Cash bids lower
Compared to last week, cash bids for were lower for wheat, corn, sorghum and soybeans according to USDA reported prices, June 21.
For the week ending June 16, a decrease of 37,064 metric tons of corn inspected and weighed for export was reported while a decrease of 180,772 metric tons of soybeans were inspected and weighed. Wheat inspected and weighed for export showed a decrease of 80,588 metric tons. Sorghum inspected and weighed for export reported a decrease of 68,833 metric tons.
Ethanol production for the week ending June 10, increased slightly to 1,060,000 barrels a day.
Wheat was unchanged to down 63 3/4 cents. Corn down 23 3/4 cents. Sorghum was down 23 3/4 cent. Soybeans were down 28 1/2 to 30 1/4 cents.
In the futures close, Kansas City July wheat was $10.41 1/4.
Terminal wheat bids, paid for truck delivery, included Kansas City, $10.71 1/4, down 63 3/4 cents; Minneapolis, $12.37 3/4 to $12.47 3/4, change unavailable; Portland, $11 to $11.50, unchanged; St. Louis, $9.49 1/4 to $9.87 1/4, down 59 to 59 1/2 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.95 3/4 to $8.20 3/4, down 23 3/4 cents; Minneapolis, $7.49 3/4 to $7.85 3/4, down 23 3/4 cents; southern Iowa, $7.07 3/4 to $7.80 3/4, down 23 3/4 cents; Omaha, $7.50 3/4 to $7.82 3/4, down 23 3/4 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $16.58 1/2 to $16.68 1/2, down 23 3/4 cents; Minneapolis, $16.61 to $16.60, down 21 cents; southern Iowa, $16.86 to $16.94, down 18 to 21 cents; central Illinois processors, $17.13 1/2 to $17.27, down 28 1/2 to 30 1/4; cents.
Kansas City wheat prices June 21, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $11.94 1/4 to $12.04 1/4, down 59 3/4 cents; 12% protein, $12.01 1/4 to $12.11 1/4, down 63 3/4 cents; 13% protein, $12.11 1/4 to $12.21 1/4, down 63 3/4 cents; 14% protein, $12.11 1/4 to $12.21 1/4, down 63 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.
