0723_grainmktsummaryMR_ko.cfm Malatya Haber Soybeans close with sharp losses
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Soybeans close with sharp losses

Soybeans closed with sharp losses while corn closed with solid losses and wheat closed with modest losses July 23, according to the National Grain Market Summary.

Rains in Iowa, Nebraska and Kansas July 22 and 23 with more chances of rain for the next couple of days boosted crop conditions with the aid of lower temperatures pressured the market. Soybeans also had sharply lower basis changes in many areas.

Wheat closed 3 to 6 cents lower. Corn traded mostly 11 to 18 cents lower. Soybeans closed 65 to 125 lower.

In the futures close, Kansas City September wheat was $6.99, down 3 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $6.99 to $7, down 3 cents; Minneapolis, $7.84, down 2 3/4 cents; Portland, $7.03 3/4 to $7.28 3/4, down 6 to 1 cents; St. Louis, $6.72, down 6 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.03, down 13 to 18 cents; Minneapolis, $6.62 1/2, down 7 1/4 cents; southern Iowa, $6.62 1/2 to $6.72 1/2, down 24 1/4 to 18 1/4 cents; Omaha, $6.80 to $6.93, down 18 to 11 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $15.50 to $15.55, down 70 to 65 cents; Minneapolis, $14.62 1/2, down 82 3/4 cents; southern Iowa, $17.74 1/2 to $14.94, down 125 3/4 to 118 3/4 cents; central Illinois processors, $15.32 1/2 to $15.52 1/2,down 77 3/4 to 87 3/4 cents.

Kansas City wheat prices July 23, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.94 to $8.54, down 3 to up 14 cents; 12% protein, $8.22 to $8.54, down 3 to up 14 cents; 13% protein, $8.14 to $8.29, down 3 cents; 14% protein, $8.14 to $8.29, down 3 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $6.62 to $6.75, down 17 to 7 cents.

Date: 7/29/2013



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