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, May 10.

For the week ending May 5, a decrease of 303,496 metric tons of corn inspected and weighed for export was reported while a decrease of 101,297 metric tons of soybeans were inspected and weighed. Wheat inspected and weighed for export showed a decrease of 155,596 metric tons. Sorghum inspected and weighed for export reported an increase of 52,611 metric tons.

Ethanol production for the week ending April 29, had a slight increase at 969,000 barrels a day.

Wheat was up 10 3/4 to 15 cents. Corn up 3 1/4 cents. Sorghum was up 2 to 3 1/4 cents. Soybeans were up 7 cents.

In the futures close, Kansas City May wheat was $11.68 1/4.

Terminal wheat bids, paid for truck delivery, included Kansas City, $11.80, up 10 3/4 cents; Minneapolis, $14.55, change unavailable; Portland, $11 to $11.25, unchanged; St. Louis, $10.96 1/2, up 1 cent.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.90 1/4 to $8.05 1/4, up 3 1/4 cents; Minneapolis, $7.51 1/4 to $7.55 1/4, up 3 1/4 cents; southern Iowa, $7.72 1/4 to $7.87 1/4, up 3 1/4 to 6 1/4 cents; Omaha, $7.47 1/4 to $7.67 1/4, up 3 1/4 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $16.02 1/4 to $16.12 1/4, up 7 cents; Minneapolis, $15.86 1/4, up 11 cents; southern Iowa, $16.15 1/4 to $16.24 1/4, up 13 to 9 cents; central Illinois processors, $15.77 1/4 to $16.47 1/4, up 7 cents.

Kansas City wheat prices May 10, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $14.45 to $14.55, up 10 3/4 cents; 12% protein, $14.70 to $14.80, up 30 3/4 cents; 13% protein, $14.20 to $14.30, up 10 3/4 cents; 14% protein, $14.20 to $14.30, up 10 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.