A large majority of the crops are in storage bins or in the trucks looking for a place to unload, according to the National Grain Market Summary, Nov. 21.

Wheat was 2 to 4 cents lower. Corn 1 to 6 cents higher. Sorghum steady to 3 cents higher. Soybeans 2 to 7 cents higher.

Farmers will finish up harvest of what little is left when elevators have room to accept a load. Many country elevators are not taking anything for storage but based on current futures and July futures, not considering basis, it will not pay to store beans with a 3 1/2 cents per bushel per month cost. However, corn has a 30 cent spread.

Also, new crop corn at 2.40 a bushel may need looking at for a partial crop hedge just in case we don't have the usual July drought reports. The spread on next years crop and current futures for corn is 50 cents, 25 percent; 25 cents on soybeans which is only 5 percent. Elevator basis discounting corn much more than soybeans, substantially more percentage wise. This crop year corn exports getting off to a slow start and soybeans even slower. Fewer chickens grown and consumed world wide due to avian flu means less usage and exports of corn and soybeans. Export announcements for Nov. 21 included only a very small jag of corn and wheat.

Grains inspected for export for week ending Nov. 17: Wheat totaled 16.1 million bushels, down 0.6 million bushels; corn 32.5 million bushels, down 8.9 million bushels; sorghum 1.5 million bushels, down 1.0 million and soybeans 34.2 million bushels, down 4.3 million bushels compared to a week ago.

Year to Date: Wheat totaled 472.0 million bushels down 70.6 million; corn 394.2 million bushels down 2.4 million; sorghum 32.1 million bushels up 1.0 and soybeans 256.7 million bushels down 72.7 million. Crop marketing years begin June 1 for Wheat and September 1 for corn, sorghum, and soybeans.

In export news, CCC to Mozambique purchased 20,000 tons of Wheat for Dec. 1 to 10 delivery, while CCC to Tanzania purchased 5,020 tons of yellow corn for Dec. 1 to 10 delivery.

In the futures close, Kansas City Dec Wheat was $3.53 3/4, down 4 1/2 cents.

Terminal Wheat bids, paid for truck delivery, included Kansas City, $3.64-3.65, down 4 cents; Minneapolis, $4.22 1/4, down 2 1/2 cents; Portland, $3.40 to $3.42, down 3 to 2 cents; St. Louis, $3.09, down 3 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $1.62 to $1.65, up 1 to 4 cents; Minneapolis, $1.76 1/2, up 6 1/4 cents; southern Iowa, $1.89 to $1.90, up 1 cent; Omaha, $1.70 to $1.71, up 4 to 3 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $5.49 to $5.52, down 1 to up 1 cent; Minneapolis, $5.50 1/4, up 7 1/2 cents; southern Iowa, $5.63 to $5.64, up 4 to 3 cents; central Illinois processors, $5.62 1/4 to $5.75 1/4 , up 2 1/2 to 5 1/2 cents.

Kansas City Wheat prices Nov. 21, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $4.28 3/4 to $4.48 3/4, down 6 1/2 to 9 1/2 cents; 12% protein, $4.38 3/4 to $4.48 3/4, down 9 1/2 cents; 13% protein, $4.39 3/4 to $4.49 3/4, down 9 1/2 cents; 14% protein, $4.48 3/4 to $4.59 3/4, down 17 1/2 cents. U.S. No. 2 soft red winter Wheat was $3.80 3/4 to $4 3/4, down 5 1/2 cents. U.S. No. 2 white corn was $1.52 to $1.53, unchanged.