Cash bids lower
Compared to last week, cash bids for were lower for wheat, corn, soybeans, and sorghum according to USDA reported prices, Aug. 16.
For the week ending Aug. 11, a decrease of 17,214 metric tons of corn inspected and weighed for export was reported while a decrease of 126,774 metric tons of soybeans were inspected and weighed. Wheat inspected and weighed for export showed a decrease of 262,493 metric tons. Sorghum inspected and weighed for export reported a decrease of 327 metric tons.
Ethanol production for the week ending Aug. 5, decreased slightly to 1,022,000 barrels a day.
Wheat was down 11 cents to unchanged. Corn down 56 1/2 to 25 3/4 cents. Sorghum was down 13 cents. Soybeans were down 31 1/4 cents.
In the futures close, Kansas City September wheat was $8.71 3/4.
Terminal wheat bids, paid for truck delivery, included Kansas City, $9.36 3/4, down 11 cents; Minneapolis, $10.56 3/4, down 11 cents; Portland, $8.80 to $9, unchanged; St. Louis, $7.76 to $8.04, down 14 3/4 to 18 3/4 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.01 to $7.11, up 9 1/4 cents; Minneapolis, $6.31 to $6.71, down 15 3/4 cents; southern Iowa, $5.82 1/4 to $5.88 1/4, down 16 to 18 cents; Omaha, $6.51 to $6.70, down 15 3/4 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.66 to $15.01, down 31 1/4 cents; Minneapolis, $14.66 to $14.96, down 46 1/4 to 47 1/4 cents; southern Iowa, $15.21 to $15.26, down 31 1/4 cents; central Illinois processors, $14.91 to $16.01, down 31 1/4 cents.
Kansas City wheat prices Aug. 16, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $10.31 3/4 to $10.41 3/4, down 11 cents; 12% protein, $10.31 3/4 to $10.41 3/4, down 11 cents; 13% protein, $10.31 3/4 to $10.41 3/4, down 11 cents; 14% protein, $10.31 3/4 to $10.41 3/4, down 11 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.
