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Most bids end day higherWheat and soybeans were sharply higher with corn moderately higher in trading Sept. 4, according to the National Grain Market Summary. Wheat was sharply higher with concern of tightening world supply, good export demand, lack of selling interest, and dry conditions in Australia helped drive the market limit up. Corn was higher with surging wheat prices and strong demand for exports. Soybeans were sparked by record high wheat and talk of lower than expected yields in the southern Midwest and delta areas. Wheat was 20 to 30 cents higher. Corn 5 to 13 cents higher. Soybeans traded 15 to 25 cents higher. Grains inspected for export for week ending Aug. 30: Wheat totaled 33.2 million bushels, down 2.0 million bushels; corn 35.6 million bushels, down 900 thousand bushels; sorghum 2.8 million bushels, down 2.1 million bushels and soybeans 12.0 million bushels, down 1.4 million bushels compared to a week ago. Year to date: Wheat totaled 304.6 million bushels up 91.9 million; corn 2043.4 million bushels down 23.6 million; sorghum 147.6 million bushels down 27.0 million and soybeans 1105.3 million bushels up 170.4 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 export sales to report. In the futures close, Kansas City December wheat was $7.61 1/4, up 30 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $7.36, up 25 cents; Minneapolis, $7.11 1/2, up 25 cents; Portland, $7.80 to $7.90, up 20 to 24 cents; St. Louis, $7.06, up 22 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.33, up 13 cents; Minneapolis, $3 1/4, up 30 1/4 cents; southern Iowa, $2.86 1/4 to $2.93 1/4, up 1 1/4 to 7 1/4 cents; Omaha, $3.13 to $3.21, up 5 to 9 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $8.53, up 25 cents; Minneapolis, $8.02 1/2, up 15; southern Iowa, $7.95 1/2 to $8.04 1/2, up 9 to 17 cents; central Illinois processors, $8.57 1/2 to $8.73 1/2, up 25 to 26 cents. Kansas City wheat prices Sept. 4, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.62 1/4 to $7.93 1/4, up 30 to 31 cents; 12% protein, $7.75 1/4 to $7.95 1/4, up 31 to 30 cents; 13% protein, $7.89 1/4 to $8.09 1/4, up 30 cents; 14% protein, $7.89 1/4 to $8.09 1/4, up 30 cents. U.S. No. 2 soft red winter wheat was $7.04 1/4 to $7.44 1/4, up 30 cents. U.S. No. 2 white corn was $3.91 to $3.97, unchanged. Date: 9/4/07
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