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Corn, soybeans lower while wheat has gains


Corn and soybeans closed lower with wheat closing with slight gains, according to the National Grain Market Summary, Sept. 17.

The U.S. Department of Agriculture again lowered weekly crop ratings and slight revision in Farm Service Agency’s prevented acres failed to move the market higher Sept. 17 as rain fell through out parts of the western Corn Belt early Sept. 17.

Wheat closed mostly 2 to 6 cents higher. Corn traded mostly 2 1/2 cents lower. Soybeans closed mostly 5 to 10 cents lower.

In the futures close, Kansas City December wheat was $6.90 1/4, up 1/2 cent.

Terminal wheat bids, paid for truck delivery, included Kansas City, $6.85 1/4 to %6.90 1/4, up 1/2 cent; Minneapolis, $7.49 1/2, down 2 1/4 cents; Portland, $7.03 to $7.18, down 2 to 7 cents; St. Louis, $6.18, up 2 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $4.84, down 2 1/2 cents; Minneapolis, $4.14, down 2 1/2 cents; southern Iowa, $4.34 to $4.43, down 2 1/2 cents; Omaha, $4.99 to $5.09, up 17 to 7 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.77 1/2, down 5 3/4 cents; Minneapolis, $13.16 1/2, down 5 3/4 cents; southern Iowa, $13.32 1/2 to $13.75, down 5 3/4 to 6 1/4 cents; central Illinois processors, $14.02 1/2 to $14.17 1/2, down 20 3/4 to 10 3/4 cents.

Kansas City wheat prices Sept. 17, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.76 1/4 to $7.95 1/4, up 1/2 cent; 12% protein, $7.85 1/4 to $8 1/4, up 1/2 cent; 13% protein, $7.90 1/4 to $8.10 1/4, up 1/2 cent; 14% protein, $8 1/4 to $8.10 1/4, up 1/2 cent. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $4.89 to $5.03, down 1 to up 6 cents.

Date: 9/23/2013



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