Choppy Grains

This is Matt Rice with the Market Line Report for Dec. 13th. Grain markets feeling pressure from the US dollar and the Chinese markets. Let's go to Scott Shellady as she covers the grain market from the floor of the CME in Chicago.

Shellady "Hi, I'm Scott Shellady here at the CME Group floors here in Chicago after a cold and snow Sunday. Markets are a little bit quieter today, but overnight they were kind of choppy ended up coming in a little bit easier. We had a little bit of a hangover from the report that we had on Friday, nothing too shocking there but they did raise stocks a tad. So maybe a touch negative, but again over night kind of choppy. The dollar still obviously going to be ahead to us, I mean we're trading up around that $1.01 level in the dollar index and that's going to be an issue."

As we take a look at those Chicago markets, May Wheat prices closed the day up 1 ¼, at 427 ½. Chicago May Corn prices were up 1, to close the day at 367. Prices in Portland for Soft White Wheat of ordinary protein for April were unch- dn 8 ¼, ranging from 4-60 to 4-62 ¾. Hard Red Winter Wheat with 11.5 % protein, future prices for April were up 1, ranging from 5-06 ¼ to 5-11 ¼. DNS Wheat with 14 % protein, prices for March were up ¾, ranging from 6-37 to 6-62. April Live Cattle closed the day up $1.95, at 112.22 ½. April Feeder cattle were up $2.07 ½ cents, at 124.15. Feb. class III milk was up 65 cents at 17-53.