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Grain prices mixedGrain prices were mixed as soybean bids were moderately lower, according to the National Grain Market Summary, Aug. 6. wheat was higher on good export demand and fears of tightening world and U.S. stocks supported the market. Corn managed to re-coup much of losses on the day as traders are looking for corn crop conditions to drop 2 to 3 percent. Soybeans were lower after good rains over the weekend in Minnesota, Iowa and the eastern Corn Belt will improve crop conditions. wheat was 8 to 13 cents higher. Corn mostly unchanged to 1 cent lower. Soybeans were mostly 11 to 16 cents lower. Grains inspected for export for week ending Aug. 2: wheat totaled 25.1 million bushels, up 7.5 million bushels; corn 24.5 million bushels, down 13.5 million bushels; sorghum 1.7 million bushels, up 100 thousand bushels and soybeans 10.5 million bushels, up 1.4 million bushels compared to a week ago. Year to date: wheat totaled 158.0 million bushels up 14.6 million; corn 1881.4 million bushels up 4.3 million; sorghum 129.1 million bushels down 34.9 million and soybeans 1062.4 million bushels up 163.0 million. Crop marketing years begin June 1 for wheat and September 1 for corn, sorghum, and soybeans. In export news, there were no new confirmed sales to report. In the futures close, Kansas City September wheat was $6.47 1/2, up 7 3/4 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $6.38, up 8 cents; Minneapolis, $6.33, up 9 1/2 cents; Portland, $6.58 to $6.67, up 8 to 9 cents; St. Louis, $5.93, up 13 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.26, down 1 cent; Minneapolis, $2.87 3/4, up 1 1/4 cents; southern Iowa, $3.11 3/4 to $3.14 3/4, up 3 1/4 to down 4 1/4 cents; Omaha, $3.13 to $3.14, unchanged to down 1 cent. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $7.73, down 11 cents; Minneapolis, $7.50, down 16 cents; southern Iowa, $7.63 to $7.64, down 22 to 30 cents; central Illinois processors, $7.80 to $8.02, down 11 to up 3 cents. Kansas City wheat prices Aug. 7, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $6.43 to $6.77, up 1/2 cent; 12% protein, $6.54 to $6.87, up 1/2 cent; 13% protein, $6.64 to $7.07, up 1/2 cent; 14% protein, $6.85 to $7.10, up 1/2 cent. U.S. No. 2 soft red winter wheat was $5.98 to $6.48, up 1/2 cent. U.S. No. 2 white corn was $3.67 to $3.78, unchanged. Date: 8/7/07
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