Cash bids mostly higher
Compared to last week, cash bids for were mostly higher for wheat, corn, sorghum and soybeans according to USDA reported prices, March 1.
For the week ending Feb. 24, a decrease of 34,505 metric tons of corn inspected and weighed for export was reported while a decrease of 307,860 metric tons of soybeans were inspected and weighed. Wheat inspected and weighed for export showed a decrease of 164,721 metric tons. Sorghum inspected and weighed for export reported a decrease of 112,074 metric tons.
Ethanol production for the week ending Feb. 18, had a slight increase at 1,024,000 barrels a day.
Wheat was up 57 3/4 cents to unchanged. Corn up 35 cents. Sorghum was up 42 3/4 cents. Soybeans were up 45 3/4 to 42 3/4 cents.
In the futures close, Kansas City March wheat was $10.12.
Terminal wheat bids, paid for truck delivery, included Kansas City, $10.13 to $10.31, up 48 3/4 to 50 cents; Minneapolis, $12.13, change unavailable; Portland, $10.50 to $11.25, unchanged to up 2 cents; St. Louis, $9.68 to $9.91, up 46 to 50 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.25 3/4 to $7.30 3/4, up 35 cents; Minneapolis, $6.95 3/4 to $7.01 3/4, up 38 1/4 to 31 1/4 cents; southern Iowa, $7.15 3/4 to $7.28 3/4, up 38 1/4 to 44 1/4 cents; Omaha, $6.38 3/4 to $7.03 3/4, up 35 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $16.80 to $16.85, up 53 1/4 to 48 1/4 cents; Minneapolis, $16.65 to $16.68, up 60 3/4 to 58 3/4 cents; southern Iowa, $16.86 to $16.92, up 74 1/4 to 57 3/4 cents; central Illinois processors, $16.87 to $17.055, up 45 3/4 to 42 3/4 cents.
Kansas City wheat prices March 1, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $11.40 to $11.50, up 50 cents; 12% protein, $12.10 to $12.20, up 50 cents; 13% protein, $12.30 to $12.40, up 50 cents; 14% protein, $12.30 to $12.40, up 50 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.