I'm KayDee Gilkey with the Market Line Report for September 11, 2013. ?
Wheat futures led the grains higher Tuesday. From the floor of the CME Group, Greg Wagner shares his observations of Tuesday's markets.
Wagner: "Grain trade was mixed with corn closing a nickel higher, wheat up a nickel as well. Then the soybean market was down a penny and half. It is very interesting, corn has got a struggle with a lot of things right now. Remember we are two days out from the report -- major, major report. The September Crop Production and Supply and Demand Report. Historically this report is the tag, the nexus, it is basically the focal point as to whether this market will get higher or lower."
Chicago December Wheat ended Tuesday up 5 and 1/4 cents at 6-46 and 1/2. December corn ended the day up 5 and 1/2 cents at 4-69.??Portland prices for soft white wheat were up 8 and 3/4 to 10 cents at mostly 7-37. White club wheat were up 10 to 10 and 1/4 cents at mostly 7-44 and 1/2. Hard Red Winter Wheat with 11.5 pct protein prices were up 6 and 1/4 to 11 and 1/4 cents at mostly 8-13 and 3/4. DNS wheat with 14 pct protein prices were up 3 to 13 cents at mostly 8-33 and 3/4. ??October live cattle were down 32 and half cents Tuesday at 125-02 and half. October Feeder cattle were down 27 and half cents at 157-77 and half. October class III milk was up 24 cents at 18-06.