Little Action In Grain Today

I'm Matt Rice with the Market Line Report for November 18th. The grain commodities aren't seeing much action in the market, prices seem to be holding steady without much gain. Todd Horwits shares his thoughts from the floor of the CME.

Horwitz- "Tuesday's grain trade, well we saw pretty much a flat market, not a lot to look at. With the exception of wheat down 9 and soy beans up 3or 4 and corn on the flat line. The bigger story here really, is what is not going and what the overall problems are. What you are really seeing is an overall problem with in the economy is they are slaughtering the commodities in general, having a direct effect on you the producers or traders."

Chicago December Wheat ended yesterday down 6 3/4, at 487 3/4. December corn ended the day up 2, at 361 3/4. Portland prices for soft white wheat of ordinary protein for Nov, were dn 6 1/2, ranging from 4-87 1/2 to 5-40 even. Hard Red Winter wheat with 11 ½ % protein, prices for Nov. were dn 4 1/4, ranging from 5-63 1/4 to 5-78 1/4. DNS wheat with 14 % protein, prices for Nov. were dn 3, ranging from 6-06 3/4 to 6-51 3/4. Dec. live cattle closed yesterday up 57 1/2 cents, at 128. Nov. Feeder cattle were up $1.17 1/2, at 173.62 1/2. Nov. class III milk was down 4 cents, at 15-37.