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Grain bids finish day mixedGrain bids were mixed on the day as soybeans were sharply lower July 23, according to the National Grain Market Summary. Wheat finished higher with reports of low yields for the European harvest help spark the market despite sell off in other grains. Weekly export trade inspections showed wheat at 19.3 million bushels as compared to trade expectations of 13 to 16 million. corn was lower on cooler weather and rains scattered throughout the Midwest and ideas that crop conditions are improved during pollination have the market in a bearish tone. The market is at its lowest level since last October. soybeans were sharply lower with the idea that crop condition report will show improvement with rain through central and eastern corn Belt along with cooler temperatures pressured the market. There was also long liquidation selling that helped push the market lower. Wheat was unchanged to 6 cents higher. corn was 3 to 9 cents lower. soybeans finished 21 to 34 cents lower. In export news, there were no new confirmed export sales to report. In the futures close, Kansas City September wheat was $6.09 3/4, up 6 1/4 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $6, up 6 cents; Minneapolis, $6.11 1/4, up 1 1/4 cents; Portland, $6.36 to $6.45, unchanged; St. Louis, $5.52, up 1 cent. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.10, down 3 to 4 cents; Minneapolis, $2.59, down 4 1/4 cents; southern Iowa, $2.77 to $2.86, down 9 1/4 to 3 1/4 cents; Omaha, $2.94 to $2.96, down 8 to 9 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $7.54, down 34 cents; Minneapolis, $6.86 1/4, down 34 cents; southern Iowa, $7.20 1/4 to $7.26 1/4, down 21 cents; central Illinois processors, $7.46 1/4 to $7.66 1/4, down 34 cents. Kansas City wheat prices July 24, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $6.25 to $6.54, up 20 1/4 to 19 1/4 cents; 12% protein, $6.30 to $6.69, up 18 1/4 to 20 1/4 cents; 13% protein, $6.46 to $6.89, up 20 1/4 cents; 14% protein, $6.67 to $6.92, up 20 1/4 cents. U.S. No. 2 soft red winter wheat was $5.98 to $6.48, up 20 1/4 cents. U.S. No. 2 white corn was $4.32 to $4.37, unchanged. Date: 7/24/07
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