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Financial concerns push commodity bids higherFear of financial concerns and bail outs have investors turning back to the commodity markets as soybeans closed sharply higher going back over $12 for November, with corn and wheat moderately higher as solid outside market support was evident, according to the National Grain Market Summary, Sept. 22. Energy and precious metals were all sharply higher as the dollar was lower. Wheat closed 15 to 19 cents higher. Corn traded 15 to 22 cents higher. Soybeans closed 51 to 66 cents higher. In the futures close, Kansas City December wheat was $7.744, up 17 1/2 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $4.24, up 17 cents; Minneapolis, $7.88 1/2, up 13 1/2 cents; Portland, $6.20 to $6.65, unchanged to up 15 cents; St. Louis, $5.38, up 15 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $5.44, up 22 cents; Minneapolis, $4.85 1/2, up 16 1/4 cents; southern Iowa, $5.06 1/2 to $5.11 1/2, up 19 1/4 to 11 1/4 cents; Omaha, $5.42 to $5.44, up 15 to 17 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $12.40, up 51 cents; Minneapolis, $11.15, up 61 1/2 cents; southern Iowa, $11.57, up 66 1/2 to 61 1/2 cents; central Illinois processors, $11.70 to $12, up 56 1/2 to 46 1/2 cents. Kansas City wheat prices Sept. 23, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.44 1/2 to $7.90 1/2, up 7 1/2 to 9 1/2 cents; 12% protein, $7.78 1/2 to $8.05 1/2, up 9 1/2 to 11 1/2 cents; 13% protein, $7.96 1/2 to $8.11 1/2, up 14 1/2 to 10 1/2 cents; 14% protein, $8 1/2 to $8.15 1/2, up 7 1/2 cents. U.S. No. 2 soft red winter wheat was $5.83 1/2 to $6.73 1/2, up 7 1/2 cents. U.S. No. 2 white corn was $5.73 to $5.83, unchanged. 9/29/08 Date: 9/23/08
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