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All bids end day higher
Grain bids and soybeans were all higher Dec. 10, according to the National Grain Market Summary. Wheat was higher on concerns that downward crop revisions in Canada, Argentina, and U.S., have traders concerned about near term supplies with strong export demand. Corn was fractionally higher as March corn closed at a new contract high, corn also had lower export inspections. Soybeans finished higher as meal closed at a new contract high and export demand remains very strong. Also forecast for less rain in Argentina helped give beans support. Grains inspected for export for week ending Dec. 6: Wheat totaled 26.6 million bushels, up 8.1 million bushels; corn 38.4 million bushels, down 18.3 million bushels; sorghum 7.0 million bushels, up 900,000 bushels and soybeans 32.9 million bushels, up 6.1 million bushels compared to a week ago. Year to date: Wheat totaled 730.3 million bushels up 290.5 million; corn 676.9 million bushels up 62.4 million; sorghum 99.1 million bushels up 58.1 million and soybeans 344.6 million bushels down 69.1 million. Crop marketing years begin June 1 for wheat and Sept. 1 for corn, sorghum, and soybeans. In the futures close, Kansas City March wheat was $9.61 1/2, up 11 1/2 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $9.32, up 12 cents; Minneapolis, $10.32, up 14 1/2 cents; Portland, $12.00 to $12.10, up 25 to 15 cents; St. Louis, $8.85, up 7 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $4.03, up 11 to 9 cents; Minneapolis, $3.70 3/4, up 1/2 cent; southern Iowa, $3.79 3/4 to $3.89 3/4, down 2 1/2 to up 1/2 cents; Omaha, $3.91 to $3.99, up 1 to 4 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $10.62, up 6 cents; Minneapolis, no bids; southern Iowa, $10.84 3/4 to $10.87 3/4, up 5 to 3 cents; central Illinois processors, $10.95 3/4 to $11.08 3/4, up 6 cents. Kansas City wheat prices Dec. 11, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $9.57 1/2 to $10.17 1/2, up 11 1/2 cents; 12% protein, $10.11 1/2 to $10.34 1/2, up 11 1/2 cents; 13% protein, $10.31 1/2 to $10.43 1/2, up 11 1/2 cents; 14% protein, $10.43 1/2 to $10.53 1/2, up 11 1/2 cents. U.S. No. 2 soft red winter wheat was $9.56 1/2 to $9.91 1/2, up 11 1/2 cents. U.S. No. 2 white corn was $4.38 to $4.43, unchanged. Date: 12/11/07
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