Cash bids for wheat mostly lower

Compared to July 17, cash bids for wheat were mostly lower, corn, soybeans, and sorghum were mostly higher, according to the National Grain Market Summary, July 18.

The U.S. Department of Agriculture said last week’s ethanol production totaled 1.064 million barrels per day, 31,000 higher than the week prior. Ethanol stocks have dropped 625,000 barrels from the previous week.

Wheat was mostly 3 cents lower. Corn was mostly 1 cent higher. Soybeans were mostly 2 3/4 cents higher. Sorghum was 2 1/4 cents higher.

In the futures close, Kansas City September wheat was $4.87 3/4, down 3 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $5.17 3/4, down 3 cents; Minneapolis, $5.58, down 5 1/4 cents; Portland, $5.80 to $5.90, unchanged; St. Louis, $5.01 to $5.19, down 3 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.55 1/4, up 4 cents; Minneapolis, $3.05 1/4, up 1 cent; southern Iowa, $3.20 1/4 to $3.25 1/4, up 2 to 4 cents; Omaha, $3.20 to $3.31, up 1 cent.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $8.37 1/4 to $8.42 1/4, up 2 3/4 to 7 3/4 cents; Minneapolis, $7.90 1/4, up 2 3/4 cents; southern Iowa, $8.09 1/4 to $8.13 1/4, up 3/4 to 1 3/4 cents; central Illinois processors, $8.27 1/4 to $8.52 1/4, up 4 3/4 to down 7 1/4 cents.

Kansas City wheat prices July 18, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.72 3/4 to $5.87 3/4, down 3 cents; 12% protein, $6.23 3/4 to $6.38 3/4, down 3 cents; 13% protein, $6.33 3/4 to $6.48 3/4, down 7 cents; 14% protein, $6.43 3/4 to $6.58 3/4, down 7 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $3.56 to $3.59, up 1 3/4 to 1/4 cent.