Wheat Market Up Slightly

March Chicago wheat ended modestly higher with help from Egypt's purchase of 60,000

metric tons of soft red winter wheat and cold weather concerns for winter wheat crops. From the floor of the CME Group, Joe Vaclavik shares his observations of Tuesday's markets.

Vaclavik: "Grain markets were mixed here on a cold Tuesday here in Chicago. The corn market attempted to trade higher but finished the day near unchanged. This is a market that doesn't have a lot of news out there right now. We're trading very very tight ranges in corn and trading even tighter ranges in wheat. The soybean market is the one that we are seeing bigger ranges. The reality of the situation is that these markets have slowed down."

Chicago March Wheat ended Tuesday up 2 and 1/4 cents at 5-66. March corn ended the day up a 1/4 of a cent at 4-32.??Portland prices for soft white white were mixed down 2 and 1/2 to up 2 and 1/2 cents at mostly 6-73 and 1/2. White club wheat prices were mixed down 2 and 1/2 to up 2 and 1/2 cents at mostly 6-98 and 1/2. Hard Red Winter wheat with 11.5 percent protein prices were mixed down 10 and 1/2 to up 19 and 1/2 cents at mostly 7-69. DNS wheat with 14 percent protein prices were down 6 and 1/5 to 31 and 1/2 cents ranging between 7-95 and 8 even.

?February live cattle were down 60 cents Tuesday at 142-55. March Feeder cattle were down 42 and half cents at 168-37 and half. February class III milk was up 14 cents at 22-92.