Wheat Moderately Higher

December Chicago wheat closed moderately higher on the day Wednesday with support from Kansas City hard red wheat as the clear leader to the upside in the past week. From the floor of the CME Group, Charles Nedoss shares his observations of Wednesday's markets.

Nedoss: "Wednesday in the grain markets, we really traded both sides of unchanged as traders try to ascertain size of this crop. In terms of wheat though -- that has been the bright spot of the grains. We've had some problems in Argentina, and you're seen countries that traditionally source stuff from Argentina or specifically wheat are starting to source from U.S. Brazil has sourced some stuff as has China again from us. This has sort of injected a big arm shot in the export make up here. We could see those numbers change in the next USDA report. Keep an eye on what's going on in terms of the government shutdown. Again, this doesn't really affect production it affects reporting and release of data."

Chicago December Wheat ended Wednesday up 4 and 3/4 cents at 6-86. December corn ended the day unchanged at 4-39.??Since I rely on the USDA Agricultural Marketing Service to provide the Portland prices, I won't be able to report on those until those government services resume.

?December live cattle were down 7 and half cents Wednesday at 131-82 and half. November Feeder cattle were up 15 cents at 166-20. November class III milk was down 7 cents at 17-86.