Corn bids higher, others lower
Compared to last week, cash bids for corn were higher, while soybeans, wheat and sorghum were lower, according to USDA reported prices, June 1.
For the week ending May 27, an increase of 303,055 metric tons of corn inspected and weighed for export was reported while a decrease of 29,886 metric tons of soybeans were inspected and weighed. Wheat inspected and weighed for export showed a decrease of 342,445 metric tons. Sorghum inspected and weighed for export reported a decrease of 961 metric tons.
Ethanol production for the week ending May 21, had an increase at 1,011,000 barrels a day.
Wheat was unchanged to up 24 1/4 cents. Corn was up 29 to 32 cents. Sorghum was up 32 cents. Soybeans were up 24 to 18 cents.
In the futures close, Kansas City July wheat was $6.37 1/2.
Terminal wheat bids, paid for truck delivery, included Kansas City, $6.47 1/2 to $6.87 1/2, up 24 1/4 to 29 1/4 cents; Minneapolis, $7.22 1/2 to $7.27 1/2, up 24 1/4 cents; Portland, $7.75 to $8.50, unchanged; St. Louis, $6.38 1/2 to $6.58 1/2, down 12 3/4 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.16 3/4 to $7.23 3/4, up 25 to 22 cents; Minneapolis, $5.53 to $6.99 3/4, up 27 to 32 cents; southern Iowa, $7.12 3/4 to $7.15 3/4, up 31 to 30 cents; Omaha, $6.79 3/4 to $6.88 3/4, up 31 to 28 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $15.48 1/2 to $15.68 1/2, up 18 cents; Minneapolis, $13.71 to $15.39 1/2, up 15 to 24 1/4 cents; southern Iowa, $15.49 1/2 to $15.56 1/2, up 18 to 22 cents; central Illinois processors, $15.47 1/2 to $15.74 1/2, up 24 to 18 cents.
Kansas City wheat prices June 1, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $7.69 1/2 to $7.79 1/2, up 24 1/4 cents; 12% protein, $7.77 1/2 to $7.78 1/2, up 19 1/4 cents; 13% protein, $7.92 1/2 to $8.02 1/2, up 19 1/4 cents; 14% protein, $7.92 1/2 to $8.02 1/2, up 19 1/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.
