0709_grainmktsummaryMR_ko.cfm Most commodities see gains
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Most commodities see gains

New crop soybeans and corn closed with sharp gains with wheat prices closing with solid gains, according to the National Grain Market Summary, July 9.

Weather conditions for the most part have been favorable but with some hot dry weather moving in across the Corn Belt has some concerns for stressing corn and soybeans. Wheat closed higher on corns gain and strength in export demand.

Wheat closed mostly 14 to 15 cents higher. Corn traded 14 to 29 cents higher. Soybeans closed mostly 7 to 12 cents higher.

In the futures close, Kansas City September wheat was $7.03 3/4, up 14 3/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7.04 to $7.05, up 15 cents; Minneapolis, $8.13 3/4, up 7 3/4 cents; Portland, $7.27 1/2 to $7.47 1/2, up 19 1/2 cents; St. Louis, $6.87, up 14 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.07, up 29 to 27 cents; Minneapolis, $6.78 3/4, up 24 1/2 cents; southern Iowa, $6.92 1/2 to $7.01 3/4, up 24 1/2 to 16 1/2 cents; Omaha, $6.97, up 19 to 14 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $16.28, up 12 cents; Minneapolis, $16.06 1/4, up 14 3/4 cents; southern Iowa, $15.88 1/4 to $16.13 1/4, down 12 1/4 to 4 3/4 cents; central Illinois processors, $16.28 1/4 to $16.43 1/4, up 7 3/4 to 12 3/4 cents.

Kansas City wheat prices July 9, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.87 3/4 to $8.63 3/4, up 14 3/4 cents; 12% protein, $8.48 3/4 to $8.63 3/4, up 14 3/4 cents; 13% protein, $8.48 3/4 to $8.63 3/4, up 14 3/4 cents; 14% protein, $8.48 3/4 to $8.63 3/4, up 14 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $6.81 to $6.93, up 11 to 18 cents.

Date: 7/15/2013



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