 25,000
TONNES OF HARD RED SPRING
WHEAT. AND 15,000 TONNES OF
WHITE WHEAT) FOR AUGUST 16 -
SEPTEMBER 15 SHIPMENT.
TAIWAN PURCHASED 55,000 TON
NES OF U.S. NO. 2 YELLOW CORN
FOR SEPTEMBER 1-15 GULF
SHIPMENT.
THE U.S.D.A. ACCEPTED A SUB
SIDY BID FOR 500 TONNES OF COT
TONSEED OIL TO GUATEMALA:
SHIPMENT IS SCHEDULED FOR
AUGUST 10 - SEPTEMBER 15.
DATE CHANGE YEAR AGO TRUCK
BIDS: 07/27/94 07/26/94 07/28/93
WHEAT: KANSAS CITY 3.49 DN 2-3
3.34-3.36 MINNEAPOLIS 3.77 3/4 DN 15
1/2 5.05 PORTLAND 3.50-3.52 UP 2
3.55-3.59 ST. LOUIS 3.15-3.18 UP 5
3.05-3.08.
CORN, U.S. NO. 2 YELLOW: KAN-
INSECTICIDE
HIGH BROS.
441 Centerville Road
Gordonville, PA 17529
Phone 717-354-0301
SAS CITY 2.27-2.31 DN 2 2.44-2.46
MINNEAPOLIS 2.11 1/4 DN 1 3/4 2.18
1/4 SO. lOWA 2.19-2.21 NC 2.22-2.32
OMAHA 2.15-2.16 DN 1-2 2.34-2.35.
SOYBEANS, NO. 1 YELLOW: KAN
SAS CITY 5.76 DN 1-6 6.91-6.96 MIN
NEAPOLIS 5.66 DN 4 1/4 6.66 3/4 SO.
lOWA 5.75-5.79 DN 7-5 6.76-6.81 C. ILL.
PROCESSORS 5.65 1/2-5.82 DN 6-4 1/4
6.81 3/4-6.96 3/4.
♦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
(SEPT) WHEAT 3.38 3/4 DN 1 3/4 3.15
1/2 MINNEAPOLIS (SEPT) WHEAT
3.42 3/4 DN 1/2 3.25 CHICAGO (SEPT)
WHEAT 3.32 DN 1 3.15 3/4 (SEPT)
CORN 2.17 1/4 DN 1 3/4 2.41 1/4 (DEC)
CORN 2.19 1/4 DN 2 2.46 1/2 (AUG)
SOYBEANS 5.85 DN 4 1/4 6.88 3/4
(NOV) SOYBEANS 5.60 1/2 DN 6 6.90
3/4.
EXPORT: BARGE OR RAIL, PORT
OF NEW ORLEANS OR NORTH TEX
AS GULF. NO. 1 HARD RED WINTER
WHEAT ORDINARY PROTEIN 3.79 3/4
DN 1 3/4 3.59 1/2-3.63 1/2 NO. 2 SOFT
RED WINTER WHEAT 3.31-3.33 DN 1
3.35-3.38 NO. 2 YELLOW CORN 2.43
1/4-2.44 DN 2 3/4-2 1/2 2.54-2.59 NO. 2
YELLOW SORGHUM RAIL 4.27 DN 4
BARGE 4.40 DN 3 3138 4.65 NO. 2 YEL
LOW SOYBEANS 6.06-6.07 DN 4 7.70.
Pa. Grain
Monday, July 25, 1994
Report supplied by PDA
COMPARED TO LAST MONDAY’S
MARKET FOR SOUTHEASTERN,
CENTRAL. AND SOUTH CENTRAL
HARD HITTER
PA: CORN .05 TO .25 LOWER, WHEAT
STEADY TO SPOTS .05 HIGHER, BAR
LEY STEADY TO STRONG, OATS .05
TO .10 LOWER, SOYBEANS .15 TO .30
LOWER, EAR CORN STEADY TO 5.00
LOWER.
SOUTHEASTERN PENNSYLVANIA
CORN NO. 2-Y RANGE 2.50-2.80,
AVERAGE 2.63, CONTRACT FOR
HARVEST 2.20-2.43; WHEAT NO. 2
RANGE 3.04-3.25, AVERAGE 3.14;
BARLEY NO. 3 RANGE 1.60-1.95,
AVERAGE 1.73; OATS NO. 2 RANGE
1.35-1.70, AVERAGE 1.50; SOYBEANS
NO. 1 RANGE 5.65-6.15, AVERAGE
5.88, CONTRACT FOR HARVEST 2.05;
EAR CORN RANGE 70.00-96.00,
AVERAGE 81.60.
SOUTH CENTRAL
PENNSYLVANIA
CORN NO. 2-Y RANGE 2.65-2.85,
AVERAGE 2.80; WHEAT NO. 2 RANGE
2.90-3.15, AVERAGE 2.96; BARLEY
NO. 3 RANGE 1.75-1.90. AVERAGE
1.80; OATS NO. 2 RANGE 1.40-1.70,
AVERAGE 1.52; SOYBEANS NO. 1
RANGE 5.85-6.15, AVERAGE 5.96;
EAR CORN RANGE 70.00-85.00,
AVERAGE 80.57.
SOUTHEASTERN, CENTRAL &
SOUTH CENTRAL SUMMARY
CORN NO. 2-Y RANGE 2.50-3.00,
AVERAGE 2.73; WHEAT NO. 2 RANGE
2.90-3.25, AVERAGE 3.03; BARLEY
NO. 3 RANGE 1.60-1.95, AVERAGE
1.75; OATS NO. 2 RANGE 1.25-1.70,
AVERAGE 1.49; SOYBEANS NO. 1
RANGE 5.65-6.15, AVERAGE 5.93;
EAR CORN RANGE 73.00-96.00,
AVERAGE 81.80.
CENTRAL PENNSYLVANIA
CORN NO. 2-Y RANGE 2.65-3.00,
AVERAGE 2.77; WHEAT NO. 2 RANGE
2.90-3.22, AVERAGE 3.00; BARLEY
NO. 3 RANGE 1.60-1.90, AVERAGE
1.72; OATS NO. 2 RANGE 1.25-1.60.
Lancaster Fanning, Saturday, July 30, 1994-AS
AVERAGE 1.45; SOYBEANS NO. 1
RANGE 5.68-6.01, FEW REPORTED
6.50, AVERAGE 5.97; EAR CORN
RANGE 78.00-90.00. AVERAGE 83.25.
WESTERN PENNSYLVANIA
CORN NO. 2-Y RANGE 2.51-3.00,
AVERAGE 2.75; WHEAT NO. 2 RANGE
2.80-3.05, AVERAGE 2.92; BARLEY
NO. 3 RANGE 1.65-1.73, AVERAGE
1.69; OATS NO. 2 RANGE 1.25-1.70,
AVERAGE 1.46; SOYBEANS NO. 1
RANGE 5.75-6.25. AVERAGE 5.85;
BAR CORN RANGE 60.00-75.00,
AVERAGE 67.50.
MONTH AGO
CORN NO. 2-Y 3.02; WHEAT NO. 2
3.11; BARLEY NO. 3 1.75; OATS NO. 2
1.72; SOYBEANS NO. 1 6.58; EAR
CORN 88.40.
CORN NO. 2-Y 2.67; WHEAT NO. 2
2.93; BARLEY NO. 3 1.60; OATS NO. 2
1.48; SOYBEANS NO. 1 7.15; EAR
CORN 71.00
North Jersey
Market
Hackctlstown, NJ.
Report Supplied by Auction
Tuciday, July 26, 1994
Hay—Straw &
Grain Report
ALFALFA: 3 LOTS, 1.70-2.00 BALE.
MIXED HAY: 12 LOTS. 1.50-2.50
BALE.
MULCH: 2 LOTS AT .70 AND 1.60
BALE.
GRASS; 1 LOT AT 1.50 BALE.
WHEAT STRAW: 2 LOTS AT 1.50
AND 1.60 BALE
OAT STRAW: 1 LOT AT 1.60 BALE
WHOLE EAR CORN: 1 BAG AT 6.25.
CRACKED CORN: 1 BAG AT 6.00.
OATS: 5.75 BAG.
TOTAL: 24 LOTS.
YEAR AGO