0212grainmktsummaryMRko.cfm Malatya Haber Grains close lower, soybeans bearish
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Grains close lower, soybeans bearish

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Grains closed lower Feb. 12 as the soybean market turned bearish, according to the National Grain Market Summary.

Soybeans were under pressure on follow through selling after last week's losses and supply and demand reports. Corn and wheat were under pressure due to spillover pressure from soybeans.

Wheat closed 9 to 11 cents lower. Corn traded 6 to 7 cents lower. Soybeans closed 19 to 21 cents lower.

Grains inspected for export for week ending Feb. 7: Wheat totaled 22.5 million bushels, up 7.2 million bushels; corn 14.5 million bushels, up 8.2 million bushels; sorghum 1.1 million bushels, down 2.0 million bushels and soybeans 30.2 million bushels, down 25.7 million bushels compared to a week ago.

Year to Date: Wheat totaled 622.5 down 71.1 million; corn 326.7 down 414.6 million; sorghum 40.2 million up 6.9 million, and soybeans 1037.8 up 240.4 million. Crop marketing years begin June 1 for wheat and Sept. 1 for corn, sorghum, and soybeans.

In the futures close, Kansas City July wheat was $7.88 3/4, down 11 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7.49 to $7.54, down 11 cents; Minneapolis, $8.46, down 10 1/4 cents; Portland, $8.55 to $8.61 1/2, up 8 to down 9 3/4 cents; St. Louis, $7.96, change unavailable.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.42, down 7 cents; Minneapolis, $6.91 3/4, down 5 3/4 cents; southern Iowa, $6.98 1/4 to $7.14 1/4, down 6 3/4 cents; Omaha, $7.24 to $7.30, down 7 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.67, down 21 cents; Minneapolis, no bids; southern Iowa, $14.29 1/2 to $14.33 1/2, down 21 to 19 cents; central Illinois processors, $14.57 1/2 to $14.71 1/2, down 21 cents.

Kansas City wheat prices Feb. 12, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $8.48 to $8.97, down 10 3/4 cents; 12% protein, $8.83 to $8.98, down 10 3/4 cents; 13% protein, $8.98 to $9.13, down 10 3/4 cents; 14% protein, $8.98 to $9.13, 10 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $7.51 to $7.59, unchanged.

Date: 2/18/2013



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