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Grain, soybean bids mixed

Grain and soybean bids were mixed, according to the National Grain Market Summary, June 25.

Corn saw declines from good growing conditions, while wheat was pressured by the ongoing harvest. Soybeans posted double digit gains as cash basis were up again, along with planting delays in parts of the upper Midwest and western Corn Belt.

Wheat was mostly 3 to 11 cents lower. Corn was 17 cents lower to 6 cents higher. Sorghum was 3 cents lower. Soybeans were 13 to 21 cents higher.

In the futures close, Kansas City July wheat was $7.04 1/4, down 11 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7.14, down 11 cents; Minneapolis, $8.27 1/4, down 3 cents; Portland, unavailable; St. Louis, $6.83, down 4 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.24 to $7.27, down 1 cent to unchanged; Minneapolis, $6.62 3/4, down 17 1/2 cents; southern Iowa, $6.88 3/4 to $7.14 3/4, down 4 1/2 to up 3 1/2 cents; Omaha, $7.07 to $7.19, down 2 to up 6 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $15.84, up 18 cents; Minneapolis, $15.31 1/4, up 16 1/4 cents; southern Iowa, $15.48 1/4 to $15.68 1/4, up 13 1/4 cents; central Illinois processors, $15.79 1/4 to $15.84 1/4, up 17 to 13 cents.

Kansas City wheat prices June 25, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.89 1/4 to $8.48 1/4, down 11 cents; 12% protein, $8.35 1/4 to $8.50 1/4, down 11 cents; 13% protein, $8.41 1/4 to $8.57 1/4, down 11 cents; 14% protein, $8.42 1/4 to $8.57 1/4, down 11 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $7.21 to $7.30, unchanged.

Date: 7/1/2013



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