Malatya Haber Grains close lower
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Grains close lower


Grains closed lower Sept. 24 as outside markets offered little support with the dollar closing higher, according to the National Grain Market Summary.

Corn closed with slight losses as harvest is expected to be near 40 percent completed with good harvest weather. Soybeans had double-digit losses as better than expected yields are weighing on the market as harvest pace is expected to near 20 percent completed. Wheat closed lower at all three exchanges with rain in the forecast in the western plains and the higher dollar pressuring wheat.

Wheat closed 13 to 17 cents lower. Corn traded mostly 3 to 4 cents lower. Soybeans closed mostly 11 to 17 cents lower.

Grains inspected for export for week ending Sept. 20: Wheat totaled 22.4 million bushels, down 7.0 million bushels; corn 24.2 million bushels, down 4.1 million bushels; sorghum 4.6 million bushels, up 3.6 million bushels and soybeans 12.1 million bushels, up 2.1 million bushels compared to a week ago.

Year to date: Wheat totaled 331.0 down 41.0 million; corn 61.9 down 20.6 million; sorghum 5.9 million down 400 thousand, and soybeans 34.8 up 200 thousand. Crop marketing years begin June 1 for wheat and Sept 1 for corn, sorghum, and soybeans.

In the futures close, Kansas City December wheat was $9.13 1/2, down 13 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $8.62 to $8.66, down 13 cents; Minneapolis, $9.40 1/2, down 7 1/4 cents; Portland, $8.70 to $8.87, down 10 to 1/4 cents; St. Louis, $8.57, down 17 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.50 to $7.53, down 3 cents; Minneapolis, $6.93 3/4, down 4 1/2 cents; southern Iowa, $7.15 3/4 to $7.21 3/4, unchanged to down 3 1/2 cents; Omaha, $7.34 to $7.36, down 3 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $16.10, down 17 cents; Minneapolis, $15.68, down 11 1/2 cents; southern Iowa, $15.82 to $15.87, down 10 3/4 to 11 3/4 cents; central Illinois processors, $16.17 to $16.30, down 11 3/4 to 26 3/4 cents.

Kansas City wheat prices Sept 25, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $9.36 to $9.82, down 2 1/4 cents; 12% protein, $9.88 to $10.06, down 1/4 to 2 1/4 cents; 13% protein, $9.91 to $10.06, down 2 1/4 cents; 14% protein, $9.91 to $10.06, down 2 1/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $8.47 to $8.60, unchanged.

Date: 10/1/2012



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