|
|
Grains see higher pricesAccording to the National Grain Market Summary, Feb. 4, a strong bullish train of momentum keeps the grain prices speeding higher as continued strength at the Minneapolis exchange on wheat closed sharply higher supporting the Chicago Board of Trade and Kansas City Board of Trade wheat as well. Corn also continued its higher prices as it rode along with wheat, strong export demand and fund buying also supported corn. Soybeans were supported by the wheat market along with higher crude oil prices and strength in soy oil. Wheat closed 30 to 32 cents higher. Corn traded 8 to 12 cents higher. Soybean closed 33 to 39 cents higher. Grains inspected for export for week ending Jan. 31: Wheat totaled 16.6 million bushels, down 7.9 million bushels; corn 47.7 million bushels, down 13.5 million bushels; sorghum 8.2 million bushels, down 600 thousand bushels and soybeans 25.2 million bushels, down 3.5 million bushels compared to a week ago. Year to date: Wheat totaled 886.0 million bushels up 305.8 million; corn 1074.1 million bushels up 162.2 million; sorghum 155.4 million bushels up 89.4 million and soybeans 585.9 million bushels down 63.8 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 $10.20 1/4, up 30 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $9.75, up 30 cents; Minneapolis, $14.74, up 30 cents; Portland was unavailable; St. Louis, $9.13, up 32 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $4.99 to $5.01, up 12 cents; Minneapolis, $4.77 1/2, up 10 cents; southern Iowa, $4.80 1/2 to $4.83 1/2, up 8 to 9 cents; Omaha, $4.86 to $4.89, up 10 to 9 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $12.41, up 39 cents; Minneapolis, no bids; southern Iowa, $12.51 to $12.56, up 38 3/4 cents; central Illinois processors, $12.86 to $12.96, up 38 3/4 cents. Kansas City wheat prices Feb. 5, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $10.67 1/4 to $12.25 1/4, up 33 to up 55 cents; 12% protein, $12.35 1/4 to $12.90 1/4, up 55 cents; 13% protein, $12.85 1/4 to $13.40 1/4, up 55 cents; 14% protein, $13.40 1/4 to $13.55 1/4, up 55 cents. U.S. No. 2 soft red winter wheat was $10.55 1/4 to $10.90 1/4, up 30 cents. U.S. No. 2 white corn was $4.72 to $4.80, unchanged. 2/11/08 Date: 2/5/08
Copyright/Privacy
Copyright 1995-2012. High Plains Publishers, Inc. All rights reserved. Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com |
|
