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Wheat bids pressured by exportsGrain bids were lower, while soybeans were moderately higher Aug. 25, according to the National Grain Market Summary. Wheat was pressured by slow export demand. Corn bids decline on rain forecasted for later in the week. Soybeans were higher despite the sell off in neighboring pits. Wheat was mostly 22 to 36 cents lower. Corn was 5 to 7 cents lower. Sorghum had no comparison. Soybeans were mostly 20 cents higher. Grains inspected for export for week ending Aug. 21: Wheat totaled 23.7 million bushels, down 13.5 million bushels; corn 30.6 million bushels, down 13.8 million bushels; sorghum 4.2 million bushels, up 1.9 million bushels and soybeans 7.7 million bushels, up 1.7 million bushels compared to a week ago. Year to date: Wheat totaled 289.4 million bushels up 17.5 million; corn 2291.5 million up 283.7 million; sorghum 266.5 million bushels up 121.5 million and soybeans 1103.9 million bushels up 10.2 million. Crop marketing years begin June 1 for wheat and Sept. 1 for corn, sorghum, and soybeans. In the futures close, Kansas City September wheat was $8.77 3/4, down 22 1/4 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $8.48, down 22 cents; Minneapolis, $9.24, down 23 1/2 cents; Portland, $8.10 to $8.50, down 5 to unchanged; St. Louis, $5.89, down 36 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $5.62, down 7 cents; Minneapolis, $5.35 1/4, down 6 1/4 cents; southern Iowa, $5.39 1/4 to $5.46 1/4, down 6 1/4 to 5 1/4 cents; Omaha, $5.60 to $5.64, down 7 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $13.72, up 20 cents; Minneapolis, $12.65, up 20 cents; southern Iowa, $13.13 to $13.30, up 20 cents; central Illinois processors, $13.42 to $13.52, up 20 cents. Kansas City wheat prices Aug. 26, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $8.48 3/4 to $9.01 3/4, down 12 cents; 12% protein, $8.90 3/4 to $9.10 3/4, down 13 to 15 cents; 13% protein, $9 3/4 to $9.18 3/4, down 15 cents; 14% protein, $9.05 3/4 to $9.20 3/4, down 15 cents. U.S. No. 2 soft red winter wheat was $9.60 3/4 to $7.80 3/4, down 12 cents. U.S. No. 2 white corn was $6.18 to $6.39, unchanged. 9/1/08 Date: 8/26/08 Advertisement
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