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Wheat prices higher, corn trade light

Grain and soybean bids closed sharply higher July 20, according to the National Grain Market Summary.

Wheat closed slightly higher at the close as wheat stocks are in very good shape around the globe. Corn was slightly lower as trade volume was light. The weather pattern is non threatening and yield potential higher than expected.

Wheat closed unchanged to 4 cents higher. Corn traded mostly 1-3 cents higher. Soybeans closed 9-23 cents higher.

In the futures close, Kansas City Sept. wheat was $5.71, up 4 1/2 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, 5.46, up 4 cents; Minneapolis, 6.23 1/4, down 8 cents; Portland, 5.35 to 5.45, unchanged to up 5 cents; St. Louis, 4.32 unchanged.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck delivery, included: Kansas City, 3.04 to 3.09, up 1 cent; Minneapolis, $3.18 1/4, up 1 cent; southern Iowa, $331 1/4 to 3.33 3/4, down 2 cents; Omaha, $3.02 to $305, up 1 to 3 cents.

Terminal soybean bids, U.S. No. 1 yellow, Kansas City, $10.03 to $10.08, down 1 cent, Minneapolis, $10.34, up 23 1/2 cents; southern Iowa, $10.59 to 10.64, up 19 1/2 cents; central Illinois processors, $10.58 to $10.73, up 14 1/2 to 9 1/2 cents.

Kansas City wheat prices, July 21, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.40 to $5.75, up 2 cents; 12% protein, $5.67 to $6.10, up 2 cents to down 5 cents; 13% protein, $6.05 to $6.45, down 5 cents; 14% protein, $6.35 to $6.50, down 5 cents. U.S. soft red winter wheat was $4.85 to $5.30, unchanged; U.S. No. 2 white corn was $3.31 to $3.38, unchanged.

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