Cash bids end day mostly higher

Compared to Aug. 13, cash bids for wheat, corn, soybeans, and sorghum were mostly higher, according to the National Grain Market Summary, Aug. 14.

In spite of this year’s record soybean crop estimate from USDA, U.S. new-crop soybean sales are already up 55 percent from a year ago. Wheat prices have been volatile and sensitive to weather changes, but USDA is expecting the world’s lowest amount of exportable ending wheat stocks in 11 years. In spite of recent losses, the trends for all three U.S. wheats remain up.

Wheat was steady to 8 cents higher. Corn was 2 3/4 to 11 3/4 cents higher. Soybeans were 11 to 18 cents higher. Sorghum was 10 3/4 cents higher.

In the futures close, Kansas City September wheat was $5.45 3/4, up 5 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $5.75 3/4, up 5 cents; Minneapolis, $5.68 1/4, up 3 1/2 cents; Portland, $6.15, up 5 cents to unchanged; St. Louis, $5.37 to $5.41, up 8 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.54 1/4 to $3.57 1/4, up 2 3/4 to 4 3/4 cents; Minneapolis, $3.10 1/4, up 7 3/4 cents; southern Iowa, $3.32 1/4 to $3.38 1/4, up 11 3/4 to 4 3/4 cents; Omaha, $3.32 to $3.35, up 3 to 5 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $8.44 3/4 to $8.49 3/4, up 11 cents; Minneapolis, $7.95 3/4, up 16 cents; southern Iowa, $8.15 3/4 to $8.25 3/4, up 18 to 12 cents; central Illinois processors, $8.38 3/4 to $8.59 3/4, up 11 cents.

Kansas City wheat prices Aug. 14, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $6.30 3/4 to $6.45 3/4, up 5 cents; 12% protein, $6.60 3/4 to $6.75 3/4, up 5 cents; 13% protein, $6.70 3/4 to $6.85 3/4, up 5 cents; 14% protein, $6.70 3/4 to $6.85 3/4, up 5 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $3.66 1/2 to $3.73, up 4 1/2 to 5 cents.