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Bids higher for grain, soybeansWheat was pressured by rain later in the week for the southern and western parts of the HRW Wheat areas. Weekly export inspections for Wheat were reported at 9.5 million bushels as compared to trade estimates 15 to 20 million. Corn found support from moisture over the weekend as field work was delayed. Weekly export inspections for corn came in at 29.2 million as compared to trade expectations 32 to 37 million bushels. Soybeans were sparked by better than expected NOPA crush number which came in at 142.9 million as compared to trade estimates near 140.8 million bushels. Weekly export inspections for soybeans were posted at 11.5 million as compared to trade expectations 10 to 15 million bushels. Wheat was 6 to 19 cents lower with Portland steady to 2 cents lower. Corn was steady to 7 cents higher. Sorghum was 1 to 6 cents higher. Soybeans were 6 to 10 cents higher with Minneapolis 14 cents higher. Grains inspected for export for week ending April 13: Wheat totaled 9.5 million bushels, down 1.8 million bushels; corn 29.2 million bushels, down 6.7 million bushels; sorghum 2.7 million bushels, down 3.7 million and soybeans 11.5 million bushels, up 1.9 million bushels compared to a week ago. Year to date: Wheat totaled 853.4 million bushels down 56.8 million; corn 1155.0 million bushels up 95.8 million; sorghum 109.7 million bushels up 12.7 million and soybeans 732.9 million bushels down 185.5 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 May Wheat was $4.37 3/4, down 18 3/4 cents. Terminal Wheat bids, paid for truck delivery, included Kansas City, $4.38, down 19 cents; Minneapolis, $4.33 3/4, down 16 3/4 cents; Portland, $3.58 to $3.70, unchanged to down 2 cents; St. Louis, $3.40, down 8 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $2.17, up 1 cent; Minneapolis, $2.10 1/2, up 7 1/4 cents; southern Iowa, $2.20 to $2.24, unchanged; Omaha, $2.07, up 1 cent. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $5.57, up 9 cents; Minneapolis, $5.40 1/2, up 14 1/2 cents; southern Iowa, $5.52 to $5.54, up 8 cents; central Illinois processors, $5.61 1/2 to $5.70 1/2, up 8 1/2 to 10 1/2 cents. Kansas City Wheat prices April 18 21, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $4.84 1/2 to $5.17 1/2, up 14 3/4 cents; 12% protein, $5.08 1/2 to $5.26 1/2, up 14 3/4 cents; 13% protein, $5.11 1/2 to $5.30 1/2, up 14 3/4 cents; 14% protein, $5.18 1/2 to $5.33 1/2, up 14 3/4 cents. U.S. No. 2 soft red winter Wheat was $4.41 1/2 to $4.61 1/2, up 14 3/4 cents. U.S. No. 2 white corn was $2.45 to $2.46, unchanged. Date: 4/18/06
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