| ||||
|
|
Slightly to sharply higher bids seen for grain, soybeans
Grain and soybeans saw slight to sharply higher bids May 23, while Wheat found support from lack of rain and hot temperatures over the weekend in the southern plains, according to the National Grain Market Summary.
Weekly export inspections were reported at 13 million bushels. Corn and soybeans rallied as the out look ahead calls for dry and cooler temperatures through out the Midwest. The cooler temperatures have traders concerned of slow crop progress. Corn weekly export inspections came in at 35.9 million bushels and soybeans 11 million bushels.
Wheat was 9 to 23 cents higher, with Portland 4 to 5 cents higher. Corn was 3 to 10 cents higher with Kansas City 12 cents higher. Sorghum was 11 to 23 cents higher. Soybeans were 3 to 10 cents higher with Minneapolis 1 cent higher.
Grains inspected for export for week ending May 19: Wheat totaled 13.0 million bushels, down 5.2 million bushels; corn 35.9 million bushels, up 7.6 million bushels; sorghum 4.2 million bushels, up 1.9 million; and soybeans 11.0 million bushels, up 800 thousand bushels compared to a week ago.
Year to Date: Wheat totaled 1000.4 million bushels down 103.7 million; corn 1227.6 million bushels down 107.8 million; sorghum 110.8 million bushels down 19.2 and soybeans 981.1 million bushels up 173.8 million. Crop marketing years begin June 1 for Wheat and September 1 for corn, sorghum, and soybeans.
There was nothing new to report in export news.
In the futures close, Kansas City July Wheat was $3.40 1/2, up 19 1/4 cents.
Terminal Wheat bids, paid for truck delivery, included Kansas City, $3.41, up 20 cents; Minneapolis, $4.08 1/2, up 18 1/4 cents; Portland, $3.90 to $3.94, up 5 to 4 cents; St. Louis, $3.56, up 23 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $2.05 to $2.07, up 12 cents; Minneapolis, $2.03 1/2, up 7 1/4 cents; southern Iowa, $2.04 to $2.10, up 3 to 6 cents; Omaha, $1.96 to $1.98, up 9 to 10 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $6.38, up 8 cents; Minneapolis, $6.18, up 1 cent; southern Iowa, $6.20 to $6.26, up 3 cents; central Illinois processors, $6.45 to $6.55, up 8 to 10 cents.
Kansas City Wheat prices May 24, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $3.77 1/4 to $4.10 1/4, down 3 1/4 cents; 12% protein, $3.90 1/4 to $4.10 1/4, down 3 1/4 cents; 13% protein, $3.90 1/4 to $4.15 1/4, down 3 1/4 to 1 1/4 cents; 14% protein, $4.00 1/4 to $4.20 1/4, down 1 1/4 cents. U.S. No. 2 soft red winter Wheat was $3.72 1/4 to $3.97 1/4, down 4 1/4 cents. U.S. No. 2 white corn was $1.85 to $1.87, unchanged.
Date: 5/24/05
Copyright 1995-2008. High Plains Publishers, Inc. All rights reserved. Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com
 
| |||||||||||||||||||||
