Wheat Futures Trade Lower in Sympathy

I'm KayDee Gilkey with the Market Line Report for September 6, 2013. ? Wheat futures traded lower in sympathy with the weaker trade in the corn market. Domestic feed usage will begin to ratchet back as new crop corn supply enters demand channels. The lower feed use and a slowdown in exports in the second half of the crop year could help stabilize Chicago wheat ending stocks which are now sitting at 6 year lows.From the floor of the CME Group, Larry Shover shares his observations of Thursday's markets. Shover: "Wheat was the more tempered of the grains today. Down about 6 and 1/2 cents across all exchanges. Some of it traders say was in sympathy in corn but we are also seeing the wheat corn trade inching higher as we speak - nothing new. Egypt continues to persist in buying Black Sea wheat putting pressure on the downward market in France." Chicago December Wheat ended Thursday down 6 cents at 6-40 and 1/4. December corn ended the day down 8 and 1/2 cents at 4-61.??Portland prices for soft white wheat were down 5 to 9 and 3/4 cents at mostly 7-22 and 1/2. White club wheat were down 5 to 6 cents at mostly 7-32 and 1/2. Hard Red Winter Wheat with 11.5 pct protein prices were down 8 and 3/4 cents at mostly 8-04 and 1/4. DNS wheat with 14 pct protein prices were 10 and 3/4 cents at mostly 8-30 and 1/4. ??October live cattle were down 77 and half cents Thursday at 126-22 and half. October Feeder cattle were down 45 cents at 158-80. October class III milk was down 12 cents at 18-11.