Wheat Markets End Mixed

Wheat futures were supported by short-covering through overnight trade, but as corn and soybeans turned lower through the daytime hours, corrective buying interest faded in the wheat market. From the floor of the CME Group, Frank Lesh shares his observations of Tuesday's markets.

Lesh: "Tuesday's grain trade were lower markets. We had December corn was down about 2 cents. November soybeans down about 6 cents and December wheat looks flat for the day. We start out the day quite a bit higher. There was a report from Farm Service Agency and what they came out and told us was that prevent planted acreage and abandoned/failed acreage increased quite a bit."

Chicago December Wheat ended Tuesday up 1 and 3/4 cents at 6-43. December corn ended the day down 2 and 1/2 cents at 4-54.??Portland prices for soft white wheat were down 2 to 7 cents at mostly 7-08 and 1/2. White club wheat prices were steady to down 8 and 1/4 cents at mostly 7-16. Hard Red Winter Wheat with 11.5 pct protein prices were up a 1/2 of a cent at mostly 8-09 and 1/4. DNS wheat with 14 pct protein did not issue bids for nearby delivery.

?October live cattle were down 37 and half cents Tuesday at 125-17 and half. October Feeder cattle tumbled lower $1.62 and half at 157-87 and a half. October class III milk was down 14 cents at 17-66.