Cash bids higher
Compared to last week, cash bids for corn, sorghum, soybeans and wheat were higher according to USDA reported prices, Sept. 1.
For the week ending Aug. 27, a decrease of 489,815 metric tons of corn inspected and weighed for export was reported while an decrease of 418,660 metric tons of soybeans were inspected and weighed. Wheat inspected and weighed for export showed a decrease of 53,462 metric tons. Sorghum inspected and weighed for export reported an increase of 92,321 metric tons.
Ethanol production for the week ending Aug. 21, reported a slight increase at 931,000 barrels a day.
Wheat was unchanged to up 17 3/4 cents higher. Corn was up 4 1/2 to 1/4 cents. Sorghum was 9 1/4 to 1/2 cent higher. Soybeans were 8 1/4 cents higher.
In the futures close Sept. 1, Kansas City September wheat was $4.38 1/2.
Terminal wheat bids Sept. 1, paid for truck delivery, included Kansas City, $4.90 1/2 to $5 1/2, up 1/2 to 1 1/4 cents; Minneapolis, $5.45 1/2, up 1 1/4 cents; Portland, $5.20 to $5.44, unchanged to up 5 cents; St. Louis, $5.75 3/4 to $6.01, up 1 1/2 to 11 3/4 cents.
Terminal corn bids Sept. 1, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.08 to $3.18, down 1 1/2 to 14 1/2 cents; Minneapolis, $3.16 to $3.49 1/2, up 1/2 to down 1 1/2 cents; southern Iowa, $3.29 1/2 to $3.42 1/2, down 11 to 1 cents; Omaha, $3.04 to $3.25, up 1/4 cents.
Terminal soybean bids Sept. 1, U.S. No. 1, price paid for truck delivery, included: Kansas City, $9.15 3/4 to $9.18 3/4, up 1 1/4 to 4 1/4 cents; Minneapolis, $9.17 3/4 to $9.32 3/4, up 3 1/4 to down 2 1/2 cents; southern Iowa, $9.36 3/4 to $9.54 3/4, down 14 3/4 to 4 3/4 cents; central Illinois processors, $9.42 3/4 to $9.74 3/4, up 1 1/4 cents.
Kansas City wheat prices Sept. 1, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.36 1/2 to $5.73 1/2, up 13 cents; 12% protein, $5.99 1/2 to $6.09 1/2, up 13 cents; 13% protein, $6.18 1/2 to $6.28 1/2, up 23 cents; 14% protein, $6.25 1/2 to $6.35 1/2, up 13 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.