0924_grainmktsummaryMR_ko.cfm Malatya Haber Wheat, soybeans close higher
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Wheat, soybeans close higher

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Wheat was the leader Sept. 24 with soybeans closing higher and corn closing lower on light trade volume, according to the National Grain Market Summary.

Corn continues to see early harvest pressure and better than expected yields. Soybeans could not hold on to their early gains but managed to close with small gains. Weather is expected to remain favorable the rest of the week for harvest as crop maturity will be closely watched.

Wheat closed 5 to 9 cents higher. Corn traded with some sharp losses as basis levels are being adjusted for new crop corn. Soybeans closed 4 to 7 cents higher.

In the futures close, Kansas City December wheat was $7.05, up 7 1/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7 to $7.05, up 7 1/4 cents; Minneapolis, $7.45, up 6 1/4 cents; Portland, $6.95 to $7.08 14, down 8 3/4 to up 4 1/2 cents; St. Louis, $6.43, up 5 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $4.68 3/4, down 34 1/2 cents; Minneapolis, $4.15 3/4, down 5 1/2 cents; southern Iowa, $4.27 3/4 to $4.33 3/4, down 2 to 1 1/2 cents; Omaha, $4.44 to $4.64, down 44 to 29 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $12.82 1/2 to $12.87, up 4 3/4 cents; Minneapolis, $12.80 1/2, up 4 3/4 cents; southern Iowa, $12.94 1/2 to $13.13, up 4 3/4 to 7 1/4 cents; central Illinois processors, $13.42 1/2 to $13.47 1/2, down 1/4 cents.

Kansas City wheat prices Sept. 24, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.91 to $8.10, up 7 1/4 cents; 12% protein, $8 to $8.15, up 7 1/4 cents; 13% protein, $8.13 to $8.25, up 7 1/4 cents; 14% protein, $8.15 to $8.25, up 7 1/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $4.83 to $4.89, down 1 cent.

Date: 9/30/2013



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