Grains Rally

Grains Rally

Matt Rice
Matt Rice
I'm Matt Rice with the Market Line Report for October 6th. We had some good rallies with grain numbers over the last week. Chris Robinson shares his thoughts from the floor of the CME, as we get ready for Fridays grain report.

Robinson- "Good morning, from the Floor of the CME. This is Chris Robinson with your grain comment today, October 5th. Grains holding in there pretty well, trying to catch a bid. We are within a nickel or so of 2 month highs in corn, wheat, and beans. Probably see two sided trading here for the rest of the week as we get ready for the USDA report for Friday the 9th. Also that's going to be a big day because, we will be heading into the long Columbus day weekend, we'll be closed on Monday."

Chicago December Wheat ended last week up 2 1/4, at 514 3/4. December corn ended the day up 4 ¼, at 393 3/4. Portland prices for soft white wheat of ordinary protein for October, were up 2 1/4, at mostly 5-50 1/2. Hard Red Winter wheat with 11 ½ % protein, prices for October were up 1 1/2, at mostly 6-19 even. DNS wheat with 14 % protein, prices for October were up 3 1/2, at mostly 6-58 3/4. October live cattle closed yesterday down $1.57 1/2, at 121.50. October Feeder cattle were down $2.40, at 177.10. October class III milk was up 24 cents, at 15-93.

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