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Soybeans end day lowerSoybeans were sharply lower and had corn on the defensive, but sharply higher wheat helped pull corn up as the day went on, according to the National Grain Market Summary, July 13. Wheat closed higher on fund buying as a lower dollar and higher stock market were positive factors. July corn closed sharply higher, possibly hoping to shake lose farmer selling as low level $3 corn is not producing much selling, with new crop corn slightly higher. Soybeans closed were lower on fund selling. Wheat closed 18 to 24 cents higher. Corn traded 4 to 7 cents higher. Soybeans closed mostly 15 to 45 cents lower. In the futures close, Kansas City September wheat was $5.21, up 23 1/2 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $5.41 to $5.46, up 23 cents; Minneapolis, $6.46 1/4, up 18 1/2 cents; Portland, $5.45 to $5.55, unchanged to up 6 cents; St. Louis, $4.36, up 24 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.15 to $3.20, up 4 cents; Minneapolis, $3.26 3/4, up 5 1/2 cents; southern Iowa, $3.43 3/4 to $3.46 1/4, up 7 1/2 to 5 cents; Omaha, $3.08 to $3.09, up 4 to 5 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $10.47 to $10.52, down 15 cents; Minneapolis, $10.55 1/2, down 22 1/4 cents; southern Iowa, $10.49 to $10.56, down 45 3/4 to 50 3/4 cents; central Illinois processors, $10.78 1/2 to $10.96 1/2, down 13 1/2 to 10 1/2 cents. Kansas City wheat prices July 13, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.33 to $5.83, down 14 to 23 cents; 12% protein, $5.78 to $6.33, down 23 to 13 cents; 13% protein, $6.28 to $6.63, down 13 to 8 cents; 14% protein, $6.50 to $6.65, down 8 cents. U.S. No. 2 soft red winter wheat was $4.73 to $5.18, down 13cents. U.S. No. 2 white corn was $3.34 to $3.49, unchanged.
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