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Soybeans trading slightly lowerGrains bids were higher with soybeans trading slightly lower, Feb. 26, according to the National Grain Market Summary. Wheat was higher despite moisture in the winter wheat region. The higher corn spilled over into the wheat. Soybeans were pressured by the expected large South American crop which will be out soon. Wheat was mostly 1 to 8 cents higher. Corn was 6 to 13 cents higher. Sorghum was mostly 2 cents higher. Soybeans were 3 to 8 cents lower. In the futures close, Kansas City March wheat was $7.32 3/4, up 1 1/4 cents. Terminal wheat bids, paid for truck delivery, included Kansas City, $7.02, up 1 cents; Minneapolis, $8.19, up 7 cents; Portland, $8.45 to $8.56, unchanged to up 10 3/4 cents; St. Louis, $7.36, up 1 cents. Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.40, up 11 to up 6 cents; Minneapolis, $6.98, up 11 1/2 cents; southern Iowa, $7.07 to $7.20, up 11 1/2 cents; Omaha, $7.30 to $7.32, up 13 cents to up 8 cents. Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.82, down 3 cents; Minneapolis, no bid; southern Iowa, $14.52 1/4 to $14.62 3/4, down 5 cents to down 3 1/2 cents; central Illinois processors, $14.72 3/4 to $14.77 3/4, down 3 1/2 cents. Kansas City wheat prices Feb. 26, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $8.00 to $8.49, up 1 1/4 cents; 12% protein, $8.42 to $8.57, up 6 1/4 cents; 13% protein, $8.52 to $8.67, up 1 1/4 cents; 14% protein, $8.52 to $8.67, up 1 1/4 cents. U.S. No. 2 soft red winter wheat was, not available. U.S. No. 2 white corn was, $7.33 to $7.40, unchanged. Date: 3/4/2013
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