Wheat Digs Lower on Demand Drop

I'm KayDee Gilkey with the Market Line Report for October 11, 2013. ?

December wheat closed moderately lower on the day Thursday. Weakness in corn and talk of better weather in the Black Sea region helped to pressure the market. From the floor of the CME Group, Joe Vaclavik shares his observations of Thursday's markets.

Vaclavik: "Grain markets were mixed here on Thursday. We had the corn market lower, the soybean market a bit higher and the wheat market lower. The Decs corn is probably the most heavily followed contract this week. Traded within a penny or two of multi-year lows as a matter of fact -- $4.35 is the big low in the Decs corn we are watching. Moving forward we are waiting on government reports -- obviously with this government shutdown we have no idea when we will see another exports sales number or another USDA report. We were scheduled to have a USDA report on Friday morning that one has been cancelled and we have no make up date. We have no news from the USDA on that -- it is really a wait and see situation to see when we will get some updated balance sheets from the USDA."?

Chicago December Wheat ended Thursday down a nickel at 6-85 and 1/2. December corn ended the day down 5 and 1/4 cents at 4-38 and 1/4.??Portland prices are unavailable until government services resume.

?December live cattle were up 22 and half cents Thursday at 132-17 and half. November Feeder cattle were up $1.55 at 167-92 and half. November class III milk was up 12 cents at 18-18.