Wheat Futures End in the Red

I'm KayDee Gilkey with the Market Line Report for September 10, 2013. ? Wheat futures spent the session in the red Monday with the Chicago December wheat edging down to the low end of the recent range. From the floor of the CME Group, Derek Nelson shares his observations of Monday's markets. Nelson: "In Monday's grain trade corn and soybeans led the complex lower as harvest pressures pickup on the corn complex and basis prices are retracting. Crop conditions are expected to be downgraded slightly for the corn but despite that the technical weaknesses held in the market complexes continue to pressure the market lower ahead of Thursday's USDA report. For the wheat market the U.S. and Canadian harvest should have another good week of harvest ahead of it." Chicago December Wheat ended Monday down 6 and 1/2 cents at 6-41 and 1/4. December corn ended the day down 4 and 3/4 cents at 4-63 and 1/2.??Portland prices for soft white wheat were down 7 to 8 and 3/4 cents at mostly 7-25 and 3/4. White club wheat were down 6 and 1/2 to 7 cents at mostly 7-35 and 3/4. Hard Red Winter Wheat with 11.5 pct protein prices were down 7 cents at mostly 8-06 and 1/2. DNS wheat with 14 pct protein prices were down 10 to 20 cents at mostly 8-22 and 3/4. ??October live cattle were down 32 and half cents Monday at 125-35. October Feeder cattle were up 2 and half cents at 158-05. October class III milk was down 4 cents at 17-82.