Wheat and Corn Markets End Tuesday Higher

I’m KayDee Gilkey with the Market Line Report for March 4, 2015.
Tuesday found both corn and wheat ending higher. From the floor of the CME Group, Joe Vaclavik shares his observations of Tuesday’s markets.
Vaclavik: “Grain markets here in Chicago were mixed on Tuesday. We had a higher trade in the corn market. A mixed trade in the soybean market and mostly higher closes in the wheat market. We will start in corn where we’ve seen very little action, the market has a been confined to a 20 cent trading range — give or take. The wheat market can’t make up its mind here. It has been back and forth. We test some multi-month lows here on Tuesday as a matter fact. Came back and finished the day higher.”
Chicago May Wheat ended Tuesday up 6 cents at 5-06. May corn ended the day up 3 cents at 3-91.
Portland prices for soft white wheat of ordinary protein were mixed down a nickel to up 6 cents at mostly 6-50 and 1/2. White club wheat of ordinary protein prices were mixed down a nickel to up 8 and 3/4 cents at mostly 8-92. Hard Red Winter wheat with 11.5 percent protein prices were down a 1/2 of a cent to 15 and 1/2 cents at mostly 6-44 and 1/4. DNS wheat with 14 percent protein prices were mixed down 5 and 1/2 to up 49 and 1/2 cents at mostly 8-71 and 3/4.
|April live cattle were down $2.40 on Tuesday at 151-05. April Feeder cattle were down $2.25 at 199-87 and half. April class III milk was down 12 cents at 15-53.