Corn Higher Over The Day

This is Matt Rice with the Market Line Report for Oct 4th. Prices trending higher in the corn over the day, despite some poor weather conditions over the past 24 hours. Here's Scott Shellady with more from the floor of the CME in Chicago.

Shellady "Hi, this is Scott Shellady here in the CME group in floors in Chicago for the beginning of the week we can see corn higher here on the day here. I drove back from the family farm last night, our own family farm and I could tell with the weather we were getting, it was going to be disruptive. I would've expected to see more guys in the field, there were a few guys out there trying to "mud it out" but at the same time it caused things to kind of delay, that kind of cutting of the corn. When we see that kind of thing this time of year, it's kind of a bullish factor, yes and corn is higher on the fact that we've seen those kind of rains."

Chicago March Wheat prices closed yesterday dn 7 ½, at 417 ¼. March corn ended the day up 9 ¼, at 355 ½. Portland prices for soft white wheat of Ordinary Protein for Jan. ended the day dn 10-17, ranging from 4-90 to 4-97 ¼. Hard Red Winter wheat with 11 ½ % protein, prices for Jan. were dn 8 ½, ranging from 4-92 to 4-97. DNS wheat with 14 % protein, prices for Jan. were up ½, ranging from 6-16 ½ to 6-21 ½. Feb. Live Cattle were dn 22 ½ cents, to finish the day at 100.37 ½. Jan. Feeder cattle were dn $1.02 ½, to close the day at 116.05. Nov. class III milk was dn 19 cents at 15-44.