Weaker Dollar Boosts Commodity Markets on Monday

Weaker Dollar Boosts Commodity Markets on Monday

I’m KayDee Gilkey with the Market Line Report for October 28, 2014.
A lower dollar on the day helped boost commodity markets higher on Monday. From the floor of the CME Group Greg Wagner shares his observations of Monday’s markets.
Wagner: “Grain trade here in the grain complex here at the CME Group on Monday absolutely explosive. You’re looking at November soybeans closing at $10.06 — that is 28 and 1/2 cents. Soybean meals exploding over $26 higher in Decs Soy Meal. The corn market closes 10 cents high in December corn — new crop corn. And we’ve also got a nickel put on in the Wheat — kind of a lagger there.”
Chicago December Wheat ended Monday up a nickel at 5-22 and 3/4. December corn ended the day up a dime at 3-63.?Portland prices for soft white wheat were up a nickel at mostly 6-89 and 1/2. White club wheat prices were up a nickel at mostly 9-31. Hard Red Winter wheat with 11.5 percent protein prices were up a penny at mostly 7-47 and 3/4. DNS wheat with 14 percent protein prices were up 4 and 3/4 cents at mostly 9-17 and 3/4.
December live cattle were up 92 and half cents on Monday at 167-82 and half. November Feeder cattle were up 15 cents at 234-80. November class III milk was up 43 cents at 21-22.
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