12-17 ML Grains Down

I'm David Sparks sitting in for KayDee Gilkey with the Market Line Report for December 17, 2013.

March wheat futures in early trading were 4.25 to 6.50 cents per bushel lower compared to Friday's closes.

Bids for US 1 Soft White Wheat for December delivery in unit trains or barges were not fully established in early trading but bids were indicated as 6.50 cents per bushel lower compared to Friday's noon bids in lining up with the lower Chicago March wheat futures. Several exporters are not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December delivery were not fully established in early trading but bids were indicated as 5.75 cents per bushel lower compared to Friday's noon bids in following the lower Kansas City March wheat futures. Some exporters

are not issuing bids for nearby delivery.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for December delivery were also not fully established in early trading but were indicated as 4.25 cents per bushel lower than Friday's noon bids. Lower Minneapolis March wheat futures pressured bids. Some exporters were not issuing bids for nearby delivery.

Bids for US 2 Yellow Corn delivered to Portland and the Yakima Valley were not available.