Cash bids mostly lower
Compared to last week, cash bids for were mostly lower for wheat, corn, sorghum and soybeans according to USDA reported prices, July 5.
For the week ending June 30, a decrease of 570,126 metric tons of corn inspected and weighed for export was reported while a decrease of 120,569 metric tons of soybeans were inspected and weighed. Wheat inspected and weighed for export showed a decrease of 241,064 metric tons. Sorghum inspected and weighed for export reported a decrease of 138,468 metric tons.
Ethanol production for the week ending June 24, decreased slightly to 1,051,000 barrels a day.
Wheat was unchanged to down 50 3/4 cents. Corn down 27 1/2 cents. Sorghum was down 72 1/4 to 58 1/2 cents. Soybeans were down 70 1/2 cents.
In the futures close, Kansas City July wheat was $8.60 1/4.
Terminal wheat bids, paid for truck delivery, included Kansas City, $9.22, down 49 cents; Minneapolis, $10.30, change unavailable; Portland, $9 to $10.50, down 5 cents to unchanged; St. Louis, $7.64 to $7.92, down 39 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.07 1/4 to $7.33 1/4, down 27 1/2 cents; Minneapolis, $6.72 1/4 to $6.77 1/4, down 27 1/2 to 32 1/2 cents; southern Iowa, $7.26 to $7.36, down 26 1/2 to 23 1/2 cents; Omaha, $6.22 1/4 to $6.93 1/4, down 27 1/2 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.89 1/4 to $15.04 1/4, down 70 1/2 cents; Minneapolis, $14.74 1/4 to $15.35 1/4, down 70 1/2 to 50 1/2 cents; southern Iowa, $15.41 1/4 to $15.68 1/4, down 74 3/4 to 55 3/4 cents; central Illinois processors, $15.59 1/4 to $15.79 1/4, down 70 1/2 cents.
Kansas City wheat prices July 5, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $10.32 to $10.42, down 51 1/2 cents; 12% protein, $10.32 to $10.42, down 46 1/2 cents; 13% protein, $10.32 to $10.42, down 46 1/2 cents; 14% protein, $10.32 to $10.42, down 46 1/2 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.
