Wheat Down Across the Board

Corn closed with slight losses on quiet trade. Wheat closed with solid losses as buying interest is becoming less aggressive. From the floor of the CME Group Todd Horwitz shares his observations of Wednesday's markets

Howitz: "Wednesday's grain trade saw pretty much of a mixed market but what we are seeing in here in the grain market what we are seeing basically across all markets right now. There are buyers out there — but no one really knows what class to be buying. But when we look at grains specifically here — mixed market - higher corn prices, higher soybean prices and lower wheat. Once again, wheat has become the weak sister of the market here."

Chicago May Wheat ended Wednesday down 12 and 1/2 cents at 6-05 and 1/2. May corn ended the day down a 1/4 of a cent at 4-61.

Portland prices for soft white wheat were down 9 to 9 and 1/2 cents at mostly 7-28 and 1/4. White club wheat prices were down 9 and 1/2 to 12 and 1/2 cents at mostly 7-81 and 3/4. Hard Red Winter wheat with 11.5 percent protein prices were down 11 cents at mostly 8-44. DNS wheat with 14 percent protein prices were down 7 and 1/2 cents at 8-52 and 1/2.

April live cattle were up $2.12 and half Wednesday at 144-52 and half. April Feeder cattle were up $1.40 at 173.92 and half. April class III milk was down 30 cents at 20-48.