Wheat Markets End Slightly Higher Thursday
Wheat markets ended Thursday up slightly. From the floor of the CME Group, Larry Shover shares his observations of Thursday’s markets.
Shover: “We saw some green Thursday here at CME in ag here in Chicago. Hard to believe two days in a row up move for corn. Corn up after being up fractional yesterday. Decs turned up about a penny in some pretty encouraging trade. Seems like we’ve finally found a floor. Moving on to wheat, Decs wheat closed a day volatile session at 2 cents on the day. Sales came out a little higher than consensus estimates at 685,900 metric tons.”
Chicago December Wheat ended Thursday up 3 and 3/4 cents at 4-82 and 3/4. December corn ended the day up 1 and 1/2 cents at 3-22 and 3/4.
Portland prices for soft white wheat were steady to up 3 and 3/4 cents at mostly 6-59. White club wheat prices were up 3 and 3/4 cents at mostly 8-90 and 1/4. Hard Red Winter wheat with 11.5 percent protein prices were up 4 cents at mostly 7-11 and 1/2. DNS wheat with 14 percent protein prices were up 3 and 3/4 cents at mostly 8-34 and 1/2.
October live cattle were up 37 and half cents on Thursday at 162-85. October Feeder cattle were up $2.67 and half at 241-10. October class III milk was up a nickel at 24-03.