Corn, sorghum, soybean cash bids higher
Compared to Jan. 12, cash bids for wheat were lower, corn, sorghum, and soybeans were higher, according to the National Grain Market Summary, Jan. 16.
March soybeans closed 7 1/2 cents higher, support came from a higher soybean meal market as well as the Jan. 12 WASDE report. USDA said last week’s export inspections totaled 23 million bushels of corn, and 45.2 million bushels of soybeans.
Corn was 2 cents higher. Sorghum was 3 1/2 cents higher. Soybeans were mostly 7 1/2 cents higher. Wheat was mostly 4 cents higher.
In the futures close, Kansas City March wheat was $4.22, down 4 1/4 cents.
Terminal wheat bids, paid for truck delivery, included Kansas City, $4.12, down 4 1/4 cents; Minneapolis, $6.26 1/2, down 1 1/4 cents; Portland, $5.16 1/2 to $5.30, down 4 to 3 cents; St. Louis, $4.16 to $4.26, down 4 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.35 1/4, up 2 cents; Minneapolis, unavailable; southern Iowa, $3.23 1/4 to $3.34 1/4, up 2 cents; Omaha, $3.26 to $3.32, up 2 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $9.23 to $9.28, up 7 1/2 cents; Minneapolis, unavailable; southern Iowa, $9.28 to $9.32, up 7 1/2 cents; central Illinois processors, $9.50 to $9.60, up 7 1/2 cents.
Kansas City wheat prices Jan. 16, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.07 to $5.22, down 4 1/4 cents; 12% protein, $6.22 to $6.37, down 9 1/4 cents; 13% protein, $6.77 to $6.92, down 4 1/4 cents; 14% protein, $6.92 to $7.07, down 4 1/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.
