0820_grainmarketsummaryMR_ko.cfm Malatya Haber Grains close lower after gains
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Grains close lower after gains


Grains closed lower Aug. 20 after the Aug. 19 strong gains, according to the National Grain Market Summary, Aug. 20.

The Pro-Farmer Tour is underway, and reporters saw good results in South Dakota corn crop with estimates of 161.7 bushels per acre and Ohio staying about the same at 172 bpa. Questions remain for the crop before its gets to the bin. Soybeans also were lower after extensive gains on Monday. Global wheat conditions remain good at this time.

Wheat closed 2 to 6 cents lower. Corn traded 4 to 14 cents lower. Soybeans closed 17 to 27 cents lower.

In the futures close, Kansas City September wheat was $6.96 3/4, down 6 1/2 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $6.97 to $7.02, down 6 cents; Minneapolis, $7.85, down 1/4 cent; Portland, $7.19 1/4 to $7.35, down 7 1/4 to 6 1/2 cents; St. Louis, $6.29, down 2 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $5.69, down 9 cents; Minneapolis, $5.78 3/4, down 8 1/2 cents; southern Iowa, $5.83 3/4 to $6.03 3/4, down 9 1/2 to 14 1/2 cents; Omaha, $6.09 to $6.14, down 4 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.14, down 17 cents; Minneapolis, $13.45 1/2, up 12 1/4 cents; southern Iowa, $13.50 1/2 to $13.94, down 27 3/4 to 17 1/4 cents; central Illinois processors, $14.30 1/2 to $14.60 1/2, down 17 3/4 to 22 3/4 cents.

Kansas City wheat prices Aug. 20, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.81 3/4 to $8.38 3/4, down 6 1/2 cents; 12% protein, $8.14 3/4 to $8.42 3/4, down 6 1/2 to 5 1/2 cents; 13% protein, $8.01 3/4 to $8.16 3/4, down 6 1/2 cents; 14% protein, $8.01 3/4 to $8.16 3/4, down 6 1/2 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $5.28 to $5.39, up 2 cents to unchanged.

Date: 8/26/2013



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