Marketline Report for Friday, April 12th
ROGGENSACK ... "Probing for some type of a near-term low bearishness might be close to being already priced in the market. First factor for the market is a focus shift to new crop planting prospects and the weather. We've got some very wet Central and Eastern corn belt weather over the next week, a half to three inches. The delta looks very wet so the early planting stuff looks like it's really going to struggle here over the next week. We also have a wet forecast in the six to ten day up into the north and that could aggravate things with the cooler forecast as well."
Chicago May Wheat prices closed yesterday up 2 ½ at 457 ¾
May Corn was up 1 ¾ at 360
Portland prices for soft white wheat of Ordinary Protein for Apr ended the day unch ranging from 5-90 to 6-00 Hard Red Winter wheat with 11 ½ % protein, prices for Apr were up 4 ¼ ranging from 6-00 ½ to 6-25 ½ DNS wheat with 14 % protein, prices for Apr were up 3 ranging from 6-38 ¼ to 6-48 ¼
Live Cattle for Apr were up $.12 ½ at 126.10 Apr Feeder cattle are up $.25 to 145.50 Apr Class III milk was dn .06 cents at 15.91