0507_grainmktsummaryMR_ko.cfm Malatya Haber Grains, soybean bids higher after sharp losses
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Grains, soybean bids higher after sharp losses

Grain and soybean bids traded higher May 7 after sharp losses the day before, according to the National Grain Market Summary.

Soybeans led the way posting double digit gains on good crush demand and firm cash basis. Corn was higher on strong ethanol demand. The crop progress reported show 12 percent of the corn planted which is the slowest since 1984.

Wheat was steady to 6 cents higher. Corn was mostly 1 to 5 cents higher. Sorghum was 6 cents higher. Soybeans were mostly 13 to 20 cents higher.

In the futures close, Kansas City July wheat was $7.58, up 1 1/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7.50, up 1 cent; Minneapolis, $8.44 3/4, up 4 cents; Portland, $7.55 to $7.69, unchanged to up 6 1/4 cents; St. Louis, $7.29, up 13 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7, up 3 cents; Minneapolis, $6.60, up 5 1/2 cents; southern Iowa, $6.76 to $6.86, up 1 to 5 1/2 cents; Omaha, $6.95 to $6.96, up 3 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.82, up 13 cents; Minneapolis, $14.40 1/4, up 13 cents; southern Iowa, $14.55 1/4 to $14.72 1/4, up 17 to 20 cents; central Illinois processors, $14.92 1/4 to $15.07 1/4, up 13 cents.

Kansas City wheat prices May 7, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $8.29 to $8.69, up 1 1/4 to 2 1/4 cents; 12% protein, $8.58 to $8.83, up 1 1/4 cents; 13% protein, $8.79 to $8.98, up 1 1/4 to 7 3/4 cents; 14% protein, $8.83 to $8.98, down 7 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $6.93 to $7.12, unchanged.

Date: 5/13/2013



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