Wheat Markets Quiet and End Down on Monday

I’m KayDee Gilkey with the Market Line Report for November 25, 2014.
Wheat futures prices ended Monday lower. From the floor of the CME Group, Todd Horwitz shares his observations of Monday’s markets.
Horwitz: “Monday’s grain trade — a little bit flat here, a little bit down, a little bit up — we’ve got a little bit of a mixed picture but I think the grains have shown tremendous resiliency. Now that we have seen, I think, the lows for the year and lows for where we are going to go. I think we are now in a position to looking for opportunities to buy. Wheat remains extremely strong here — I think we still want to look at $5.20 to $5.10 area as a spot to re-enter. Corn has been really resilient here as well once we came off of that bottom.”
Chicago December Wheat ended Monday down a nickel at 5-42 and 1/4. December corn ended the day down 5 and 1/4 cents at 3-67 and 1/2.
Portland prices for soft white wheat were mixed down 2 and 3/4 to up 14 and 1/2 cents at mostly 7-03 and 1/2. White club wheat prices were mixed down a nickel to up 7 and 1/4 cents at mostly 9-48 and 3/4. Hard Red Winter wheat with 11.5 percent protein prices were mixed down 7 and 3/4 cents to up a 1/4 of a cent at mostly 7-31 and 1/4. DNS wheat with 14 percent protein prices were mixed down 4 and 1/4 to up 1 and 3/4 cents at mostly 9-46.
December live cattle were down $1.40 on Monday at 169-50. January Feeder cattle were down limit down $3 at 231-45. December class III milk was down 34 cents at 18-58.