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Soybeans have sharp lossesSoybeans saw sharp losses due to a bearish U.S. Department of Agriculture report Sept. 28 and better than expected yields in parts of the Corn Belt. Wheat also posted losses in reaction to the lower soybeans and moisture in some of the dry areas of southern plains. Corn bids ended mixed finding support from a lower dollar. Wheat was mostly 16 to 21 cents lower. Corn was 3 cents lower to 17 cents higher. Sorghum was 1 cent higher. Soybeans were 40 to 56 cents lower. In the futures close, Kansas City July wheat was $9.07, down 20 1/2 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $8.57 to $8.62, down 21 cents; Minneapolis, $9.47 1/2, down 16 cents; Portland, $8.69 1/4 to $8.89 1/4, up 4 1/4 to down 18 1/4 cents; St. Louis, $8.50, down 18 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.69, up 1 cent; Minneapolis, $7.04 3/4, down 3 1/2 cents; southern Iowa, $7.21 3/4 to $7.40 3/4, up 5 1/2 to 7 1/2 cents; Omaha, $7.55 to $7.59, up 5 to 3 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $15.60, down 56 cents; Minneapolis, $15.15 1/4, down 45 3/4 cents; southern Iowa, $15.05 1/4 to $15.28 1/4, down 52 3/4 to 40 3/4 cents; central Illinois processors, $15.60 1/4 to $15.75 1/4, down 40 3/4 to 50 3/4 cents. Kansas City wheat prices Oct. 2, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $9.17 1/4 to $9.77 1/4, down 14 3/4 cents; 12% protein, $9.72 1/4 to $9.89 1/4, down 14 3/4 cents; 13% protein, $9.77 1/4 to $9.92 1/4, down 14 3/4 cents; 14% protein, $9.77 1/4 to $9.92 1/4, down 14 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $8.63 to $8.77, unchanged. Date: 10/8/2012
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