Cash bids for wheat, soybeans, sorghum higher

Compared to July 30, cash bids for wheat, soybeans, and sorghum were higher,while corn was mixed, according to the National Grain Market Summary, July 31.

Futures gained support July 30 after Bloomberg News reported that U.S. Treasury Secretary Mnuchin and Chinese Vice Premier Liu He are having private conversations, looking for a solution to the current standoff over trade issues between the two countries. Dry weather also lent support as it remains a concern for developing crops.

Wheat was steady to 8 3/4 cents higher. Corn was from 4 cents lower to 5 cents higher. Soybeans were 28 3/4 cents higher. Sorghum was 9 1/4 to 9 1/2 cents higher.

In the futures close, Kansas City September wheat was $5.56 1/2, up 8 3/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $5.86 1/2, up 8 3/4 cents; Minneapolis, $6.16 1/4, up 5 1/4 cents; Portland, $5.80 to $6.03, unchanged; St. Louis, $5.54 to $5.63, up 5 to 7 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.67 1/4 to $3.72 1/4, up 5 cents; Minneapolis, $3.21 1/4, down 4 cents; southern Iowa, $3.37 1/4 to $3.41 1/4, up 2 to 3 cents; Omaha, $3.53 to $3.54, up 4 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $8.98 3/4 to $9.03 3/4, up 28 3/4 cents; Minneapolis, $8.38 3/4, up 28 3/4 cents; southern Iowa, $8.53 3/4 to $8.57 3/4, up 28 3/4 cents; central Illinois processors, $8.75 3/4 to $9.18 3/4, up 28 3/4 cents.

Kansas City wheat prices July 31, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $6.41 1/2 to $6.56 1/2, up 8 3/4 cents; 12% protein, $6.76 1/2 to $6.91 1/2, up 8 3/4 cents; 13% protein, $6.96 1/2 to $7.11 1/2, pu 8 3/4 cents; 14% protein, $6.96 1/2 to $7.11 1/2, up 8 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $3.76 1/4 to $3.84 1/4, up 2 3/4 to 5 cents.