Compared to last week, grain and soybean bids traded moderately higher. Soybeans found support from uncertainty in South American weather as reports of dryness in some areas and heavy rainfall in others is believed to be pressuring harvest production.
Also strong soybean demand from China is helping to pressure global supplies. Wheat followed corn higher and persistent dryness in the Southern Plains helped to boost wheat.
Some areas of the Mid-section of the country saw significant rain, while others saw minimal moisture. The weather was turbulent, with above normal temperatures in parts of the U.S. early in the week and lows at zero by the end.
Corn weekly export sales came in at a total of 253,300 tonnes. Soybeans had strong export sales totaling 1.253,000 tonnes. Wheat export sales were below expectations totaling 387,900 tonnes.
Wheat was mostly 16-29 cents higher. Corn was 16-23 cents higher. Sorghum was 29-34 cents higher. Soybeans were 28-34 cents higher.
WHEAT
Kansas City US No 1 Hard Red Winter, ordinary protein rail bid was 16 1/4 to 19 1/4 cents higher from 9.02 3/4-9.42 3/4 per bushel.
Kansas City US No 2 Soft Red winter rail bid no quote per bushel.
St. Louis truck US No 2 Soft Red Winter terminal bid was 20 cents higher at 8.05 per bushel.
Minneapolis and Duluth US No 1 Dark Northern Spring, 14.0 to 14.5 percent protein rail, was 9 1/2 to 29 1/2 cents higher from 9.60-9.65 per bushel.
Portland US Soft White wheat rail was 20 to 21 cents higher from 8.70-8.89 1/2 per bushel.
CORN
Kansas City US No 2 rail White Corn was 19 to 22 cents higher from 8.19-8.30 per bushel.
Kansas City US No 2 truck Yellow Corn was 17 cents higher at 7.79 per bushel.
Omaha US No 2 truck Yellow Corn was 20 to 22 cents higher from 7.64-7.69 per bushel.
Chicago US No 2 Yellow Corn was 16 1/4 cents higher from 7.55 1/2-7.61 1/2 per bushel.
Toledo US No 2 rail Yellow corn was 19 to 20 cents higher from 7.56 1/2-7.59 1/2 per bushel.
Minneapolis US No 2 Yellow corn rail was 23 1/4 cents higher at 7.23 1/2 per bushel.
OATS AND BARLEY
US 2 or Better oats, rail bid to arrive at Minneapolis 20 day was 1 cent lower from 3.85-3.92 per bushel.
US No 3 or better rail malting Barley, 70 percent or better plump out of Minneapolis was 5 cents lower at 7.05 per bushel.
Portland US 2 Barley, unit trains and Barges-export was not available per cwt.
SORGHUM
US No 2 yellow truck, Kansas City was 30 cents higher at 13.23 per cwt.
Texas High Plains US No 2 yellow sorghum (prices paid or bid to the farmer, fob elevator) was 29 to 34 cents higher from 12.81-13.25 per cwt.
OILSEEDS
Minneapolis Yellow truck soybeans no bid per bushel.
Illinois Processors US No 1 Yellow truck soybeans were 28 1/4 to 33 1/4 cents higher from 14.93 1/2-15.08 1/2 per bushel.
Kansas City US No 2 Yellow truck soybeans were 34 cents higher at 15.17 per bushel.
Central Illinois 48 percent Soybean meal, processor rail bid was 11.70 to 12.70 higher from 441.40-446.40 per ton.
Central Illinois Crude Soybean oil processor bid was 75 points higher from 50.36-51.11 cents per pound.