Choppy Day for Grain Markets

The March contracts of all three grains finished lower. From the floor of the CME Group, Virginia McGathey shares her observations of Tuesday's markets.

McGathey: "Today in the grain markets -- all the grains have been a little bit choppy. Right now the frigid temperature has really been feeding what's keeping the market up on corn and also on wheat. We had a little extra on exports today in wheat that is keeping the market strong. Overall the market really looks weaker on corn and wheat. It looks like it is going to start to sink and move a little bit lower."

Chicago March Wheat ended Tuesday down 3 and 1/4 cents at 6-02 and 1/2. March corn ended the day down 1 and 3/4 cents at 4-26.??Portland prices for soft white white were down 3 and 1/4 to 8 and 1/4 cents at mostly 6-90 and 3/4. White club wheat prices were down 3 and 1/4 to 8 and 1/4 cents at mostly 7-07 and 1/2. Hard Red Winter wheat with 11.5 percent protein prices were up 1 and 1/4 cents at mostly 7-63 and 1/4. DNS wheat with 14 percent protein prices were up a 1/4 of a cent to 5 and 1/4 cents at mostly 8-03 and 3/4.

?February live cattle were down 30 cents Tuesday at 136-52 and half. March Feeder cattle were down 27 and half at 167-82 and half. February class III milk was up 32 cents at 20-15.