|
|
Grain bids end day lowerGrain bids were lower Aug. 13 except soybeans which traded higher, according to the National Grain Market Summary. Wheat was pressured by technical selling. Weekly export inspections for wheat were reported at 24.4 million bushels as compared to trade estimates of 16 to 22 million. Soybeans found support from triple digit temperatures expected in the southern Midwest which is very stressful for crops. Weekly export inspections for soybeans were listed at 3.83 million bushels as compared with trade expectations of 5 to 10 million and corn at 42.6 million bushels as compared to 40 to 45 million. Wheat was mostly steady to 5 cents lower. Corn was mostly 1 to 5 cents lower. Sorghum was 2 to 3 cents lower. Soybeans were 7 to 15 cents higher. Grains inspected for export for week ending Aug. 9: Wheat totaled 24.4 million bushels, down 3.4 million bushels; corn 42.6 million bushels, up 16.3 million bushels; sorghum 4.6 million bushels, up 1.0 million bushels and soybeans 3.8 million bushels, down 8.0 million bushels compared to a week ago. Year to date: Wheat totaled 186.0 million bushels up 27.8 million; corn 1925.9 million bushels up 1.1 million; sorghum 135.6 million bushels down 30.9 million and soybeans 1067.8 million bushels up 171.6 million. Crop marketing years begin June 1 for wheat and Sept. 1 for corn, sorghum, and soybeans. In export news, a private exporter to Egypt purchased 120,000 tons of corn for delivery in the 2007-2008 marketing year. In the futures close, Kansas City May wheat was $6.54 3/4, up 1/4 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $6.45, unchanged; Minneapolis, $6.41, down 3 cents; Portland, $6.68 to $6.73, down 4 to unchanged; St. Louis, $5.91, up 2 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.31, down 2 cents; Minneapolis, $2.96, up 3 cents; southern Iowa, $3.01 to $3.05, down 5 to 2 cents; Omaha, $3.17 to $3.18, down 2 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $8.09, up 10 cents; Minneapolis, $7.86 3/4, up 14 cents; southern Iowa, $7.89 3/4 to $7.97 3/4, up 7 cents; central Illinois processors, $8.21 3/4 to $8.31 3/4, up 15 to 10 cents. Kansas City wheat prices Aug. 14, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $6.65 1/4 to $7.01 1/4, up 17 1/2 to 18 1/2 cents; 12% protein, $6.77 1/4 to $7.05 1/4, up 18 1/2 to 17 1/2 cents; 13% protein, $6.81 1/4 to 7.24 1/4, up 17 1/2 cents; 14% protein, $7.02 1/4 to $7.27 1/4, up 17 1/2 cents. U.S. No. 2 soft red winter wheat was $6.22 1/4 to $6.72 1/4, up 17 1/2 cents. U.S. No. 2 white corn was $3.87 to $3.93, unchanged. Date: 8/14/07
Copyright/Privacy
Copyright 1995-2012. 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 |
|
