Compared to last week, cash bids for corn, wheat, soybeans and sorghum were lower, according to USDA reported prices, March 23.

For the week ending March 18, a decrease of 312,323 metric tons of corn inspected and weighed for export was reported while a decrease of 59,546 metric tons of soybeans were inspected and weighed.  Wheat inspected and weighed for export showed a decrease of 63,673 metric tons. Sorghum inspected and weighed for export reported a decrease of 213,545 metric tons.

Ethanol production for the week ending March 12, reported an increase at 971,000 barrels a day.

Wheat was up 3 3/4 cents to unchanged. Corn was up 2 1/4 cents. Sorghum was up 2 1/4 cents. Soybeans were up 5 3/4 cents.

In the futures close, Kansas City May wheat was $5.82.

Terminal wheat bids, paid for truck delivery, included Kansas City, $6.12, up 3 3/4 cents; Minneapolis, $6.62 to $6.67, up 3 3/4 cents; Portland, $6.75 to $7.70, unchanged; St. Louis, $6.64 3/4 to $6.69 3/4, up 7 1/2 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $5.51 1/4 to $5.61 1/4, up 7 1/4 to 6 1/4 cents; Minneapolis, $4.35 3/4 to $5.37 1/4, up 1 3/4 to 3 1/4 cents; southern Iowa, $4.48 3/4 to $5.58 1/4, up 1 3/4 to 3 1/4 cents; Omaha, $5.16 1/4 to $5.25 1/4, up 3 1/4 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $14.23 1/4 to $14.33 1/4, up 5 3/4 cents; Minneapolis, $11.99 1/2 to $14.15 1/4, up 5 3/4 to 10 3/4 cents; southern Iowa, $12.13 1/2 to $14.20 1/4, up 5 3/4 to 7 1/2 cents; central Illinois processors, $14.33 1/4 to $14.55 1/4, up 5 3/4 cents.

Kansas City wheat prices March 23, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $6.67 to $6.77, up 3 3/4 cents; 12% protein, $6.98 to $7.08, up 9 3/4 cents; 13% protein, $6.85 to $6.95, up 3 3/4 cents; 14% protein, $6.85 to $6.95, up 3 3/4 cents. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was unavailable.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.