Malatya Haber Soybeans, wheat close higher
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Soybeans, wheat close higher

Soybeans and wheat closed higher while corn closed lower as grain contracts continue to position ahead of the March 28 U.S. Department of Agriculture’s Quarterly Stocks and Plantings Report, according to the National Grain Market Summary, March 26.

Corn gave back a portion of the March 25 gains as buying and selling was limited ahead of the March 28. Soybeans had renewed buying interest on both old and new crop beans as demand remains good. Wheat climbed higher on cold temperatures and positioning ahead of the report.

Wheat closed 5 to 10 cents higher. Corn traded 2 to 6 cents lower. Soybeans closed 10 to 14 cents higher.

In the futures close, Kansas City May wheat was $7.68 1/2, up 9 1/2 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7.39 to $7.44, up 10 cents; Minneapolis, $8.50 1/2, up 5 1/4 cents; Portland, $8.40 to $8.55, unchanged; St. Louis, $7.52, up 5 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.78, down 3 cents; Minneapolis, $7.22 1/2, down 3 cents; southern Iowa, $7.43 3/4 to $7.50 1/4, down 2 to up 1 cent; Omaha, $7.56 to $7.63, down 3 to 6 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.95, up 11 cents; Minneapolis, $14.41 3/4, up 10 1/2 cents; southern Iowa, $14.57 3/4 to $14.65 3/4, up 10 1/2 cents; central Illinois processors, $14.81 3/4 to $14.97 3/4, up 14 1/2 to 10 1/2 cents.

Kansas City wheat prices March 26, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $8.28 1/2 to $8.88 1/2, up 9 1/2 to 4 1/2 cents; 12% protein, $8.78 1/2 to $8.93 1/2, up 9 1/2 cents; 13% protein, $8.83 1/2 to $9.18 1/2, up 9 1/2 cents; 14% protein, $9.13 1/2 to $9.28 1/2, 9 1/2 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $7.67 to $7.75, unchanged.

Date: 4/1/2013



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