Quarterly Report Anticipation

This is Matt Rice with the Market Line Report for June 30th. Grains slipping further down the ladder, however producers staying positive as we look forward to hearing the USDA quarterly report. Here's Jack Scoville from the floor of the CME in Chicago, with the USDA grain commentary.

Scoville "Hi, it's been a mostly lower trade in the grain complex today. There has been some rallying back towards the unchanged levels as we get past the first hour of trade, but really not a whole lot of excitement. Really there's quite a bit of anticipation in what's going to happen here in 24 hours from now when the USDA releases their quarterly stock report."

Chicago July Wheat prices closed yesterday dn 14 ¼, at 428 ½. July corn ended the day down 12 ½, at 373 ¼. Portland prices for soft white wheat of 10 ½ % protein for July were dn 12 ¾ to unch, ranging from 5-89 ½ to 5-20. Hard Red Winter wheat with 11 ½ % protein, prices for June were dn 8 ½, ranging from 4-79 ¾ to 4-94 ¾. DNS wheat with 14 % protein, prices for June were dn 7 ¼ to 12 ¼, ranging from 5-96 to 6-01. June Live Cattle closed the day up $1.82 ½, at 119.00. Aug Feeder cattle were up $2.37 ½, at 143.27 ½. July class III milk was up 17 cents at 15-29.