0805_grainmktsummaryMR_ko.cfm Malatya Haber Soybeans, corn close lower
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Soybeans, corn close lower

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Soybeans and corn closed lower as rain is in the five day forecast across the Midwest with a wider path than first expected, according to the National Grain Market Summary, Aug. 5.

Wheat is finding support from rains slowing the European wheat harvest.

Wheat closed mostly 3 1/2 to 8 cents higher. Corn traded 1 1/2 to 3 1/2 cents lower. Soybeans closed 13 3/4 to 28 3/4 cents lower.

In the futures close, Kansas City September wheat was $6.42 3/4, up 4 1/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $6.37 3/4 to $6.42 3/4, up 39 cents; Minneapolis, $6.89 1/4, up 5 3/4 cents; Portland, $6.92 1/2 to $7.10 1/2, up 3 1/2 to 6 1/2 cents; St. Louis, $5.04 to $5.42, up 8 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.56 14 to $3.63 1/4, down 2 1/2 cents; Minneapolis, $3.34 1/4, down 1 1/2 cents; southern Iowa, $3.58 1/4 to $3.67 3/4, down 3 1/2 to 4 1/2 cents; Omaha, $3.41, down 3 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $12.50 3/4, down 28 3/4 cents; Minneapolis, $11.76 3/4, down 13 3/4 cents; southern Iowa, $11.75 3/4 to $12.40 3/4, down 13 3/4 to 27 3/4 cents; central Illinois processors, $12.25 3/4 to $12.65 3/4, down 18 3/4 to 13 3/4 cents.

Kansas City wheat prices Aug. 5, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.32 3/4 to $7.72 3/4, up 4 1/4 to down 3/4 cent; 12% protein, $7.62 3/4 to $7.77 3/4, down 3/4 cent; 13% protein, $7.52 3/4 to $7.62 3/4, down 3/4 cent; 14% protein, $7.47 3/4 to $7.57 3/4, down 3/4 cent. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.

Date: 8/11/2014



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