Quiet Day on the Markets

Quiet Day on the Markets. I’m Greg Martin. This is Market Line

Market Line July 28, 2009

It started off as a quiet day on the grain markets. Corn managed to find some support after a sell off on Friday. According to Louise Gartner at the Linn Group, corn came back a bit.

GARTNER: We did see corn find some support as export inspections were quite a bit higher at 52 million bushels. They were looking for a range of 31 to 34.

China’s summer-harvested rapeseed output is estimated at 12.9 million metric tons, up 12% and a new record, the Ministry of Agriculture said over the weekend. Summer-harvested rapeseed accounts for more than 90% of the country’s annual rapeseed production.

On Monday Chicago Sept wheat was 551 ¾  up 2 ¾

Sept corn closed 322 ¼ up 6.

Portland soft white wheat 5.05 – 5.30 dn 10 to up 2

Club wheat mostly $6 ranging 5 to 7.40 unchanged

HRW 11.5 % protein mostly 5.90

DNS 14% protein mostly 6.84 up 6

October live cattle 90.200 up .45

October feeders 102.575 down 0.175

Sept Class III milk 12.16 up.02

I’m Greg Martin and that’s Market Line on the Northwest Ag Information Network.