Cash bids for wheat, corn, soybeans higher
Compared to April 2, cash bids for wheat, corn and soybeans were higher, while sorghum was not quoted on the April 3 National Grain Market Summary.
According to National Agricultural Statistics Service, the first weekly crop progress report of the 2018 growing season reported the U.S. winter wheat crop is in the worst condition in over a decade. For the week ending April 1, winter wheat was rated only 32 percent in good to excellent condition, well below the 51 percent reported at the same time last year and the lowest good to excellent rating since 2002. Corn and soybeans traded incrementally higher on the Board April 3 as news for the two commodities were slim during the trading day.
Corn was 1 1/4 to 3 1/4 cents higher. Sorghum was not quoted April 3. Soybeans were 2 1/2 to 6 1/2 cents higher. Wheat was steady to 17 1/4 cents higher.
In the futures close, Kansas City May wheat was $4.84 3/4, up 17 1/4 cents.
Terminal wheat bids, paid for truck delivery, included Kansas City, $4.74 3/4, up 17 1/4 cents; Minneapolis, $6.13, up 9 1/2 cents; Portland, $5.40 to $5.80 1/2, unchanged to up 5 1/2 cents; St. Louis, $4.52 to $4.69, up 11 cents.
Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.74 1/2, up 1 1/4 cents; Minneapolis, $3.43 1/2, up 1 1/4 cents; southern Iowa, $3.39 1/2 to $3.48 1/2, up 1 1/4 to 3 1/4 cents; Omaha, $3.67 to $3.69, up 2 cents.
Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $9.98 to $10.03, up 2 1/2 cents; Minneapolis, $9.73, up 2 1/2 cents; southern Iowa, $9.70 to $9.83, up 2 1/2 to 6 1/2 cents; central Illinois processors, $10.09 to $10.26, up 6 1/2 to 2 1/2 cents.
Kansas City wheat prices April 3, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $5.54 3/4 to $5.69 3/4, up 17 1/4 cents; 12% protein, $6.15 3/4 to $6.30 3/4, up 13 1/4 cents; 13% protein, $6.49 3/4 to $6.64 3/4, up 17 1/4 cents; 14% protein, $6.49 3/4 to $6.64 3/4, up 17 1/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $3.86 3/4 to $3.92, down 1/4 to 1/2 cent.