0211grainmktsummaryMR_blrsr.cfm Malatya Haber Soybeans, wheat see modest gains
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Soybeans, wheat see modest gains

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Soybeans and wheat closed with modest gains Feb. 11, according to the National Grain Market Summary.

Corn closed with slight losses. Since USDA’s report was bullish for corn, it seems to have lost some enthusiasm; even though stocks were lowered there remains plenty of corn. Wheat continues to build on its recent rally. Soybeans found buying interest late and closed with solid gains.

Wheat closed mostly 6 to 9 cents higher. Corn traded unchanged to 2 1/2 cents lower. Soybeans closed 9 1/4 to 13 1/4 cents higher.

In the futures close, Kansas City July wheat was $6.65 1/2, up 2 3/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $6.55, down 12 1/4 cents; Minneapolis, $7.23, up 9 3/4 cents; Portland, $7.09 to $7.20 1/4, up 4 to 5 1/4 cents; St. Louis, $6.15 to $6.30, up 6 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $4.41 1/2 to $4.46 1/2, down 1 1/2 cents; Minneapolis, $4.20 1/2 to $4.46 1/2, down 1 1/2 cents; southern Iowa, $4.31 to $4.37 1/2, down 1 1/2 to 2 1/2 cents; Omaha, $7.36 to $7.40, up 4 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $13.46 3/4, up 13 1/4 to 9 1/4 cents; Minneapolis, $12.84 3/4, up 9 1/4 cents; southern Iowa, $13.19 3/4 to $13.22 3/4, up 9 1/4 cents; central Illinois processors, $13.41 3/4 to $13.59 3/4, up 9 1/4 cents.

Kansas City wheat prices Feb. 11, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.65 to $8.24 up 2 3/4 cents; 12 percent protein, $8.15 to $8.25, up 2 3/4 cents; 13 percent protein, $7.90 to $8.25, up 2 3/4 cents; 14 percent protein, $8.40 to $8.50, up 2 3/4 cents. U.S. No. 2 soft red winter wheat was, NA. U.S. No. 2 white corn was $4.77 to $4.84 down 3 to 5 cents.

Date: 2/17/2014



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