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Soybean bids end the day higherGrain bids were lower June 25 except soybeans which were slightly higher, according to the National Grain Market Summary. Wheat was pressured by ideas that harvest will start picking up. There are still areas of the southern plains that are receiving rain which is delaying harvest. Overnight export announcements for wheat were supportive limiting the losses. corn saw double digit losses due to moisture in the eastern corn Belt. Wheat was mostly 2 to 7 cents lower. corn was 6 to 10 cents lower. sorghum was 13 to 17 cents lower. soybeans were mostly 3 to 7 cents higher. Grains inspected for export for week ending June 21: wheat totaled 16.0 million bushels, down 900 thousand bushels; corn 29.2 million bushels, down 11.1 million bushels; sorghum 1.2 million bushels, up 700 thousand bushels and soybeans 11.6 million bushels, up 9.4 million bushels compared to a week ago. Year to date: wheat totaled 42.1 million bushels down 6.6 million; corn 1673.9 million bushels up 66.5 million; sorghum 116.4 million bushels down 31.9 million and soybeans 1010.6 million bushels up 185.2 million. Crop marketing years begin June 1 for wheat and Sept. 1 for corn, sorghum, and soybeans. In export news, Egypt purchased 120,000 tons of soft red wheat for delivery July 16 to 30 and Aug. 1 to 20. In the futures close, Kansas City July wheat was $5.68, down 2 3/4 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $5.68, down 3 cents; Minneapolis, $5.95 1/2, down 3 cents; Portland, $6.10 to $6.14, up 2 cents to unchanged; St. Louis, $5.37, down 2 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.50 to $3.53, down 10 cents; Minneapolis, $3.22 3/4, down 6 3/4 cents; southern Iowa, $3.32 3/4 to $3.37 3/4, down 7 3/4 to 7 1/4 cents; Omaha, $3.54, down 10 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $7.62, up 7 cents; Minneapolis, $7.31 1/4, up 9 1/4; southern Iowa, $7.43 1/4 to $7.49 1/4, up 3 1/4 to 5 1/4 cents; central Illinois processors, $7.69 1/4 to $7.74 1/4, up 7 1/4 cents. Kansas City wheat prices June 26, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $6.33 1/2 to $6.56 1/2, up 15 1/2 to 20 1/2 cents; 12% protein, $6.46 1/2 to $6.60 1/2, up 20 1/2 to 22 1/2 cents; 13% protein, $6.55 1/2 to $6.78 1/2, up 22 1/2 to 35 1/2 cents; 14% protein, $6.68 1/2 to $6.78 1/2, up 35 1/2 cents. U.S. No. 2 soft red winter wheat was $6.03 1/2 to $6.23 1/2, up 20 1/2 to 30 1/2 cents. U.S. No. 2 white corn was $5 to $5.01, unchanged. Date: 6/26/07
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