Market Line

I'm Tom Allen with Market Line Report for April 28, 2015 filling in for Kaydee Gilkey who is a key note speaker for AgChats in Spokane. Monday was off to a slow roll with wheat and corn at a low possible due to better weather and fieldwork. From the floor of the CME Group, Scott Shellady shares his observations of Monday's markets. Shellady: "Fairly slow. Today did not disappoint in that slow market. Beans up, corn and wheat taking it on the chin. Double digits for wheat but that's what's expected because 5-15 wheat was unsustainable with the weather the way it looked.

|Chicago July Wheat ended Monday down 15 and 3/4 cents at 4-73 and 1/4. July corn ended the day down 5 cents at 3-65. Portland prices for soft white wheat of ordinary protein were steady to down 15 and 1/4 cents at mostly 5-94 and 1/4. White club wheat of ordinary protein prices were steady to down 15 and 1/4 cents at mostly 7-64 and 1/4. Hard Red Winter wheat with 11.5 percent protein prices were down 16 and 1/2 to 26 and 1/2 cents at mostly 5-89 and 3/4. DNS wheat with 14 percent protein prices were down 10 and 1/2 cents at mostly 7-59 and 1/2.

June live cattle were down .50 cents even on Monday at 150.63 and half. May Feeder cattle were down $2.18 at 211.90. May class III milk was also down 12 cents at 16-48.