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AdvertisementGrain bids lower, soybeans higher ahead of USDA reportGrain bids were lower with soybeans trading higher ahead of the U.S. Department of Agriculture report June 30, according to the National Grain Market Summary, June 29. Wheat was pressure by favorable harvest weather in most of the soft red wheat areas. Corn was lower on fund selling. Wheat was mostly 8 to 20 cents lower. Corn was mostly 1 to 9 cents lower. Sorghum was 13 cents lower. Soybeans were mostly 5 to 20 cents higher. Weekly export inspections in wheat were below trade expectations coming in at 10.1 million bushels as compared to 13.5 million last week. Corn weekly export inspections were below trade expectations at 27.7 million bushels as compared to 42.6 million last week and soybeans were in line with trade expectations at 12.9 million bushels compared to 15.3 million last week. In the futures close, Kansas City July wheat was $5.81 1/2, down 8 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $5.62 to $5.67, down 8 cents; Minneapolis, $6.81 1/2, down 10 3/4 cents; Portland, $5.65 to $5.70, unchanged to down 3 cents; St. Louis, $4.44, down 20 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.62 to $3.67, down 7 cents; Minneapolis, $3.60, down 2 1/4 cents; southern Iowa, $3.77 to $3.78, down 1 1/4 to 7 1/4 cents; Omaha, $3.52 to $3.57, down 9 to 6 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $12, down 6 cents; Minneapolis, $12.09, up 20 cents; southern Iowa, $12.17 to $12.28, up 5 to 8 cents; central Illinois processors, $12.07 to $12.37, unchanged to up 9 cents. Kansas City wheat prices June 29, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.80 to $6.51, down 8 1/2 to 4 1/2 cents; 12% protein, $6.45 to $6.69, down 5 1/2 to 8 1/2 cents; 13% protein, $6.59 to $6.89, down 7 1/2 to 5 1/2 cents; 14% protein, $6.79 to $6.94, down 5 1/2 cents. U.S. No. 2 soft red winter wheat was $5.01 to $5.41, down 8 1/2 cents. U.S. No. 2 white corn was $3.96 to $4.04, down 4 to 10 cents. Advertisement
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