0506_grainmksummaryMR_ko.cfm Corn, wheat have solid gains
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Corn, wheat have solid gains


Corn and wheat again had solid gains May 6 as planting delays in the north central United States have 29 percent of the total corn crop planted, according to the National Grain Market Summary.

Drought in the southwestern Plains and the ongoing conflict in the Ukraine help to support prices. Soybeans had slight to modest losses, but old-crop supplies remain tight.

Wheat closed 10 1/2 to 13 3/4 cents higher. Corn traded 9 1/2 to 11 1/2 cents higher. Soybeans closed mostly 1 3/4 to 4 3/4 cents lower.

In the futures close, Kansas City July wheat was $8.45 3/4, up 13 3/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $8.41 3/4, up 13 3/4 cents; Minneapolis, $8.39 3/4, up 10 1/2 cents; Portland, $7.90 to $8.09, up 10 cents to unchanged; St. Louis, $7.39 to $7.50.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $5.13 1/2 to $5.15 1/2, up 10 1/2 to 11 1/2 cents; Minneapolis, $4.90 1/2, up 9 1/2 cents; southern Iowa, $5.11 1/2 to $5.16, up 9 1/2 to 9 cents; Omaha, $5.03 to $5.04, up 11 to 10 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $15.04 1/2, down 3/4 cent; Minneapolis, $14.31 1/2, down 8 3/4 cents; southern Iowa, $14.57 1/2 to $14.68, down 4 3/4 to 1 1/4 cents; central Illinois processors, $14.78 1/2 to $15.09 1/2, down 1 3/4 to 3 3/4 cents.

Kansas City wheat prices May 6, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $9.41 3/4 to $9.83 3/4, up 13 3/4 cents; 12% protein, $9.71 3/4 to $9.83 3/4, up 13 3/4 cents; 13% protein, $9.35 3/4 to $9.71 3/4, up 2 3/4 to 13 3/4 cents; 14% protein, $9.35 3/4 to $9.45 3.4, up 2 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $4.92 to $5.09, up 1 to 10 cents.

Date: 5/12/2014



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