0423_GrainmarketsummaryMR_ko.cfm Grain prices lower
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Grain prices lower

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Grain prices were lower April 23 as grain traders are looking at improving weather conditions after mid-week, according to the National Grain Market Summary.

The progress report April 22 showed 4 percent of the corn planted well below the 5 year average of 16 percent. Wheat still has dry conditions in southwest Kansas and cold temperatures in the forecast but seems to be ignoring these challenges at this time.

Wheat closed mostly 2 to 4 cents lower. Corn traded 5 to 7 cents lower. Soybeans closed mostly 4 to 6 cents higher.

In the futures close, Kansas City May wheat was $7.37 1/4, down 2 1/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7.12 to $7.17, down 3 to 2 cents; Minneapolis, $8.46, down 2 cents; Portland, $7.75 to $7.77 1/4, up 1/2 cent; St. Louis, $7.23, down 4 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $6.74 to $6.79, down 7 cents; Minneapolis, $6.24 1/2, down 9 1/4 cents; southern Iowa, $6.46 to $6.51 1/2, down 5 3/4 to 7 1/4 cents; Omaha, $6.70 to $6.72, down 7 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.52, up 5 cents; Minneapolis, $14.21 3/4, up 1/2 cent; southern Iowa, $14.35 3/4 to $14.55 3/4, up 6 1/2 to 2 1/2 cents; central Illinois processors, $14.63 1/2 to $14.68 1/2, up 4 1/4 to down 3/4 cents.

Kansas City wheat prices April 23, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $8.02 1/4 to $8.44 1/4, down 2 1/4 cents; 12% protein, $8.34 1/4 to $8.62 1/4, down 1/4 to 2 1/4 cents; 13% protein, $8.52 1/4 to $8.87 1/4, down 2 1/4 cents; 14% protein, $8.82 1/4 to $8.97 1/4, down 2 1/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $6.84 to $6.93, unchanged.

Date: 4/29/2013



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