Choppy Wheat Market Monday

I'm KayDee Gilkey with the Market Line Report for October 15, 2013. ?

December wheat closed just 1/4 of a cent higher on the day Monday after choppy and two-sided trade. The market recovered from overnight weakness along with the US stock market as outside market forces were far less of a bearish forces than some traders expected on Sunday. High prices in China added to the positive tone and may have helped support the bounce as well. From the floor of the CME Group, Joe Vaclavik shares his observations of Monday's markets.

Vaclavik: "Grain markets here in Chicago were mixed on Monday. We had the corn market just a little higher, soybean also marginally higher, and wheat mixed to lower. We would have had a big USDA report this past Friday due to the government shutdown no activity at all from the USDA -- no reports, no export sales really a whole lot of nothing. So the trade has really quieted down. The most action as of late has been in the wheat market where we've seen a little bit of a rally trading at the highest levels since this summer."

Chicago December Wheat ended Monday up 1/4 of a cent at 6-92 and 1/2. December corn ended the day up 3 and 3/4 cents at 4-37.??Portland prices are unavailable until government services resume.

?December live cattle were up 67 and half cents Monday at 133-15. November Feeder cattle were up 12 and half cents at 169-40. November class III milk was up 2 cents at 18-22.