Cash bids for corn, wheat mostly higher

Compared to July 2, cash bids for corn and wheat were mostly higher, soybeans were mixed, while sorghum had no comparison, according to the National Grain Market Summary, July 3.

Traders have their eyes set on July 6 to see how the trade dispute shakes out as China is expected to enact it 25 percent tariff on U.S. soybeans then. Weather risk is still at play in the wheat market as crop problems are gaining more attention globally.

Wheat was steady to 13 1/4 cents higher. Corn was 3 to 11 cents higher. Soybeans were from 5 1/2 cents lower to a 1/2 cent higher. Sorghum had no comparison.

In the futures close, Kansas City September wheat was $4.84, up 13 1/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $5.14, up 13 1/4 cents; Minneapolis, $5.75 1/4, up 8 1/4 cents; Portland, $5.80 to $5.90, unchanged; St. Louis, $5.01 to $5.16, up 11 to 6 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.43, up 5 cents; Minneapolis, $3.05, up 5 cents; southern Iowa, $3.24 to $3.28, up 3 to 6 cents; Omaha, $3.31 to $3.37, up 8 to 11 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $8.38 to $8.43, down 5 1/2 cents; Minneapolis, $7.99, down 5 1/2 cents; southern Iowa, $8.20 to $8.26, down 4 1/2 to 5 1/2 cents; central Illinois processors, $8.34 to $8.54, up 1/2 to 5 1/2 cents.

Kansas City wheat prices July 3, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.61 to $5.76, up 13 1/4 cents; 12% protein, $6.26 to $6.41, up 13 1/4 cents; 13% protein, $6.46 to $6.61, up 13 1/4 cents; 14% protein, $6.51 to $6.66, up 13 1/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $3.52 1/2 to $3.56 1/2, up 3 3/4 to 7 3/4 cents.