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Bids sharply lower; wheat pressured by other grainsGrain and soybean bids moved sharply lower April 21, according to the National Grain Market Summary. Wheat was pressured by other grains, fund selling, and rain in the forecast for the dry areas of the winter wheat region. Over the weekend the Corn Belt took a break from the heavy rain reported during the week. Some areas did not receive as much moisture and were able to go back in the field. Wheat was 20 to 40 cents lower. Corn was mostly 14 to 20 cents lower. Sorghum was 34 cents lower. Soybeans were 37 to 46 cents lower. Grains inspected for export for week ending April 17: Wheat totaled 22.4 million bushels, up 8.1 million bushels; corn 36.2 million bushels, down 11.3 million bushels; sorghum 7.3 million bushels, up 3.6 million bushels and soybeans 19.7 million bushels, up 3.5 million bushels compared to a week ago. Year to date: Wheat totaled 1104.9 million bushels up 329.0 million; corn 1609.0 million bushels up 263.8 million; sorghum 219.3 million bushels up 124.7 million and soybeans 891.3 million bushels down 20.8 million. Crop marketing years begin June 1 for wheat and Sept. 1 for corn, sorghum, and soybeans. In the futures close, Kansas City May wheat was $9.14 1/2, down 25 1/4 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $8.70, down 25 cents; Minneapolis, $11.30, down 40 cents; Portland, was unavailable; St. Louis, $7, down 20 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $5.55 to $5.58, down 20 cents; Minneapolis, $5.38 1/4, up 3 3/4 cents; southern Iowa, $5.29 1/4 to $5.37 1/4, down 16 1/4 to 20 3/4 cents; Omaha, $5.47 to $5.50, down 18 to 20 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $12.81, down 46 cents; Minneapolis, $12.63 1/2, down 37 cents; southern Iowa, $12.65 1/2 to $12.73 1/2, down 42 to 43 cents; central Illinois processors, $12.90 1/2 to $13 1/2, down 46 cents. Kansas City wheat prices April 22, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $9.56 to $10.66, down 3 1/2 to up 6 1/2 cents; 12% protein, $10.66 to $10.91, up 6 1/2 to 11 1/2 cents; 13% protein, $10.76 to $11.51, up 6 1/2 to down 3 1/2 cents; 14% protein, $11.56 to $11.71, down 3 1/2 cents. U.S. No. 2 soft red winter wheat was $8.76 to $9.11, down 3 1/2 cents. U.S. No. 2 white corn was $5.70 to $5.90, unchanged. 4/28/08 Date: 4/22/08 Advertisement
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