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Cash bids for wheat, corn, soybeans lower

Cash bids for wheat, corn, soybeans lower

Compared to July 24, cash bids for wheat, corn, and soybeans were lower, according to the National Grain Market Summary, July 25.

The trade market is looking heavily at the weather forecasts that are favorable for crop production. Much of the issues with crops has already been factored into the market. Losses were held in check by firm outside markets and thoughts of the futures break will entice export buying. Chinese sources say that the country still needs old crop soybean coverage, but they are in no hurry to extend coverage at today’s values. It is unsure as to how low China officials will let reserves drop before making the needed purchases.

Wheat was 14 to 38 cents lower. Corn was 8 to 9 cents lower. Soybeans were 14 to 16 cents lower. Sorghum was 15 cents lower.

In the futures close, Kansas City September wheat was $4.72 3/4, down 14 3/4 cents.

Terminal wheat bids, paid for truck delivery, included Kansas City, $4.33 3/4, down 14 3/4 cents; Minneapolis, $7.22 1/2, down 38 cents; Portland, $5.09 to $5.30, down 14 3/4 cents; St. Louis, $4.74 to $4.79, down 14 to 15 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $3.41 3/4 to $3.43 3/4, down 8 1/2 cents; Minneapolis, $3.18 3/4, down 8 1/2 cents; southern Iowa, $3.32 3/4 to $3.33 3/4, down 8 1/2 cents; Omaha, $3.30 to $3.34, down 8 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $9.56, down 16 cents; Minneapolis, $9.51 1/2, down 16 cents; southern Iowa, $9.69 1/2 to $9.76, down 14 to 15 cents; central Illinois processors, $9.74 1/2 to $9.84 1/2, down 16 cents.

Kansas City wheat prices July 25, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $4.79 3/4 to $5.57 3/4, down 14 3/4 to 19 3/4 cents; 12% protein, $5.62 3/4 to $6.18 3/4, down 19 3/4 to 14 3/4 cents; 13% protein, $6.52 3/4 to $6.62 3/4, down 14 3/4 cents; 14% protein, $6.62 3/4 to $6.72 3/4, down 14 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.

(Source – http://www.hpj.com/markets/cash-bids-for-wheat-corn-soybeans-lower/article_55aa9041-c175-57db-b8ea-6faaec459f38.html)

Cash bids for wheat, corn, soybeans lower Reviewed by on . Compared to July 24, cash bids for wheat, corn, and soybeans were lower, according to the National Grain Market Summary, July 25. The trade market is looking he Compared to July 24, cash bids for wheat, corn, and soybeans were lower, according to the National Grain Market Summary, July 25. The trade market is looking he Rating: 0
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