Grains Seeing Some Gains

Grains Seeing Some Gains

Matt Rice
Matt Rice
I'm Matt Rice with the Market Line Report for November 20th. The grain commodities are seeing some gains, creating some excitement in the market as we watched export sales rise. We check in with Oliver Sloup as he explains his thoughts from the floor of the CME with II Trader.

Sloup- "Happy Thursday to you from the floor of the CME here in Chicago, I'm Oliver Sloup with II Trader and your grain market update. It was an interesting morning, to start the trading session we saw great exports, export sales across the board. Corn, soy beans, wheat all coming above expectations, but that news kind of faded shortly after the re-open at 8:30 central time."

Chicago December Wheat ended yesterday up 7 1/2, at 490 1/4. December corn ended the day up 2 1/2, at 363 3/4. Portland prices for soft white wheat of ordinary protein for Jan, had a mixed market dn 5 and up 7 1/4, ranging from 4-92 1/4 to 5-35 even. Hard Red Winter wheat with 11 ½ % protein, prices for Nov. were up 3 3/4, ranging from 5-62 1/2 to 5-77 1/2. DNS wheat with 14 % protein, prices for Nov. were up 8 3/4, ranging from 6-18 3/4 to 6-58 3/4. Dec. live cattle closed yesterday dn $1.87 1/2, at 129.10. Nov. Feeder cattle were up 35 cents, at 175.22 1/2. Nov. class III milk was down 7 cents, at 15-31.

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