Wheat Continues Up

I'm KayDee Gilkey with the Market Line Report for September 30, 2013.

The market closed higher for five sessions in a row and closed above the 100-day moving average for the first time since December 10th of last year. From the floor of the CME Group, Chris Robinson shares his observations of Friday's markets.

Robinson: "On Friday's grain trade we had kinda of two-sided trade in front of Monday the 30th's USDA report. That report is going to come out at 11 a.m. That is a stock's report. The trade is anticipating some news as to what is exactly going on with current supply. The feeling is that there may be some bullish news on the horizon for wheat. But we will just have to wait and see because no one knows what the USDA will say until they actually release it."

Chicago December Wheat ended Friday up 4 and 3/4 cents at 6-83. December corn ended the day down 2 and 3/4 cents at 4-54.??Portland prices for soft white wheat were steady to up 4 and 3/4 cents at mostly 7-17. White club wheat prices were steady to up 4 and 3/4 cents at mostly 7-53 and 3/4. There were no bids for nearby delivery for Hard Red Winter Wheat with 11.5 pct protein. DNS wheat with 14 pct protein prices were up 7 cents at between 8-31 and 1/2.

?December live cattle were up 50 cents Friday at 132-07 and half. November Feeder cattle were down 22 and half cents at 164-92 and half. November class III milk was up 4 cents at 17-76.