Wheat Lower Under Pressure

On Friday the market traded sharply lower on the day into the mid-session and gave back all of Thursday's gains and more. Weakness in the other grains and a lack of support from outside markets helped to pressure the market. From the floor of the CME Group, Greg Wagner shares his observations of Friday's markets.

Wagner: "Friday's grain trade you see pressure across the board corn, soybeans, wheat -- everything closing under pressure and near the session lows. Now going into next week given the fact that we ended on a sour note there is going to be a question as to how much follow through we get before we start getting traction here."

Chicago December Wheat ended Friday down 10 and 3/4 cents at 6-46 and 1/4. December corn ended the day down 8 and 1/2 cents at 4-51.??Portland prices for soft white wheat were down 5 and 3/4 to 7 cents at mostly 6-97 and 1/2. White club wheat prices were down 5 and 1/2 to 10 and 1/2 cents at mostly 7-26 and 1/2. Hard Red Winter Wheat with 11.5 pct protein prices were down 9 and 3/4 to 14 and 1/4 cents at mostly 8-05 and 3/4. DNS wheat with 14 pct protein did not issue bids for nearby delivery.

?October live cattle were up 2 and half cents Friday at 125-95. October Feeder cattle were up 85 cents at 160-22 and half. October class III milk was up 9 cents at 18-09.