Wheat Market Up Friday

Wheat Market Up Friday
I’m KayDee Gilkey with the Market Line Report for Feb. 18, 2013. ?
KC and Chicago wheat traded higher on Friday after Thursday's impressive export data and thoughts that demand is beginning to pick up for the US. Unless there's some bullish demand news or corn and soybeans rally sharply, the upside this week is limited to short-covering in the wheat market. From the floor of the CME Group, Scott Shellady shares his observations of Friday’s markets.
Shellady: “Up across the board -- up corn, wheat and beans here in Chicago and it looks as though we’ve kinda of put in a bottom -- a short-term bottom -- for a lot of these commodities that have been ticking lower day in and day out because of the general malaise and no decent bullish news. That is really what we have been seeing and I think that is going to be now the case as where we really don’t have anything to talk about except -- Hey, it is still really dry.”
Chicago March Wheat ended Friday up 10 and 1/4 cents at 7-42 and 1/4. March corn ended the day up 4 cents at 6-98 and 3/4.??Portland prices for soft white wheat and club wheat were up 3 to 7 and 1/4 cents at mostly 8-70 and 3/4. Hard Red Winter Wheat with 11.5 pct protein prices were up 2 and 1/2 cents at mostly 8-93 and 1/2. DNS wheat with 14 pct protein prices were up 4 and 1/4 to 9 and 1/4 cents at mostly 9-39 and 1/2. ??April live cattle were up Friday 67 and half cents at 130-45. March Feeder cattle were up 70 cents at 143-37 and half. March class III milk was down 6 cents at 17-30.